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GST Amendments for CA Final and IPCC November 2018 Exams Indirect Tax Laws Paper!

GST Amendments | November 2018 CA Final Exam | November 2018 CA IPCC Exam | Syllabus


As you know, ICAI, from time to time, updates the syllabus for the CA exams as and when new amendments are made to the law.

The November 2018 exam isn’t any different. With the introduction of GST Amendments in 2017, there was a major change in the syllabus, especially in those related to indirect tax laws. This is because all the previous indirect tax laws such as VAT, sales tax, etc. have now been subsumed under GST.

In this page, we will talk about all the relevant GST amendments applicable for the CA IPCC November 2018 exam and the CA Final November 2018 exams.

We will also link you to videos and other study material where you can get into these concepts in detail.

Click on the sign up button below to access the free content now. Or you can continue reading if you prefer. :)

What are the Indirect Tax Laws in India?

Indirect taxes (IDT) are those taxes collected by an intermediary, e.g., retail store from the consumer. The intermediary files a tax return and forwards the tax proceeds to the government. Contrast this with direct taxes where the government collects the tax directly from the person on whom it is imposed.

Examples of indirect tax (IDT) include sales tax, value add tax, etc.

In India, in the past, there have been a number of indirect taxes applied by the government. 

Indirect taxes (such as sales tax, per unit tax and VAT) in India have now all been brought together under a single taxation scheme known as GST (Goods and Services Tax). This makes it easier for all parties involved. GST is levied on the supply of goods and services. It is levied at every stage of the production process. However, it is to be refunded to all parties at various stages of production apart from the final consumer. 

GST aims to address concerns that normally arises from the implementation of indirect tax laws. Historically, people view indirect tax laws as regressive. This is because such taxes are imposed equally among taxpayers regardless of their income. So, it becomes a great burden on the poor.

The GST laws divide goods and services into five tax slabs for collection. So-called luxury goods are taxed higher. The thought is that only the richer strata of society buy these luxury goods. Hence the higher rate.

The process of tax payment and collection has also been streamlined with the advent of an online portal. Businesses whose turnover exceeds Rs. 20 lakhs need to register under GST as a normal taxable person. For many businesses registration is mandatory. If you continue doing business even though you are supposed to register under GST, you will be subject to heavy fines and penalties.

Not only that, there are various schemes and laws under GST. We've already mentioned that goods and services are taxed under various slabs. Also, GST rates and registration requirements vary according to which state a business is registered in and conducts business.

ICAI, in the syllabus for its exams, goes over all this in detail. They go into detail such as who has to register, how to value goods for various tax slabs, etc. Everything up to date according to the latest laws!

As you can imagine, the areas covered under GST and indirect laws are vast and varied. So, now let's take a look at the broad topic areas before moving on to specifics. We will concentrate on the topics covered under GST for the CA IPCC November 2018 Exam as well as the CA Final November 2018 Exam.



GST Amendments Applicable for CA IPCC November 2018 Exam

For the CA IPCC November 2018 Exam, the syllabus covers the areas shown in the infographic.

The relevant GST Amendments covers all the broad topic areas shown. We won't talk about all the areas here. 


We invite you to download all the study notes regarding the material by clicking on the button below.

[Download Here]

If you prefer to watch CA video lectures, click on the link below:

Watch all the videos related to GST amendments applicable for November 2018 CA IPCC Here

GST Amendments Applicable for CA IPCC November 2018 Exam

GST Amendments Applicable for CA Final November 2018 Exam

The CA Final GST Amendments for November 2018 paper is split into two parts:

  • Goods and Services Tax
  • Customs Duty

The syllabus covers the areas shown in the infographic.

As you can see, it covers many of the topics in CA IPCC exam. The difference is that it expands and elaborates on them. Not only that, more topics are added.

And because of this, we can’t go into depth on all the topics we’ve outlined. That’s why, we’ve created downloadable study notes that cover the applicable GST amendments in detail.

Click on the button below to get them.

[Download Study Notes Here]

And if you are more of a visually inclined human, click on the image below to watch the CA Final video lectures on GST Amendments.


CA Final #GSTAmendments For #November2018 Exam - Part 1/4 | #LearnCab



Previous and Sample Question Papers For Indirect Tax Laws (IDT) 

  1. Due to the change in syllabus, ICAI has released a set of updated mock test papers pertaining to it. You can view them here.
  2. To get an idea of the question format in past question papers, you can download them here.
  3. For study material relevant for November, 2018 examinations-Paper-8: Indirect Tax Laws,  click on this link.
  4. For study material related to e-Way Bill, click here