CA final Indirect Tax Laws Syllabus (IDT)

Indirect Tax Laws Syllabus (IDT) (One paper – Three hours – 100 marks) [Applicable upto may, 2014 Examination]

Objectives: To gain expert knowledge of the principles of the laws relating to central excise customs and service tax, and to acquire the ability to apply the knowledge of the provisions of the above-mentioned laws to various situations in actual practice.

CA Final  Indirect Tax Laws Syllabus (IDT) Contents:

Section A: Central Excise (40 marks)

Central Excise Act, 1944 and the related Rules, Circulars and Notifications; Central Excise Tariff Act, 1985 and the related Rules.

Section B: Service tax & VAT (40 marks)

Law relating to service tax as contained in the Finance Act, 1994 as amended from time to time and the related Rules, Circulars and Notifications.

Issues related to Value Added Tax:

1. Backdrop for State-Level VAT in India

2. Taxonomy of VAT

3. Input tax credit, tax invoices

4. Small dealers and composition scheme

5. VAT procedures

6. VAT in relation to incentive schemes, works contract, lease transactions and hire purchase transactions.

7. VAT and Central Sales Tax

Section C: Customs (20 marks)

- Customs Act, 1962 and the related Rules, Circulars and Notifications; Customs Tariff Act, 1975 and the related Rules.

- While covering the above laws, students should familiarize themselves with the inter-relationship of accounting with excise, customs and service tax and also the ethical considerations involved in the compliance of these laws.

Revised Syllabus – Applicable from November, 2014 Examination onwards

(One Paper – Three hours – 100 marks)

Objectives: To gain advanced knowledge of the principles of the laws relating to central excise, service tax and customs and To acquire the ability to apply the knowledge of the provisions of the above-mentioned laws to various situations in actual practice.

CA Final  Indirect Tax Laws Syllabus (IDT) Contents:

Section A: Central Excise (25 marks)

Central Excise Act, 1944 and the Central Excise Tariff Act, 1985

Section B: Service Tax (50 marks)

Law relating to service tax as contained in the Finance Act, 1994 as amended from time to time.

Section C: Customs and Foreign Trade Policy (25 marks)

Customs Act, 1962, Customs Tariff Act, 1975 and Foreign Trade Policy to the extent relevant to the Customs Law.