PAPER – 18: INDIRECT TAX LAWS AND PRACTICE (ITP)
Section – A: Advance Indirect Tax and Practice
Percentage of Marks
1. Goods and Services Tax Act & Rules
50%
2. Customs Law
20%
3. Foreign Trade Policy (FTP)
10%
Section – B: Tax Practice and Procedures

Case Study Analysis
20%

Section – A : Advance Indirect Tax and Practice
1. Goods and Services Tax Act & Rules
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:
The existing Indirect Tax frame work in India suffer from various duties and taxes at Central as well as at State level:
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)
The functions of the 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
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
Un-divided share in goods
Job work
Transfer of business assets
Renting of Immovable Property
Construction Service
Information Technology software
Agreeing to the obligation to refrain from an act, or to tolerate an act or a situation, or to do an act
Transfer of the right to use any goods for any purpose
Composite supply
Supply of goods, by any unincorporated association or body of persons to a member thereof for cash, deferred payment or other valuable consideration.
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)

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. Assessment
11. Audit
12. The Goods and Services Tax (Compensation to States) Act, 2017
13. Advance concepts under GST
Introduction
Demand and recovery
Offence and Penalties
Appeals and Revision
Advance Ruling
Miscellaneous Provisions
14. Transitional Provisions
15. Anti-profiteering
2. Customs Law
1. Basic Concepts: Introduction, Definitions, Circumstances of Levy, Circumstance under which no duty will be levied;
Tax Planning v Tax Management
Customs Tariff Act, 1975
General Rules for the Interpretation of Import Tariff
2. Types of Duties: Introduction, Types of Duties, When can provisional measures are imposed, Refund on anti-dumping duty
3. Valuation under Customs: Introduction, Transaction Value, Valuation of Imported & Export Goods.
4. Import and Export Procedure:
Import Procedure, Warehousing
Export Procedures, Deemed Exports, Duty drawback, Negative list of Duty Drawback, Export incentives in lieu of duty drawback
Stores Project Imports Certification
5. Baggage & Postal Articles: Introduction, Baggage, Postal Articles, Import of Samples
6. Administrative and other Aspects: Introduction, Appointment of officers of customs, Appointment of customs ports, airports, etc.
First & Second Appraisement System
Self-assessment of Customs Duty
Refund of Customs Duty
Risk Management System
Penalties under Customs
Offences and Prosecutions under Customs
Integrated Declaration under Indian Customs Single Window Project
7. Comprehensive Issues under Customs (including Case Studies): Introduction, Adjudicating Authority, Offences, Appeals under Customs, Authority for Advance Ruling
3. Foreign Trade Policy 2015-2020
Section – B : Tax Practice and Procedures
4. Case Study Analysis

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