CA Final Paper 5: IDT study plan
CA Final Paper 5: IDT · Give each week a clear focus.
8 weeks · About 7 hours per week
Goods and Services Tax (GST) - Constitutional framework, levy, supply, and charge of tax & Integrated Goods and Services Tax (IGST) and inter-state supply mechanics
Map the constitutional allocation of taxing powers (Articles 246A, 269A, 279A) and state which legislature can levy which tax on a given fact pattern
Distinguish taxable supply from Schedule I, II and III activities and classify ten mixed fact patterns into the correct schedule
Compute charge of tax including reverse charge, composition levy eligibility and the section 9(3)/9(4) mechanics
Trace how inter-state supply is determined under IGST section 7 and 8 and contrast with intra-state supply
Draft a one-page decision tree linking supply type to the correct tax head (CGST/SGST/IGST)
Your checkpoint
A 25-question self-made MCQ set with cited statutory references and a worked answer key covering levy, supply and charge of tax
GST - Place of supply, time of supply, value of supply, and exemptions
Apply the place of supply rules for goods and services, including bill-to/ship-to and immovable property cases, to twelve fact patterns
Determine time of supply under forward charge, reverse charge and continuous supply scenarios
Compute value of supply where consideration is not wholly in money, includes subsidies, or is between related persons
Identify the correct exemption notification for a given service and justify the entry relied upon
Reconcile transaction value, discount treatment and valuation rules in a single computation sheet
Your checkpoint
A valuation and place-of-supply workbook with twelve solved case studies showing the rule applied and the final tax head and amount
GST - Input Tax Credit, registration, invoicing, accounts, and e-way bill
Test eligibility and blocking of input tax credit under sections 16 and 17, including the 180-day payment rule and rule 42/43 apportionment
Prepare a registration application checklist covering threshold, compulsory registration, and aggregate turnover computation
Draft a compliant tax invoice, credit note and bill of supply for specified scenarios
Explain e-way bill generation, validity, extension and detention consequences with worked timelines
Reconcile GSTR-2B with purchase register and quantify eligible versus ineligible credit
Your checkpoint
A completed ITC reconciliation sheet plus a rule 42/43 worked example with the final credit reversal figure
GST - Returns, payment, refunds, assessment, audit, inspection, search, seizure, and demands
Sequence the monthly and annual returns, including GSTR-1, 3B, 9 and 9C, and state the due dates and late fee consequences
Compute interest under section 50 on delayed payment and distinguish it from late fee
Identify the two-year and other limitation windows for refund claims and list the documents required for each refund category
Outline the assessment, audit, inspection, search and seizure powers and the safeguards attaching to each
Draft a reply to a show cause notice raising a demand under section 73 or 74, distinguishing fraud from non-fraud cases
Your checkpoint
A model reply to a section 73 show cause notice with a computation of tax, interest and penalty and a limitation analysis
GST - Appeals, revision, advance ruling, offences, penalties, and transitional provisions & Tax practice, procedure, and professional ethics in indirect taxation
Chart the appeal route from adjudicating authority to Appellate Tribunal and High Court, noting pre-deposit percentages and time limits
Explain revision, rectification and advance ruling procedures including the effect of a ruling
Classify offences and compute penalties under sections 122 to 125 for given fact patterns
Apply transitional provisions to a migrating taxpayer's carried-forward credit scenario
Apply the professional ethics obligations of a chartered accountant when advising on a disputed demand
Your checkpoint
A one-page appeal and limitation flowchart plus a solved penalty computation for three offence scenarios
Customs - Levy, types of duties, valuation, and duty drawback & Customs - Import/export procedures, warehousing, baggage, and postal goods
Compute assessable value under section 14 including the treatment of freight, insurance, landing charges and related-party transactions
Distinguish basic customs duty, IGST on imports, social welfare surcharge and anti-dumping or safeguard duties in a single import computation
Apply duty drawback rules, including the All Industry Rate and Brand Rate routes, and compute the drawback amount
Sequence import and export procedures from bill of entry to out-of-charge, including warehousing and bonded goods
Apply baggage rules and postal goods provisions to passenger and consignment scenarios
Your checkpoint
A full import duty computation template with three worked examples covering drawback and warehousing
Customs - Appeals, settlement, offences, and allied laws (FEMA, COFEPOSA) & Foreign Trade Policy, SEZ, EOUs, and export promotion schemes
Outline customs appeal and settlement mechanisms, including the Settlement Commission transition and pre-deposit requirements
Summarise FEMA provisions on current and capital account transactions relevant to exporters and importers
Explain COFEPOSA detention grounds and the safeguards available to a detained person
Compare SEZ, EOU and export promotion scheme benefits and the conditions attaching to each
Link Foreign Trade Policy provisions on export obligation and EPCG to the corresponding customs duty implications
Your checkpoint
A comparative table of SEZ, EOU and EPCG benefits with a one-page note on FEMA and COFEPOSA essentials
Goods and Services Tax (GST) - Constitutional framework, levy, supply, and charge of tax & GST - Place of supply, time of supply, value of supply, and exemptions & GST - Input Tax Credit, registration, invoicing, accounts, and e-way bill & GST - Returns, payment, refunds, assessment, audit, inspection, search, seizure, and demands & GST - Appeals, revision, advance ruling, offences, penalties, and transitional provisions & Customs - Levy, types of duties, valuation, and duty drawback & Customs - Import/export procedures, warehousing, baggage, and postal goods & Customs - Appeals, settlement, offences, and allied laws (FEMA, COFEPOSA) & Integrated Goods and Services Tax (IGST) and inter-state supply mechanics & Foreign Trade Policy, SEZ, EOUs, and export promotion schemes & Tax practice, procedure, and professional ethics in indirect taxation
Complete a full-length timed mock covering all eleven domains and score your performance by domain
Re-work every incorrect answer and record the statutory provision missed
Recompute the five weakest topics using fresh fact patterns rather than rereading notes
Consolidate a one-page revision sheet of limitation periods, due dates, pre-deposits and penalty slabs
Simulate an exam-day schedule allocating time by domain weight
Your checkpoint
A scored full-length mock with a written error log and a final one-page revision sheet of rates, limits and deadlines
Milestones
Week 2: Score at least 70 percent on a self-made 30-question test covering domains 1, 2 and 9, and complete the valuation workbook with all twelve cases reconciled
Week 4: Produce a correct ITC reconciliation and a section 73 reply that identifies the limitation period and computes interest without arithmetic error
Week 6: Compute a complete import duty statement including drawback and warehousing for all three worked examples with no missed duty component
Week 8: Achieve at least 60 percent overall on the timed mock with no domain scoring below 40 percent, and file a completed error log