With the implementation of Goods & Services Tax (GST) w.e.f July 1, 2017, ICSI (Institute of Company Secretaries of India) have notified the change of syllabus/modules to the students of Executive and Professional Programme appearing in December 2017 examination.
The selected topics of Part B of the syllabus for “Advance Tax Laws and Practice” (Module 3 Paper 7) of Professional Programme has been replaced with “Goods and Services Tax” for December, 2017 examinations.
| Course | Subject | Old Syllabus | New Syllabus |
| CS Executive | Tax Laws and Practice | IDT (30 Marks) | GST (30 Marks) |
| CS Professional | Advanced Tax Laws and Practice | IDT (70 Marks) | GST (70 Marks) |
Similarly, in the syllabus of Executive Programme Part B (Marks 30) for “Tax Law and Practice” Paper (Module – 1, Paper – 4) has been replaced with “The Goods & Services Tax” for December, 2017 examinations.
Goods and Services Tax, is a comprehensive tax levy on manufacture, sale and consumption of goods and services at a national level.
For Executive Programme
The syllabus for Part-B of “Tax Law and Practice” Paper Module – 1 Paper – 4 (30 Marks) for Executive Programme for December, 2017 exam shall be as under:
- The Central GST Act, 2017
- The Integrated GST Act, 2017
- The Union Territory GST Act, 2017
- The GST (Compensation to States) Act, 2017
The rules relating to “Goods and Service Tax” regime shall not be applicable for December, 2017 exam.
Note:
- Questions relating to Service Tax Laws and Value Added Tax will not be asked in December, 2017 exam.
- There is no change in the syllabus of Part A – Income Tax (70 Marks) of Tax Laws and Practice Paper (Module – 1 Paper – 4) of Executive Programme.
*Supplement relating to Indirect Tax covering the “Goods and Service Tax” will be uploaded at ICSI website under academic corner shortly.
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For Professional Programme
The syllabus of Part B (70 Marks) of “Advance Tax Law and Practice” Paper (Module – 3, Paper– 7) for Professional Programme for December, 2017 exam shall be as under:
Part B: Customs Laws & Goods and Service Tax (70 marks)
Customs Law
1. Introduction
- Special Features of Indirect Tax Levies – All Pervasive Nature, Contribution to Government Revenues; Constitutional Provisions Authorizing the Levy and Collection of Customs.
2. Customs Laws
- Levy of Customs Duties, Types of Customs Duty Leviable, Tariff Classification & Exemptions, Valuation of Imported and Exported goods.
- Provision of Assessment, Payment of Duties, Recovery and Refund of Customs Duties.
- Duty Drawback.
- Procedure for Clearance of Imported and Exported Goods.
- Transportation and Warehousing.
- Confiscation of Goods and Conveyances and Imposition of Penalties; Search, Seizure and Arrest, Offences and Prosecution Provisions.
- Adjudication, Appeal and Revision; Settlement of Cases, Advance Ruling.
- Other Relevant Areas and Case Studies under Custom Laws and Rules.
3. Promissory Estoppel in Fiscal Laws – Principles and Applicability with reference to Indirect Taxes.
4. Tax Planning and Management – Scope and Management in Customs, with Specific Reference to important Issues in the Respective Areas.
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Goods And Service Tax (GST)
a.) The Central GST Act,2017
b.) The Integrated GST Act, 2017
c.) The Union Territory GST Act, 2017
d.) The GST (Compensation to States) Act, 2017
The rules relating to GST regime shall not be applicable for December, 2017 exam.
Note:
- Questions relating to Central Excise Laws, Service Tax Laws and Value Added Tax will not be asked in December, 2017 exam.
- There is no change in the syllabus of Part A – Direct Tax Management (30 Marks) of Advance Tax Laws and Practice Paper (Module – 3 Paper –7) of Professional Programme.
*Supplement relating to Indirect Tax covering the Customs Laws & Goods and Service Tax will be uploaded at ICSI website under academic corner shortly.
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