CA Final Paper 5: IDT study guide
CA Final Paper 5: IDT · Work through your exam, one topic at a time.
Paper 5, Indirect Tax Laws, is the indirect-tax component of the CA Final examination under the Chartered Accountants curriculum. It is written for candidates who have completed the Intermediate level and are preparing to practise as chartered accountants. The CA Final Paper 5: IDT study guide has 11 sections and about 4,002 words.
01Constitutional Framework, Levy, Supply and Charge of GST
This domain tests the constitutional basis of GST, the charging sections, and the concept of supply that decides whether a transaction is taxable at all. The 101st Constitutional Amendment inserted Articles 246A, 269A and 279A.
415 words, about 2 min02Place, Time and Value of Supply and Exemptions
This domain tests the three determinants of every GST transaction: where the supply occurs, when it is taxed, and on what value. Exemptions then remove specified supplies from the charge.
409 words, about 2 min03Input Tax Credit, Registration, Invoicing, Accounts and E-Way Bill
This domain tests the conditions for taking ITC, the blocked and apportioned credits, registration thresholds and compulsory registration, invoice content, record retention and e-way bill mechanics. Section 16 requires possession of a tax invoice or debit note, receipt of goods or services, actual payment of tax to the government, and furnishing of the return.
393 words, about 2 min04Returns, Payment, Refunds, Assessment, Audit, Search and Demands
This domain tests the compliance cycle: periodic returns, payment through electronic ledgers, refund mechanics, assessment and audit powers, inspection and search, and recovery of short-paid tax. Sections 37 and 39 govern outward supply returns and periodic returns, principally GSTR-1 and GSTR-3B.
381 words, about 2 min05Appeals, Revision, Advance Ruling, Offences, Penalties and Transition
This domain tests appellate remedies, the advance ruling mechanism, penal and prosecution provisions, and the transitional framework that carried credits and pending proceedings into GST. Section 107 allows a first appeal within three months, with a further 30 days for sufficient cause, on pre-deposit of 10% of disputed tax, capped at ₹20 crore each under CGST and SGST.
357 words, about 2 min06Customs Levy, Types of Duties, Valuation and Drawback
This domain tests the charging provisions of the Customs Act, 1962, the several duties imposed at import, the valuation rules, and drawback on re-export or export of duty-paid goods. Section 12 charges customs duty on goods imported into or exported from India.
344 words, about 2 min07Import/Export Procedures, Warehousing, Baggage and Postal Goods
This domain tests the documents and timelines for clearing imports and exports, bonded warehousing, the baggage concession, and postal import clearance. An importer files a bill of entry under section 46, either for home consumption or for warehousing, after the import general manifest is filed.
365 words, about 2 min08Customs Appeals, Settlement, Offences and Allied Laws
This domain tests customs appellate remedies and pre-deposit, the settlement mechanism, offence and confiscation provisions, and the allied laws of FEMA and COFEPOSA. Section 128 provides a first appeal to the Commissioner (Appeals) within 60 days.
330 words, about 2 min09IGST and Inter-State Supply Mechanics
This domain tests when a supply is inter-State or intra-State, how IGST is levied and collected, zero-rating, and deemed inter-State supplies. Section 7 of the IGST Act deems a supply inter-State where the location of the supplier and the place of supply are in different States or Union Territories.
327 words, about 2 min10Foreign Trade Policy, SEZ, EOUs and Export Promotion Schemes
This domain tests the Foreign Trade Policy framework, Special Economic Zones, Export Oriented Units, and the principal export promotion schemes. The Foreign Trade (Development and Regulation) Act, 1992 empowers the Central Government to make the Foreign Trade Policy, administered by the DGFT.
347 words, about 2 min11Tax Practice, Procedure and Professional Ethics in Indirect Taxation
This domain tests how an indirect tax professional accepts work, verifies facts, advises on GST and customs positions, represents clients, and maintains ethical standards. Professional work should begin with a written engagement letter defining scope, responsibility and fees.
334 words, about 2 min