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Paper 8: Indirect Tax Laws

(One paper – Three hours – 100 marks)

Level of Knowledge: Advanced knowledge

CA Final Course Paper 8: Indirect Tax Laws  (100 Marks)
Part-I: GST (75 Marks)
Sections Weightage Content Area
I 10%-20% 1 (ii)  Levy and collection of CGST and IGST – Application of CGST/IGST law; Concept of supply including composite and mixed supplies, inter-State supply, intra-State supply, supplies in territorial waters; Charge of tax (including reverse charge); Exemption from tax; Composition levy
    1 (iii) Place of supply 
    1 (iv) Time and value of supply
    1 (v)    Input tax credit
II 20%-30% 1 (vi) Computation of GST liability
III 20%-40% 1 (vii) Procedures under GST – All procedures including registration, tax invoice, credit and debit notes, electronic way bill, accounts and records, returns, payment of tax, refund, job-work
    1(viii)   Provisions relating to electronic commerce
    1 (ix)    Liability to pay in certain cases 
IV 10%-25% 1(xiii) Offences and Penalties
    1(xiv) Advance Ruling
    1(xv) Appeals and Revision
V 10% -15% 1(i)       Constitutional aspects
    1(x)      Administration of GST; Assessment and Audit
    1(xi) Inspection, Search, Seizure and Arrest
    1(xvi) Other provisions
Part-II: Customs and FTP (25 Marks)
I 20% - 40% 1(ii) Levy of and exemptions from customs duties – All provisions including application of customs law, taxable event, charge of customs duty, exceptions to levy of customs duty, exemption from custom duty
    1(iii) Types of customs duties
    1(iv) Valuation of imported and export goods
II 40% - 70%  1(vi) Import and Export Procedures – All import and export procedures including special procedures relating to baggage, goods imported or exported by post, stores
    1(viii) Warehousing
    1(ix) Drawback
    1(x) Demand and Recovery; Refund
    1(xi) Provisions relating to prohibited goods, notified goods, specified goods, illegal  goods, importation/exportation of goods
    1(xii) Searches, seizure and arrest; Offences; Penalties; Confiscation and Prosecution
    1(xiii) Appeals and Revision; Advance Rulings; Settlement Commission
    Foreign Trade Policy
    2(iii) Basic concepts relating to export promotion schemes provided under FTP
III 10% - 20% 1(i)Introduction to customs law including Constitutional aspects
    1(iv) Classification of imported and export goods
    1(v)Officers of Customs; Appointment of customs ports, airports etc.
    1(vii) Provisions relating to coastal goods and vessels carrying coastal goods
    1(xiv) Other provisions
    Foreign Trade Policy
    2(i) Introduction to FTP – legislation governing FTP, salient features of an FTP, administration of FTP, contents of FTP and other related provisions
    2(ii) Basic concepts relating to import and export of goods