CMA Final New Syllabus 2023: The Institute of Cost Accountants of India has revised new syllabus for CMA Final elective Paper-19 Indirect Tax Laws and Practice (ITLP). The new ICMAI Syllabus-2022 shall be applicable from June 2023 term of examinations.
Students taking enrollments in the Final Course have to give one time option about choice of “Elective Paper”.
New Syllabus for ITLP
SECTION A: Goods and Services Tax Act & Rules
- Supply under GST – A Refresh
1.1 Introduction
1.2 Case Studies and Illustrations on Supply – Taxable, Non-taxable, Exempted, Deemed Supplies, Reverse Charge
1.3 Notifications on Exempted Supplies
1.4 Important Circulars covering Clarifications on Supply
1.5 Analysis of Key Advance Rulings - Time of Supply (Advanced)
2.1 Introduction
2.2 Domestic Transactions including Reverse Charge
2.3 International Transactions including Reverse Charge
2.4 Case Studies / Analysis of Advance Rulings - Place of Supply
3.1 Supplies in Territorial Waters
3.2 Detailed discussion on Place of Supply Provisions
3.3 Place of Supply- OIDAR Services
3.4 Case Studies and Illustrations on Place of Supply - Valuation (Advanced)
4.1 Introduction
4.2 Related Party Transactions
4.3 Distinct Person Transactions
4.4 Specific Valuation Rules
4.5 Case Studies and Illustrations on Valuation
4.6 Key Advance Rulings - Input Tax Credit (Advanced)
5.1 Introduction
5.2 Specific Provisions on Input Tax Credit
5.3 Case Studies and Illustrations on Input Tax Credit including Job Work, Input Service Distributor - Zero Rated Supplies and Deemed Exports
- TDS & TCS under GST
- E-way Bill
- GST Refunds – Inverted Duty Structure and Zero Rated Supplies
- GST Returns
10.1 Introduction
10.2 Specific Provisions – Monthly Returns, Matching, Reversal and Reclaim of Input Tax Credit
10.3 Annual Return, Final Return
10.4 Penal Provisions for Return Filing - Accounts and Records
- GST Annual Return and GST Audit Return
12.1 Key Points for GST Annual Return and GST Audit
12.2 Approach for GST Audit- Audit Plan, Checklists, Methodology, Management Representations, Reconciliations
12.3 Case Studies and Illustrations
- Transition to GST (Transitional Provisions)
- Dispute Resolution Mechanism under GST
14.1 Demands
14.2 Assessment and Appeals
14.3 Advance Ruling
14.4 Offences and Penalties - Inspection, Search, Seizure, Arrest and Prosecution
- Anti-profiteering
16.1 Provisions
16.2 Key Rulings - Walkthrough of GSTN Portal
SECTION B: Customs Act and Rules
- Valuation and Related Party Transactions
18.1 Valuation of Imported and Exported Goods - Customs Procedures – Baggage & Courier / Post
19.1 Provision regarding Baggage - Manufacture in Bond
- Duty Drawback
- Customs (Import of Goods at Concessional Rate of Duty) Rules, 2017
- Remission of Duties
- Refund
- Trade Facilitation Measures
- Export Promotion Schemes under Foreign Trade Policy
26.1 Merchandise Exports from India Scheme (MEIS)
26.2 Service Exports from India Scheme (SEIS)
26.3 Advance Authorization Scheme
26.4 Duty Free Import Authorization (DFIA) Scheme
26.5 Export Promotion Capital Goods Scheme (EPCG)
26.6 New Scheme: RODTEP
26.7 EOU, EHTP, STP & BTP Schemes
26.8 Deemed Exports - Special Economic Zone Scheme (with Amended SEZ Rules)