Indirect Taxation

Indirect Taxation

CMA Intermediate - Paper 11 : Indirect Taxation

ICMAI has introduced this paper Indirect Taxation at the CMA Intermediate level so that you can understand the impact of indirect taxes on businesses so as to make effective business decisions.  

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Indirect Taxation
notes
GST in India - An Introduction
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Paper 5
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Paper 6
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Paper 7
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Paper 8
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Paper 9
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Paper 10
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Paper 12
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June 2018
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December 2018
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June 2017
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December 2017

More about Indirect Taxation

What is Indirect Taxation?
  • Taxation is the system by which a government finances its expenditure by charging compulsory levies on individuals or business entities. These compulsory levies are known as Taxes 
  • Indirect Taxes are taxes levied on goods and services rather than profits or losses. They are collected by an intermediary rather than directly from the person 
Why has ICMAI introduced this paper, Indirect Taxation, at the CMA Intermediate level?
  • In order to make effective business decisions as a CMA, you need to understand the impact of indirect taxes 
  • You need to be able to compute the assessable value of transactions under GST 
  • Understand the procedure and framework of statues related to indirect taxation 
What are the topics covered in Indirect Taxation at the CMA Intermediate level?
  • Canons of Taxation (GST)  
  • Customs Laws 
What is the best approach to study Indirect Taxation?  
  • Make your own notes. Your hand-written notes come to the rescue during last minute revision  
  • Study the case laws released for your exam  
  • Solve a good number of problems 
  • Try covering as much as possible in the syllabus; do not resort to selective study  
  • Make sure you are reading all the materials that are applicable to your exam  
  • Solve all Mock papers, revision test papers and Questions for practice released by the institute for GST  
  • You may also take suggested answers of May and Nov -18 exams to prepare for GST  
  • Do NOT ignore Customs Laws 

 

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Course Content Available
 

Faculty

Estimated Lectures

Lectures Available in the Portal

Available fully by 

CA Praveen Jain

100

100

Completed 

CA Lijil Lakshman

25

25

Completed

Available Lectures for Indirect Taxation
 
Paper-8: Indirect Tax Laws
Chapters No. of Lectures
Part-I Goods and Services Tax
GST in India - An Introduction 6
Levy of GST 2
Glossary 4
Taxable Event - Supply 10
Reverse Charge 4
Time of Supply 6
Value of Supply 9
Registration 8
Composition Scheme 3
Input Tax Credit 14
Tax Invoice, Credit and Debit Notes 4
Payment of Tax 2
Returns 2
Exemption 10
Accounts and Records 1
Electronic Commerce 1
TCS & TDS 1
IGST(Place of Supply) 12
Audit & Assesment  1
Section B: Customs Laws
1: Customs Law - Basic Concepts 3
2 : Types of Duties 3
3: Valuation under Customs 8
4: Import & Export Procedure 11