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    CMA Intermediate Syllabus 2016 (Paper 11): Indirect Taxation


    PAPER – 11: INDIRECT TAXATION (ITX)
    Section –A: Canons of Taxation – Indirect Tax GST
    80%
    Section – B: Customs Laws
    20%

    Section – A : Canons of Taxation – Indirect Tax GST

    Goods and Services Tax Act & Rules
    1. Introduction
    What is GST? Need for GST in India, Cascading effect of tax
    Non-integration of VAT and Service Tax causes double taxation
    No CENVAT Credit after manufacturing stage to a dealer
    Cascading of taxes on account of levy of CST Inter-State purchases
    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. 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
    a)      Permanent transfer/disposal of business assets
    b)      Supply between related persons or distinct persons
    c)       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
    a)      Renting of Immovable Property
    b)      Information Technology software
    c)       Transfer of the right to use any goods for any purpose
    d)      Composite supply
    Non-taxable Supplies under CGST Act, 2017
    a)      Section 7(2) (a) activities or transactions specified in Schedule III;
    b)      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,
    c)       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)
    (a)    Meaning of Composite and Mixed Supplies
    (b)   Composite Supply
    (c)    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)

    3. Time and Value 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. Input Tax Credit
    Eligibility for taking Input Tax Credit (ITC)
    Input Tax credit in special circumstances
    Input Tax Credit in respect of goods sent for Job-Work
    Distribution of credit by Input Service Distributor (ISD)
    Recovery of Input Tax Credit

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

    6. Tax Invoice, Credit and Debit Notes

    7. Accounts, Other Records

    8. Payment of Tax
    Computation of Tax liability and payment of tax
    Interest on delay payment of tax

    9. Returns

    10. Audit

    11. Anti-profiteering
    Section – B: Customs Law
    Customs Law
    1. Basic Concepts
    Introduction
    Definitions
    Circumstances of Levy

    2. 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. Valuation under Customs
    Introduction
    Valuation of Imported Goods
    Valuation of Export Goods

    4. Import and Export Procedure
    Introduction
    Import Procedure (including warehousing)
    Export Procedures
    Deemed Exports
    Duty drawback

    5. Baggage
    Introduction
    General Free Allowance
    Duty Free Jewellery
    Transfer of Residence

    6. Administrative and other Aspects
    Provisional Assessment of Duty
    Penalties under Customs
    Refund
    Seizure of goods
    Confiscation of goods
    Redemption Fine
    Compounding of offences
    Integrated Declaration under Indian Customs Single Window Project

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