Paper 8 of CA Final course, under the new scheme and old scheme, is Indirect Tax Laws(IDT) The fundamental objective is to develop the ability to acquire and apply the various treatment and provision of CA Final IDT (indirect tax) in the actual world.
CA Final IDT (Indirect Tax Laws)
In this article, you will get CA Final IDT (Indirect tax) paper pattern, paper review, mock test papers, revision test papers, syllabus, question papers with suggested answers, study material, mark weightage and preparation tips for an old and new course for 2019 exams.
CA Final IDT Paper Pattern 2019
- The number of the question asked: 7 out of which six need to be answered in the old course and 6 questions are asked in the new course where only five need to be answered.
- The time allowed to take the exam is 3 hours
- Maximum marks 100 marks
- Each question is assessed through comprehensive knowledge, analytical skill, and reporting efficiency.
- The paper is assessed through 30:70 assessment pattern where 30 % marks are evaluated through objective type question and the remaining 70 % marks as per present pattern.
- Objective type questions will be asked through MCQ, which will levy, no negative marking for wrong answers.
- The answers are evaluated on the updated GST rates and Custom rates.
CA Final Indirect Tax Paper Review
How was Nov 2018 CA Final Paper 5 Indirect Tax Laws paper?
The paper was confusing, theoretical and lengthy for both the scheme. The introduction of GST has shown its presence in questions as they were related to it.
CA Final IDT Syllabus
ICAI has revised the CA Final syllabus under new scheme student can download the syllabus of CA Final Indirect Tax Laws for both new and old Final
|New Final Indirect Tax Laws Syllabus||Old Final Syllabus Indirect Tax|
CA Final IDT Study Material/ Notes (New/ Old)
ICAI has revised the syllabus under new scheme student can download the CA Final study material and notes according to the syllabus of CA Final Indirect Tax Laws for both new and old Final scheme. The applicable study material for the paper is
|Paper 8: Indirect Tax Laws Part I: Goods and Services Tax Part II: Customs & FTP||October 2018 to be read along with Study Guidelines plus Statutory update web hosted on BOS Knowledge Portal.|
CA Final Indirect Tax Statutory Updates for Both Scheme
The latest ICAI Statuatory updated can be viewed from the link below :
CA Final IDT Question Papers with Suggested Answers
ICAI has revised the syllabus under the new scheme. The student can download the CA Final question papers with suggested answers of IDT for the old and new syllabus from here
For New Syllabus
|Question Papers||Suggested Answers|
|November, 2018||November 2018|
|May 2018||May 2018|
For Old Syllabus
CA Final IDT Mock Test Papers
ICAI has revised the syllabus under the new scheme. Students can download the CA Final Mock Test Papers for Tax Laws for an old and new syllabus from here
|New Syllabus||Old Syllabus|
|Series – I|
Series – II
CA Final IDT Revision Test Papers (RTP)
ICAI has revised the syllabus under the new scheme. Students can download the RTP of CA Final Indirect Tax Laws for an old and new syllabus from here. You can download 7years RTP for the old final syllabus.
Important: The study guidelines have been issued by ICAI to provided updated law and amendment in indirect taxes so that students don’t follow obsolete data.
CA Final IDT Marks Weightage for New Course
You can see the breakdown of chapters and modules according to the marks weightage given In exams and plan your study accordingly
|Weightage||1. Goods and Services Tax (GST) Law as contained in the Central Goods and Services Tax (CGST) Act, 2017 and Integrated Goods and Services Tax (IGST) Act, 2017|
|25%-35%||Chapter 1 (ii) Levy and collection of CGST and IGST – Application of CGST/IGST law; Concept of supply including composite and mixed supplies, inter-State supply, intra-State supply, supplies in territorial waters; Charge of tax; Exemption from tax; Composition levy (iii) Place of supply (iv) Time and Value of supply (v) Input tax credit|
|20%-30%||(vi) Computation of GST liability|
|10%-30%||(vii) Procedures under GST – All procedures including registration, tax invoice, credit and debit notes, electronic waybill, accounts and records, returns, payment of tax including reverse charge, refund, job work (viii) Provisions relating to electronic commerce (ix) Liability to pay in certain cases|
|10%-25%||(xii) Demand and Recovery (xiii) Offences and Penalties (xiv) Advance Ruling (xv) Appeals and Revision|
|5%-10%||(i) Constitutional aspects (x) Administration of GST; Assessment and Audit (xi) Inspection, Search, Seizure and Arrest|
Part-II: Customs & FTP (25 Marks)
|20%-40%|| (ii) Levy of and exemptions from customs duties – All provisions including the application of customs law, taxable event, charge of customs duty, exceptions to the levy of customs duty, exemption from customs duty (iii) Types of customs duties (iv) Classification and valuation of imported and export goods |
|40%-70%||Chapter 2: iii) Basic concepts relating to export promotion schemes provided under FTP |
|10%-20%||Chapter 2 :(i) Introduction to FTP – legislation governing FTP, salient features of an FTP, administration of FTP, contents of FTP and other related provisions Chapter 1 (i) Introduction to customs law including Constitutional aspects (iv) Classification and valuation of imported and export goods (v) Officers of Customs; Appointment of customs ports, airports etc. (vi) Import and Export Procedures – All import and export procedures including special procedures relating to baggage, goods imported or exported by post, stores (vii) Provisions relating to coastal goods and vessels carrying coastal goods(xiv) Other provisions |
CA Final Indirect Tax (IDT) Preparation Tips
- Divide the study material into three parts GST, Foreign policy and necessary amended and updated material.
- Whenever come across any new law or provision or any amendment you need to carefully update it with your study material to save you from any confusion in future.
- Keep yourself updated with the economic news of our country and internationally to understand their impact.
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