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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