All About CA Course

All About CA Course: CA foundation, CA Intermediate and CA Final Syllabus

Leave a Comment / Blog / By

For those interested in pursuing a career in Commerce or any other stream, chartered accountancy is one of the best career option.

It is a very good job option for individuals who are interested in the field of taxation and accounting. The road to become a chartered accountant is arduous and difficult and hence paid a great amount after completion. It is almost a five-year course conducted by the ICAI. ICAI stands for Institute for chartered Accountants of India. The ICAI prepares the CA syllabus for the CA exams.

The ICAI conducts three levels of examinations for students. CA Foundation, CA Intermediate, and CA Final for Chartered Accountancy course to complete. Students are only regarded professional chartered accountants if they pass all three levels of the test.

A student’s minimal qualification to join CA is a +2. When a student joins CA after passing +2, he or she must study for the first level of the exam. Students take the foundation exam at this level of the exam. Students move on to the second level, CA Intermediate, after completing the first. Exams are divided into two groups at this level: group 1 and group 2.

To know whole about CA exams, CA exam syllabus, and difficulty level, read the following article.

Becoming a successful Chartered Accountant is a difficult process because an individual have to pass all three levels of examinations. The ICAI has established several eligibility criteria for admission to the CA course.

CA Course structure

The three levels of CA Exam are:

  • Foundation Level
  • Intermediate Level
  • Final Level

The CA Foundation exam is the entry-level exam for CA. Students who wish to pursue a profession as a Charted Accountant after their +2 examination, should register for the Foundation level exam. ICAI conducts this exam twice a year. The first exam is in May and the second exam is in November month. The duration of the first level is 4 months. ICAI has set the Foundation Level exam course fees as Rs.9200.

After the completion of the foundation level of the exam, candidates are eligible for the registration of CA intermediate level.

CA Intermediate exam consists of two groups.

The course duration for the CA intermediate level is eight months. ICAI conducts this exam also twice in a year, first in May and second in November. The fees set by ICAI for CA intermediate is Rs.18000.

The third and last level of CA Course is CA final. Students have to clear the previous two exams in order to reach the CA final exam. After the completion of the final exam, a student can apply for membership. After that, a candidate becomes a professional Chartered Accountant.

The CA final level exam also occurs twice a year, once in May and second in November. The final level duration is for three years which includes registration, a three-year course duration plus training. The final level exam fee is Rs.22000.

Now let’s move on to the CA course Syllabus level wise.

CA Foundation Syllabus

CA Foundation syllabus includes four subjects. The four papers for the CA foundation exam, as per the ICAI CA syllabus are:

Paper 1- Principle and Practice of accounting (100 marks paper)

Topics of paper 1

  • Theoretical Framework
  • Accounting Process
    • Preparation of Trial Balance
    • Rectification of Errors etc,
  • Bank Reconciliation Statements
  • Inventories
  • Concepts and Accounting for Depreciation
  • Accounting for Special Transactions
  • Final Accounts of Sole Proprietors
  • Partnership Accounts
  • Financial Statements of Not-For Profit Organizations.
  • Introduction to the Company Accounts
  • Basic Accounting Ratios.

Paper 2- Business law, business correspondence, and reporting (100 Marks)

This paper has two parts. Part 1 comprises Business Law, which carries 60 marks and part 2 comprises Business Correspondence and Reporting, which carry 40 marks.

Topics of paper 2

  1. The Indian Contract Act, 1872
  2. The sale of Goods Act, 1930
  3. The Indian Partnership Act, 1932
  4. The Limited Liability Partnership Act, 2008
  5. The Companies Act, 2013

Section 2

Part – 1   Communication

Part -2    Sentence Types and Word Power

  1. Sentence types (Direct, Indirect, Active-Passive Speech)
  2. Vocabulary Root Words, Synonyms, Antonyms, Prefixes, Suffixes,  Phrasal verbs, Collocations & Idioms.

Part -3  Comprehension Passages and Note Making

  1. Comprehension Passages
  2. Note Making

Part -4  Developing writing Skills

  1. Introduction to Basic writing
  2. Précis Writing
  3. Article Writing
  4. Report Writing
  5. Writing Formal Letters
  6. Writing Formal Mails
  7. Resume Writing
  8. Meetings

Paper 3- Business Mathematics and Logical Reasoning & Statistics

Paper 3 has 3 parts, and each part carries distinct marks

Topics for paper 3

SECTION – A     Business Mathematics

Topics covered are-

  1. Ratio and Proportion, Indices and Logarithms
  2. Equations and Matrices
  3. Linear Inequalities with Objective Functions and Optimization w.r.t. objective function.
  4. Time value of Money
  5. Permutations and Combinations
  6. Sequence and Series
  7. Sets, Relations, and Functions
  8. Basic applications of Differential and Integral calculus

SECTION – B  Logical Reasoning

  1. Number series, Coding and Decoding and odd man out.
  2. Direction Tests
  3. Seating Arrangements
  4. Blood Relations
  5. Syllogism.

SECTION – C Statistics

  1. Statistical description of Data
  2. Measures of Central tendency and Dispersion
  3. Probability
  4. Theoretical Distributions
  5. Correlation and Regression
  6. Index Numbers and Time Series

Paper 4- Business Economics & Business and Commercial Knowledge

This paper has two parts

Topics for paper 4

SECTION – A Business Economics

Topics covered in this section includes-

  1. Introduction to Business Economics
  2. Theory of Demand and Supply
  3. Theory of Production and Cost
  4. Price Determination in Different Markets
  5. Business Cycles

SECTION – B Business and Commercial Knowledge

Topics covered in this subject are-

  1. Business and Commercial Knowledge – An Introduction
  2. Business Environment
  3. Business Organizations
  4. Government Policies for Business Growth
  5. Organizations Facilitating Business
  6. Common Business Terminologies

CA Intermediate Syllabus

CA intermediate level has 8 subjects. The level is divided into 2 groups. In the first group, 4 papers and in the second group also 4 papers are there. As per ICAI, a student must have completed the 8 subjects in 8-months.

Group 1 Exam Subjects

Paper 1- Accounting

This paper comprises of 100 marks. Topics covered in this Subject are-

  1. Process of formulation of Accounting Standards including Ind ASs (IFRS converged standards) and IFRSs; convergence vs adoption; objective and concepts of carve outs.
  2. Framework for Preparation and Presentation of Financial Statements (as per Accounting Standards)
  3. Application of Accounting Standards
  4. Company Accounts
  5. Accounting for Special Transactions
  6. Special Type of Accounting
  7. Dissolution of partnership firms including piecemeal distribution of assets; Amalgamation of partnership firms; Conversion of partnership firm into a company and Sale to a company; Issues related to accounting in Limited Liability Partnership.

Paper 2- Corporate and Other Laws.

The paper has 2 parts. One is company law, and another is other laws.

SECTION – A  Company Law

Topics covered in this Section are –

  1. Preliminary
  2. Incorporation of Company and Matters Incidental thereto
  3. Prospectus and Allotment of Securities
  4. Share Capital and Debentures
  5. Acceptance of Deposits by companies
  6. Registration of Charges
  7. Management and Administration
  8. Declaration and Payment of Dividend
  9. Accounts of Companies
  10. Audit and Auditors

Note- Students shall also note that sections of Companies Act, 1956 which are still in force will form part of your syllabus.

SECTION – B    Other Laws

Laws covered in this section are –

  1. The Indian Contract Act, 1872
  2. The Negotiable Instruments Act, 1881
  3. The General Clauses Act, 1897
  4. Interpretation of Statutes.

Paper 3- Cost and Management accounting 

This paper also consists of 100 marks

Topics covered under cost and management accounting are-

  • Overview of Cost and Management Accounting
    • Introduction to the Cost and Management Accounting.
    • Elements of cost and preparation of cost sheets.
  • Ascertainment of Cost and Cost Accounting System.
    • Material Cost
    • Employee Cost
    • Direct Expenses
    • Overheads
    • Concept of ABC analysis
    • Recording and Accounting of Costs
  • Methods of Costing –
    • Single Output/ Unit Costing
    • Job Costing
    • Batch Costing
    • Process / Operation Costing
    • Costing of Service Sectors
  • Cost Control and Analysis
    • Standard Costing
    • Marginal Costing
    • Budget and Budgetary control.

Paper 4- Taxation

This paper is divided into two sections. In section one income tax law has 50 marks and in section two indirect taxes have 50 marks also.

SECTION – A        Income Tax

This section covers topic like-

  1. Basic concepts
  2. Residential status and scope of total income
  3. Income which do not form part of the total income
  4. Heads of Income and computation of Income under various heads-
    1. Salaries
    2. Income from House Property
    3. Income from Business and Profession
    4. Capital Gains
    5. Income from other sources
  5. Income of other person’s included in assessee’s total income
  6. Aggregation of Income, Set off or Carry forward and set off of losses.
  7. Deduction from the Gross Total Income
  8. Computation of total income and tax liability of Individuals.
  9. Advance Tax, Tax deduction at source and Introduction to Tax Collection at Source
  10. Provisions for filing return of Income and Self Assessment.

SECTION – B        Indirect Taxes

Topics covered under this are-

  1. Concept of indirect taxes
  2. Concept and features of indirect taxes
  3. Principal indirect taxes
  4. Goods and Services Tax (GST) Laws
  5. GST Laws: An introduction including Constitutional aspects
  6. Levy and collection of CGST and IGST
  7. Application of CGST / IGST law
  8. Concept of supply including composite and mixed supplies
  9. Charge of tax
  10. Exemption from tax
  11. Composition levy

iii. Basic concepts of time and value of supply

  1. Input tax credit
  2. Computation of GST liability
  3. Registration

vii. Tax invoice; Credit and Debit Notes; Electronic way bill

viii. Returns

  1. Payment of tax including reverse charge

This is the entire syllabus of Group – 1 in Intermediate.

In group two of CA intermediate 4 papers are available. These are follows

Paper 5- Advanced accounting (100 marks paper)

A candidate should have to secure 40% to clear the paper.

Topics Covered by this Subject are-

  1. Application of Accounting Standards. (AS – 7,9,14,18,19,20,24,26,29)
  2. Application of Guidance Notes issued by the ICAI on specific accounting aspects.
  3. Special aspects of Company Accounts.
  4. Reorganization of Companies.
  5. Financial Reporting of Banking, Financial Services and Insurance.
  6. Valuation of Goodwill.
  7. Consolidated Financial Statements.

6- Auditing and Assurance (100 marks)

Topics covered in this subject are as follows –

  1. Nature, Objective, and Scope of Audit.
    1. Auditing Concepts.
    2. Standard Setting Process
    3. Engagement Standards
  2. Audit Strategy, Audit Planning, and Audit Programme
  3. Audit Documentation and Audit Evidence
  4. Risk Assessment and Internal Control.
  5. Fraud and Responsibilities of an Auditor in this regard.
  6. Audit in an Automated Environment.
  7. Audit Sampling.
  8. Analytical Procedures.
  9. Audit of Items of Financial Statements.
  10. The Company Audit
  11. Audit Report
  12. Audit of Banks
  13. Audit of Different types of Entities.

Paper 7- Enterprise information systems and strategic management (100 Marks)

This paper is divided into two sections one is enterprise information system and another is strategic management.

SECTION – A     Enterprise Information Systems

Topics covered in the above section are as follows –

  1. Automated Business Processes
  2. Financial and Accounting Systems.
  3. Information Systems and its Components.
  4. E-Commerce, M-Commerce and Emerging Technologies.
  5. Core Banking Systems.

SECTION – B     Strategic Management

Topics covered by this section are as follows-

  1. Introduction to Strategic Management.
  2. Dynamics of Competitive Strategy.
  3. Strategic Management Process.
  4. Corporate level strategies.
  5. Business Level Strategies.
  6. Functional Level Strategies.
  7. Organization and Strategic Leadership.
  8. Strategy Implementation and Control.

Paper 8- Financial Management and Economics for Finance (100 marks)

This paper also has two sections. One is financial management and another is Economics for Finance.

SECTION – A         Financial Management

Topics covered under this section are –

  • Financial Management and Financial Analysis.
    • Introduction to the Financial Management Functions
    • Financial Analysis through Ratios
  • Financing Decisions
    • Sources of Finance
    • Lease Financing
    • Cost of Capital
    • Capital Structure Decisions
    • Leverages
  • Capital Investment and Dividend Decisions
    • Capital Investment Decisions
    • Adjustment of Risk and Uncertainty in Capital Budgeting Decision
    • Dividend Decisions
  • Management of Working Capital

SECTION – B   Economics for Finance

Topics covered under this section are as follows-

  1. Determination of National Income
  2. Public Finance
  3. The Money Market
  4. The International Trade

This is the entire course at Intermediate Level of CA Course.

CA Final Syllabus

CA final exam is the last step towards becoming a successful Chartered Accountancy. The final level exam of CA consists of 8 subjects.

ICAI conducts this exam in two groups.

The first group comprises of:

Paper 1: Financial Reporting (100 Marks)

Topics covered in this subject at the Final level are-

  1. Application of Existing Accounting Standards (AS 15,21,23,25,27,28)

(you will also be required to apply other accounting standards if applicable in other questions).

  1. Application of Guidance Notes issued by the ICAI on Specified Accounting Aspects.
  2. Framework for the preparation and presentation of Financial Statements.
  3. Application of Indian Accounting Standards (IND AS).
  4. Consolidated and Separate Financial Statements (as per IND AS)
  5. Application of Industry-specific and Transaction-specific Indian Accounting Standards.
  6. Business Combinations and Accounting for Corporate Restructuring/ Demerger (As per IND AS).
  7. Accounting and Reporting of Financial Instruments (As per IND AS).
  8. Accounting for Share-Based Payments.(As per IND AS)
  9. Analysis of Financial Statements.
  10. Accounting for Carbon Credits
  11. Accounting for E-Commerce
  12. Emerging trends in Reporting.

Paper 2: Strategic Financial Management (100 Marks)

Topics covered under this subject are as follows –

  1. Financial Policy and Corporate Strategy.
  2. Indian Financial System.
  3. Risk Management.
  4. Security Analysis.
  5. Security Valuation
  6. Portfolio Management.
  7. Securitization
  8. Mutual Funds
  9. Derivatives Analysis and Valuation.
  10. Foreign Exchange Exposure and Risk Management.
  11. International Financial Management.
  12. Interest Rate Risk Management
  13. Corporate Valuation
  14. Mergers, Acquisition and Corporate Restructuring.
  15. International Financial Center (IFC).
  16. Startup Finance
  17. Small and Medium Enterprises

Paper 3: Advanced Auditing and Professional Ethics (100 Marks)

Topics Covered are as follows-

  1. Auditing Standards, Statements and Guidance Notes
  2. Audit Planning, Strategy and Execution.
  3. Risk Assessment and Internal Control.
  4. Special Aspects of Auditing in an Automated Environment.
  5. Audit of Limited Companies.
  6. Audit Reports
  7. Audit Reports and Certificates for Special Purpose Engagements.
  8. Audit Committee and Corporate Governance.
  9. Audit of Consolidated Financial Statements.
  10. Special Features of audit of Banks, Insurance and Non Banking Financial Companies.
  11. Audit under Fiscal Laws.
  12. Special Audit Assignments.
  13. Audit of Public Sector Undertakings.
  14. Liabilities of Auditors.
  15. Internal Audit, Management and Operational Audit.
  16. Due Diligence, Investigation and Forensic Audit.
  17. Peer Review and Quality Review.
  18. Professional Ethics.

Paper 4: Corporate and Economic Laws (100 Marks).

PART – 1 CORPORATE LAWS

This is further divided into two section, One is Company Law and the other one is Securities Law.

SECTION – A     Company Law

Topics Covered under Company Law are as follows –

Companies Act, 2013

  1. Appointment and Qualification of Directors.
  2. Appointment and Remuneration of Managerial Personnel.
  3. Meetings of Board and its Powers.
  4. Inspection, Inquiry and Investigation.
  5. Compromises, Amalgamations and Arrangements.
  6. Prevention of Oppression and Mismanagement.
  7. Winding Up.
  8. Producer Companies.
  9. Companies incorporated outside India.
  10. Miscellaneous Provisions.
  11. Compounding of Offences, Adjudication and Special Courts.
  12. National Company Law Tribunal and Appellate Tribunal.

Corporate Secretarial Practice

Drafting notices, Resolutions, Minutes.

SECTION – B    Securities Law

Topics covered under are as follows-

  1. The Securities Contract (Regulation) Act, 1956 and Securities Contract (Regulation) Rules, 1957. Introduction and Important Provisions.
  2. The Securities Exchange Board of India Act, 1992, SEBI (Issue of Capital and Disclosure Requirements) regulations, 2009 and SEBI(Listing Obligation and Disclosure Requirements) Regulations, 2015.

PART – 2     ECONOMIC LAWS

Topics covered are –

  1. The Foreign Exchange Management Act, 1999.
  2. The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002.
  3. The Prevention of Money Laundering Act, 2002.
  4. Foreign Contribution Regulation Act, 2010.
  5. The Arbitration and Conciliation Act, 1996.
  6. The Insolvency and Bankruptcy Code, 2016.

Group 2 papers 

  1. Paper 5: Strategic Cost Management and Performance Evaluation (100 marks)

The subject is divided into three categories-

  • Strategic Cost Management and Decision Making.
    • Strategic Cost Management
    • Strategic Decision Making
  • Performance Evaluation and Control
    • Performance Evaluation and Reporting
    • Managerial Control
  • Case Studies (Covering course Concepts)

PART – 1     STRATEGIC COST MANAGEMENT AND DECISION MAKING

SECTION – A         Strategic Cost Management

Topics covered by the above section are –

  1. Introduction to Strategic Cost Management
  2. Modern Business Environment
  3. Learn System and Innovation
  4. Cost Management Techniques
  5. Cost Management for Specific Sectors

SECTION – B        Strategic Decision Making

  1. Decision Making
  2. Pricing Strategies / Decisions

PART – 2  PERFORMANCE EVALUATION AND CONTROL

SECTION – A     Performance Evaluation and Reporting   

  1. Performance Measurement and Evaluation
  2. Divisional Transfer Pricing
  3. Strategic Analysis of Operating Income

SECTION – B    Managerial Control

  1. Budgetary Control
  2. Standard Costing

SECTION – C  Case Studies

It covers the Course Concepts

Note- Apart from the above topics application of the following Quantitative Techniques are required to be studied to linkage to course concepts –

  1. Linear Programming
  2. Learning Curve / Experience Curve.

Paper 6: Elective Paper

This is an elective paper. A candidate can choose from the variety of subjects

6A Risk Management, 6B Financial Services, and Capital Markets, 6C International Taxation, 6D Economic Laws, 6E Global Financial Reporting Standards, 6F Multi-disciplinary Case Study

PAPER – 6A         RISK MANAGEMENT

Topics Covered –

  1. Introduction to Risk
  2. Source and Evaluation of Risks.
  3. Risk Management.
  4. Quantitative Analysis
  5. Risk Model
  6. Credit Risk Measurement and Management.
  7. Risk Associated with the Corporate Governance.
  8. Enterprise Risk Management.
  9. Operational Risk Management.

Following topics covered in SFM and LAW will also form part of this syllabus –

  1. Risk Management in Investment Decisions.
  2. Foreign Exchange Risk.
  3. Interest Rate Risk.

PAPER – 6B     FINANCIAL SERVICES AND CAPITAL MARKETS

Topics covered by this subject are as follows –

  1. Global Financial Markets
  2. Impact of Various policies of Financial Markets
  3. Capital Market – Primary
  4. Capital Market – Secondary
  5. Money Market
  6. Institutions and Intermediaries
  7. Commodity Market
  8. A. Banking Management
  9. Banking as a source of capital including NBFC’s
  10. Mutual Funds
  11. Private Equity
  12. Investment Banking
  13. Credit Rating
  14. Treasury Operations
  15. Risk Management
  16. Credit Derivatives
  17. SEBI Guidelines

Following topics which are covered in SFM and LAW will  also form part of the syllabus-

  1. Securitization
  2. Fixed Income Securities (Valuation of Bonds/ Debentures)
  3. Derivatives
  4. Interest Rate Risk
  5. The Securities and Exchange Board of India Act, 1992
  6. Legislative framework on listing agreements
  7. The Securities Contract (Regulation) Act, 1956
  8. Chapter III-D of the RBI Act, 1934

PAPER – 6C    INTERNATIONAL TAXATION

Further it is divided into two sections-

  1. Taxation of International Transactions and Non- Resident Taxation in India
  2. Other aspects of International Taxation

SECTION – A  Taxation of International Transactions and Non- Resident Taxation in India

Topics covered in this subject are as follows –

  1. Transfer Pricing Provisions under the INCOME TAX Act, 1961.
  2. Arm’s Length Price
  3. International Transactions

iii. Most Appropriate Method

  1. Functions, Assets and Risk Analysis
  2. Documentation & Compliances
  3. Specific Reporting Regime in respect of Country by Country reporting and master file

vii. Advance Pricing Agreements

  1. Other Provisions relating to taxation of international transactions and non-resident taxation under the Income-tax Act, 1961
  1. Non-resident Taxation (including Source Rule of Taxation)
  2. Double Taxation Relief

iii. Advance Rulings

  1. Law and Procedures under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 – An Overview.

SECTION – B    Other Aspects of International Transaction

The topics covered by this topics are as follows –

  1. Overview of Model Tax Conventions.
  2. OECD Model Tax Convention
  3. UN Model Tax Convention

iii. US Model Tax Convention

  1. Tax treaties, Application, and Interpretation
  2. Features of Tax treaties
  3. Overview of Tax Information Exchange Agreements

iii. Commentaries and their importance

  1. Role of Vienna Convention in application and interpretation of tax treaties
  2. Anti Avoidance Measures
  3. Controlled Foreign Corporations
  4. Base Erosion and Profit Shifting

iii. Other Anti Avoidance Measures

  1. Taxation of E-Commerce Transactions
  2. Introduction
  3. Emerging issues

iii. Equalisation levy

PAPER – 6D        ECONOMICS LAWS   

Topics covered under this subject are as follows –

  1. World Trade Organization (WTO) covering its Role, Principles, Functions and Dispute Settlement Mechanism
  2. Competition Act, 2002 and Rules/ Regulations
  3. Real Estate (Regulation and Development) Act, 2016 [Central Act and Rules/ Regulations]
  4. Insolvency and Bankruptcy Code, 2016 and Rules/ Regulations
  5. Prevention of Money Laundering Act, 2002 and Rules/ Regulations
  6. Foreign Exchange Management Act, 1999 and Rules/ Regulations
  7. Prohibition of Benami Property Transactions Act, 1988 and Rules/ Regulations

PAPER – 6E    GLOBAL FINANCIAL REPORTING STANDARDS

Topics Covered –

  1. Conceptual Framework for Financial Reporting as per IFRS – 10 Marks
  2. Application of International Financial Reporting Standards – 70 Marks
  3. Significant differences between IFRS and US GAAPs – 20 Marks

PAPER – 6F     MULTI-DISCIPLINARY  CASE STUDY

Topics covered –

This paper will include Case Studies covering the following areas.

  1. Financial Accounting and Reporting
  2. Audit and Assurance
  3. Taxation
  4. Finance and Financial Management
  5. Management Accounting
  6. Corporate Laws
  7. Business Strategy and Management

Paper 7: Direct Tax Laws & International Taxation

This paper is divided into two parts. One is Direct tax laws and another is International taxation.

SECTION – A        Direct Taxation

Topics Covered –

Law and Procedures under the Income-tax Act, 1961

  1. Basis of charge, residential status, income which do not form part of total income, heads of income, income of other persons included in assessee’s total income, aggregation of income,  set-off and carry forward of losses, deductions from gross total income, rebates and reliefs
  2. Special provisions relating to companies and certain persons other than a company
  3. Provisions relating to charitable and religious trusts and institutions, political parties and electoral trusts
  4. Tax Planning, Tax Avoidance & Tax Evasion
  5. Collection & Recovery of Tax, Refunds
  6. Income-tax Authorities, Procedure for assessment, Appeals and Revision
  7. Settlement of Tax Cases, Penalties, Offences & Prosecution
  8. Liability in Special Cases
  9. Miscellaneous Provisions and Other Provisions

SECTION – B         International Taxation

Topics Covered –

  1. Taxation of international transactions and Non-resident taxation
  2. The provisions under the Income-tax Act, 1961, including
  3. Specific provisions relating to Non-residents
  4. Double Taxation Relief
  5. Transfer Pricing & Other Anti-Avoidance Measures
  6. Advance Rulings
  7. Equalization levy
  8. Overview of Model Tax Conventions – OECD & UN
  9. Application and interpretation of Tax Treaties
  10. Fundamentals of Base Erosion and Profit Shifting

Paper 8: Indirect Tax Laws

 SECTION – A     Goods and Service Tax

OBJECTIVE

To acquire the ability to analyze and interpret the provisions of goods and services tax law and recommend solutions to practical problems.

Topics Covered –

  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
  2. Constitutional aspects
  3. 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

  1. Time and Value of supply
  2. Input tax credit
  3. Computation of GST liability

vii. Procedures under GST – All procedures including registration, tax invoice, credit and debit notes, electronic way bill, accounts and records, returns, payment of tax including reverse charge, refund, job work

viii. Provisions relating to electronic commerce

  1. Liability to pay in certain cases
  2. Administration of GST; Assessment and Audit
  3. Inspection, Search, Seizure and Arrest

xii. Demand and Recovery

xiii. Offences and Penalties

xiv. Advance Ruling

  1. Appeals and Revision

xvi. Other provisions

SECTION – B         Customs & FTP

Topics Covered –

  1. Customs Law as contained in the Customs Act, 1962 and the Customs Tariff Act, 1975
  2. Introduction to customs law including Constitutional aspects
  3. Levy of and exemptions from customs duties – All provisions including the application of customs law, taxable

the event, a charge of customs duty, exceptions to levy of customs duty, exemption from custom duty

iii. Types of customs duties

  1. Classification and valuation of imported and export goods
  2. Officers of Customs; Appointment of customs ports, airports etc.
  3. 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

viii. Warehousing

  1. Drawback
  2. Demand and Recovery; Refund
  3. Provisions relating to prohibited goods, notified goods, specified goods, illegal importation/exportation of goods

xii. Searches, seizure and arrest; Offences; Penalties; Confiscation and Prosecution

xiii. Appeals and Revision; Advance Rulings; Settlement Commission

xiv. Other provisions

  1. Foreign Trade Policy to the extent relevant to the indirect tax laws
  2. Introduction to FTP – legislation governing FTP, salient features of an FTP, administration of FTP, contents of

FTP and other related provisions

  1. Basic concepts relating to import and export of goods

iii. Basic concepts relating to export promotion schemes provided under FTP

So this is the complete syllabus for CA course from Level Foundation to Final. If you’re planning to prepare for CA course, then do consider Paras Institute of Commerce Pvt Ltd for your preparation.

Leave a Comment

Your email address will not be published. Required fields are marked *