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Indirect Tax Laws And Practice (ITLP) (Paper-19) CMA Final Group 4

Taught by Faculties:

Syllabus

SECTION A: GOODS AND SERVICES TAX ACT & RULES [70%]
1. Supply under GST - A Refresh - 4.12%
  • Introduction 
  • Case Studies and Illustrations on Supply - Taxable, Non-taxable, Exempted, Deemed Supplies, Reverse Charge 
  • Notifications on Exempted Supplies 
  • Important Circulars covering Clarifications on Supply 
  • Analysis of Key Advance Rulings 
2. Time of Supply (Advanced) - 4.12%
  • Introduction 
  • Domestic Transactions including Reverse Charge 
  • International Transactions including Reverse Charge 
  • Case Studies / Analysis of Advance Rulings 
3. Place of Supply - 4.12%
  • Supplies in Territorial Waters 
  • Detailed discussion on Place of Supply Provisions 
  • Place of Supply- OIDAR Services 
  • Case Studies and Illustrations on Place of Supply 
4. Valuation (Advanced) - 4.12%
  • Introduction 
  • Related Party Transactions 
  • Distinct Person Transactions 
  • Specific Valuation Rules 
  • Case Studies and Illustrations on Valuation 
  • Key Advance Rulings 
5. Input Tax Credit (Advanced) - 4.12%
  • Introduction 
  • Specific Provisions on Input Tax Credit 
  • Case Studies and Illustrations on Input Tax Credit including Job Work, Input Service Distributor 
6. Zero Rated Supplies and Deemed Exports - 4.12%
7. TDS & TCS under GST - 4.12%- 4.12%
8. E-way Bill - 4.12%
9. GST Refunds - Invert- 4.12%- 4.12%
10. GST Returns - 4.12%
  • Introduction 
  • Specific Provisions - Monthly Returns, Matching, Reversal and Reclaim of Input Tax Credit 
  • Annual Return, Final Return 
  • Penal Provisions for Return Filing 
11. Accounts and Records - 4.12%- 4.12%
12. GST Annual Return and GST Audit Return
  • Key Points for GST Annual Return and GST Audit 
  • Approach for GST Audit- Audit Plan, Checklists, Methodology, Management Representations, Reconciliations 
  • Case Studies and Illustrations 
13. Transition to GST (Transitional Provisions) - 4.12%
14. Dispute Resolution Mechanism under GST - 4.12%
  • Demands 
  • Assessment and Appeals 
  • Advance Ruling 
  • Offenses and Penalties 
15. Inspection, Search, Seizure, Arrest, and Prosecution - 4.12%
16. Anti-profiteering - 4.12%
  • Provisions 
  • Key Rulings 
17. Walkthrough of GSTN Portal - 4.12%

SECTION B: CUSTOMS ACT AND RULES [30%]
18. Valuation and Related Party Transactions - 3%
  • Valuation of Imported and Exported Goods 
19. Customs Procedures - Baggage & Courier / Post - 3%
  • Provision regarding Baggage 
20. Manufacture in Bond - 3%
21. Duty Drawback - 3%
22. Customs (Import of Goods at Concessional Rate of Duty) Rules, 2017 - 3%
23. Remission of Duties - 3%
24. Refund - 3%
25. Trade Facilitation Measures - 3%
26. Export Promotion Schemes under Foreign Trade Policy - 3%
  • Merchandise Exports from India Scheme (MEIS) 
  • Service Exports from India Scheme (SEIS) 
  • Advance Authorization Scheme 
  • Duty-Free Import Authorization (DFIA) Scheme 
  • Export Promotion Capital Goods Scheme (EPCG) 
  • New Scheme: RODTEP 
  • EOU, EHTP, STP & BTP Schemes 
  • Deemed Exports 
27. Special Economic Zone Scheme (with Amended SEZ Rules) - 3%