CMA Final Paper 19 Indirect Tax Laws and Practice Syllabus and Exam Pattern

CMA Final Paper 19 Syllabus and Exam Pattern

CMA Final Paper 19 (ITLP)  Indirect Tax Laws and Practice (ITLP) is a paper of Group IV of CMA Final Course as per the Syllabus 2022. The paper comprises the comprehensive details of all the important provisions of GST along with Customs laws & procedures. When choosing between this paper, which carries 70% weightage of GST and 30% weightage of Customs, it is important for the students to understand the syllabus and Exam pattern.

FAQs 

1. What is the weightage of GST in Paper 19?

GST carries 70% weightage in CMA Final Paper 19.

2. What is the weightage of Customs in Paper 19?

The Customs Act and Rules section carries 30% weightage.

3. How many marks is CMA Final Paper 19?

Paper 19 carries 100 marks.

4. What is the duration of the Paper 19 examination?

The CMA Final examination is conducted for three hours. 

5. Which topics are included in the GST section?

The GST section includes supply, time and place of supply, valuation, ITC, zero-rated supplies, TDS/TCS, e-way bill, refunds, returns, accounts and records, annual return, transitional provisions, dispute resolution and other prescribed topics.

6. Which topics are included in the Customs section?

The Customs section includes valuation, related party transactions, customs procedures, manufacture in bond, duty drawback, refunds, trade facilitation, export promotion schemes and SEZ provisions.

7. Is Paper 19 part of Group IV?

Yes. Paper 19, Indirect Tax Laws and Practice, is part of Group IV of the CMA Final Course under Syllabus 2022.

8. Should students practise MCQs for Paper 19?

Yes. MCQ practice helps students revise important provisions and improve accuracy. ICMAI provides an official Paper 19 MCQ Bank under Syllabus 2022.

9. Are amendments important for CMA Final Paper 19?

Yes. Students should study the amendments and statutory updates applicable to their examination term along with the prescribed study material.

10. How much weightage is given to Indian Accounting Standards in Paper 18?

Indian Accounting Standards carry 25% weightage in CMA Final Paper 18, making it the highest-weighted individual section of the syllabus. Students should understand the relevant Ind AS provisions

along with their practical application in financial reporting.

11. What is the weightage of Business Combination and Restructuring in Paper 18?

The section on Accounting for Business Combination and Restructuring carries 20% weightage. It focuses on accounting treatment and reporting requirements in compliance with applicable Ind AS

provisions.

12. How important are Consolidated and Separate Financial Statements in Paper 18?

Consolidated and Separate Financial Statements carry 20% weightage in Paper 18. Students should prepare the relevant concepts and application-based accounting requirements thoroughly as part of their

examination preparation.