ICSI CS Professional Paper 7 | Advanced Tax Laws and Practice

About Advanced Tax Laws and Practice

Advanced Tax Laws is an area of legal study which deals with the constitutional, common-law, statutory, tax treaty, and regulatory rules that constitute the law applicable to taxation.It covers the rules, policies and laws that oversee the tax process, which involves charges on estates, transactions, property, income, licenses and more by the government.

To impart detailed understanding to the students of the provisions of the Direct Tax Laws (Income Tax) and Indirect Tax Laws (GST and Customs).As a CS, it is incumbent on your part to know about tax implications for Companies and Individuals. Tax is also one of the areas of practice for CS. At this level you will be learning about Indirect taxation and case studies related thereto. This is to improve interpretation and skills of analysing the Law in corporate scenarios.

The topics covered in Advanced Tax Laws and Practice at CS Professional Level

Taxation of entities
International Taxation
Central Excise Laws
Customs Laws
Tax Planning
VAT
An Overview on Goods and Services Tax ‘GST
Case Laws, Case Studies & Practical Aspects

The best approach to study Advanced Tax Laws paper

Tax is a subject that requires a lot of time and practice. It becomes very difficult if it is kept pending till the last moment. Start the subject early so that you have ample time to understand concepts and solve problems and case studies.
Tax Law is one of the most dynamic laws and there are amendments, circulars and notifications. Equip yourselves to these changes and keep yourselves updated with latest amendments.
Ensure that you have enough tie to revise the entire subject at least 2-3 times. So, Time management plays a very important role for preparation of Tax paper.
Solve as many question papers as possible.

1 Part 1 : Taxation of Individuals, Partnerships, LLP and Companies

Lecture icon 92 Lectures Know More

1 Part 2 : Taxation of Partnership Firms/ Limited Liability Partnership

Lecture icon 4 Lectures Know More

1 Part 3 : Taxation of Companies

Lecture icon 8 Lectures Know More

2 International Taxation : Part 1 - Taxation of Non-Resident

Lecture icon 9 Lectures Know More

2 International Taxation : Part 2 - Advance Rulings

Lecture icon 2 Lectures Know More

2 International Taxation : Part 3 - Transfer Pricing & Other Anti-avoidance Measures

Lecture icon 10 Lectures Know More

2 International Taxation : Part 4 - Double taxation Avoidance Agreements

Lecture icon 4 Lectures Know More

3 Tax Planning and Tax Management

Lecture icon 6 Lectures Know More

1 GST in India - An Introduction

Lecture icon 8 Lectures Know More

2 Levy of GST

Lecture icon 2 Lectures Know More

2A Glossary

Lecture icon 4 Lectures Know More

3 Taxable Event - Supply

Lecture icon 8 Lectures Know More

4 Reverse Charge

Lecture icon 8 Lectures Know More

5 Time of Supply

Lecture icon 5 Lectures Know More

5 Part I - Introduction and Basic Concepts of Customs Law

Lecture icon 6 Lectures Know More

5 Part - II Valuation, Assessment of Imported and Export Goods and Procedural Aspects

Lecture icon 8 Lectures Know More

6 Value of Supply

Lecture icon 10 Lectures Know More

6 Part I - Arrival or Departure and Clearance of Imported or Export Goods

Lecture icon 9 Lectures Know More

6 Part II - Warehousing, Duty Drawback, Baggage and Miscellaneous Provisions

Lecture icon 4 Lectures Know More

7 Registration

Lecture icon 13 Lectures Know More

7 Customes Law-Search, Seizure, Confiscation of Goods, Offences and Penalties

Lecture icon 1 Lectures Know More

8 Composition Scheme

Lecture icon 5 Lectures Know More

8 Advance Ruling, Settlement Commission and Appellate Procedure

Lecture icon 2 Lectures Know More

9 Input Tax Credit

Lecture icon 20 Lectures Know More

10 Tax Invoice, Credit and Debit Notes

Lecture icon 8 Lectures Know More

11 Payment of Tax

Lecture icon 5 Lectures Know More

12 Returns

Lecture icon 4 Lectures Know More

13 Exemption

Lecture icon 11 Lectures Know More

14 E-way Bill

Lecture icon 5 Lectures Know More

15 Accounts and Records

Lecture icon 2 Lectures Know More

16 Electronic Commerce

Lecture icon 2 Lectures Know More

17 TCS and TDS

Lecture icon 2 Lectures Know More

18 IGST (Place of Supply)

Lecture icon 15 Lectures Know More

19 Refund

Lecture icon 11 Lectures Know More

20 Audit and Assesment

Lecture icon 4 Lectures Know More

21 Demand & Recovery

Lecture icon 6 Lectures Know More

22 Appeals & Revision

Lecture icon 4 Lectures Know More

23 Advance Ruling

Lecture icon 1 Lectures Know More

24 Inspection, Search, Seizure & Confiscation

3 Lectures Know More

25 Offences & Penalties

Lecture icon 2 Lectures Know More

26 Liability to Pay in Certain Cases

Lecture icon 3 Lectures Know More

27 GST Notes - By CA Praveen Jain

Lecture icon 2 Lectures Know More

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Resources

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Resources

Paper 7

Advanced Tax Laws and Practice

About Advanced Tax Laws and Practice

Duration: 3 hours

Faculty

Resources

Advanced Tax Laws and Practice

1 Part 1 : Taxation of Individuals, Partnerships, LLP and Companies

1 Part 2 : Taxation of Partnership Firms/ Limited Liability Partnership

1 Part 3 : Taxation of Companies

2 International Taxation : Part 1 - Taxation of Non-Resident

2 International Taxation : Part 2 - Advance Rulings

2 International Taxation : Part 3 - Transfer Pricing & Other Anti-avoidance Measures

2 International Taxation : Part 4 - Double taxation Avoidance Agreements

3 Tax Planning and Tax Management

1 GST in India - An Introduction

2 Levy of GST

2A Glossary

3 Taxable Event - Supply

4 Reverse Charge

5 Time of Supply

5 Part I - Introduction and Basic Concepts of Customs Law

5 Part - II Valuation, Assessment of Imported and Export Goods and Procedural Aspects

6 Value of Supply

6 Part I - Arrival or Departure and Clearance of Imported or Export Goods

6 Part II - Warehousing, Duty Drawback, Baggage and Miscellaneous Provisions

7 Registration

7 Customes Law-Search, Seizure, Confiscation of Goods, Offences and Penalties

8 Composition Scheme

8 Advance Ruling, Settlement Commission and Appellate Procedure

9 Input Tax Credit

10 Tax Invoice, Credit and Debit Notes

11 Payment of Tax

12 Returns

13 Exemption

14 E-way Bill

15 Accounts and Records

16 Electronic Commerce

17 TCS and TDS

18 IGST (Place of Supply)

19 Refund

20 Audit and Assesment

21 Demand & Recovery

22 Appeals & Revision

23 Advance Ruling

24 Inspection, Search, Seizure & Confiscation

3 Lectures Know More

25 Offences & Penalties

26 Liability to Pay in Certain Cases

27 GST Notes - By CA Praveen Jain

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