Indirect Taxation (Paper-11) CMA Inter Group 2


Note: Subjects related to applicable statutes shall be read with amendments made from time to time.

  • Goods and Services Tax Act & Rules
1.0 Introduction
  • What is GST
  • One Nation-One Tax
  • Dual GST Model
  • Central Goods and Services Tax Act, 2017 (CGST)
  • State Goods and Services Tax Act, 2017 (SGST)
  • Union Territory Goods and Services Tax Act, 2017 (UTGST)
  • Integrated Goods and Services Tax Act, 2017 (IGST)
  • Goods and Services Tax Network (GSTN)
  • Functions of GSTN (i.e. Role assigned to GSTN) Constitution (101st Amendment) Act, 2016
  • GST Council
  • Guiding principle of the GST Council
  • Functions of the GST Council
  • Definitions under CGST Laws

2.0 Levy and Collection of Tax
  • Scope of supply (Section 7 of CGST Act, 2017)
  • Section 7(1) (a) all forms of supply of goods or services or both such as sale, transfer, barter,exchange, licence, rental, lease or disposal made or agreed to be made for a consideration by a person in the course or furtherance of business;
  • Section 7(1)(b) of CGST Act, 2017, import of services for a consideration whether or not in the course or furtherance of business
  • Section 7(1)(c) of the CGST Act, 2017 the activities specified in Schedule I, made or agreed to be made without a consideration
  • Permanent transfer/disposal of business assets
  • Supply between related persons or distinct persons
  • Supply to agents or by agents
  • Importation of Services
  • Section 7(1)(d) the activities to be treated as supply of goods or supply of services as referred to in Schedule II Renting of Immovable Property
  • Information Technology software
  • Transfer of the right to use any goods for any purpose
  • Composite supply
Non-taxable Supplies under CGST Act, 2017
  • Section 7(2) (a) activities or transactions specified in Schedule III;
  • Section 7(2)(b) such activities or transactions undertaken by the Central Government, a
  • State Government or any local authority in which they are engaged as public authorities, as may be notified by the Government on the recommendations of the Council, Section 7(3) the transactions that are to be treated as—
      (a) a supply of goods and not as a supply of services; or
      (b) a supply of services and not as a supply of goods. Composite and Mixed Supplies (Section 8 of CGST Act, 2017)
  • Meaning of Composite and Mixed Supplies, Composite Supply, Mixed supply, Levy and Collection, Composition Levy, Exemption from tax, Person liable to pay tax, Forward Charge, Reverse Charge, Person who are required to pay tax under section 9(5) of CGST (i.e. Electronic Commerce Operator) Act
3.0 Time, Value and Place of Supply
  • Time of supply
  • Place of supply
  • Value of supply
  • Change in rate of tax in respect of supply of goods or services

4.0 Input Tax Credit
  • Eligibility for taking Input Tax Credit (ITC)
  • Blocked Credits
  • Method of Reversal of Credits
  • Input Tax Credit in respect of goods sent for Job-Work
  • Distribution of credit by Input Service Distributor (ISD)

5.0 Registration under GST Law
  • Persons not liable for registration
  • Compulsory registration
  • Concept of Distinct Persons under GST
  • Procedure for registration
  • Deemed registration
  • Casual taxable person
  • Non-resident taxable person
  • Cancellation vs. Revocation of registration

6.0 Tax Invoice, Credit and Debit Notes and other documents under GST
7.0 Accounts, Other Records

8.0 Payment of Tax
  • Computation of Tax liability and payment of tax, Interest on delay payment of tax
9.0 TDS & TCS under GST
10.0 Returns
11.0 Matching Concept under GST
12.0 GST Audit by Professionals
13.0 E _Waybills under GST - Basics

1.0 Basic Concepts
  • Introduction, Definitions, Circumstances of Levy
2.0 Types of Duties
  • Introduction
  • Types of Duties
  • Basic customs duty
  • IGST (replacement of CVD and Spl. CVD)
  • Protective duties
  • Safeguard duty
  • Countervailing Duty on subsidized articles
  • Anti-dumping duty
3.0 Valuation under Customs
  • Introduction
  • Valuation of Imported Goods
  • Valuation of Export Goods
4.0 Import and Export Procedure
  • Introduction
  • Import Procedure (including warehousing)
  • Export Procedures
  • Deemed Exports
  • Duty drawback