CS Professional Paper 7.2 Important and Expected Questions 2026 – GST & Corporate Tax Planning

CS Professional Paper 7.2 Important and Expected Questions 2026 – GST & Corporate Tax Planning

The CS Professional Paper 7.2 Important and Expected Questions 2026 resource helps students revise key concepts from Goods and Services Tax (GST) and Corporate Tax Planning. It includes conceptual questions, practical problems and case-based questions designed to support exam preparation.

The paper carries 100 marks, divided into 70 marks for GST and 30 marks for Corporate Tax Planning. Students should use these questions alongside the prescribed ICSI study material, previous-year papers and the latest applicable supplements.

FAQs 

1. What are the important topics for CS Professional Paper 7.2?

Important preparation areas include supply, time and value of supply, ITC, GST liability, procedural compliance, assessment, corporate tax planning and business restructuring.

2. How many marks does GST carry in Paper 7.2?

GST carries 70 marks out of the total 100 marks.

3. How many marks does Corporate Tax Planning carry?

Corporate Tax Planning carries 30 marks.

4. Are these expected questions guaranteed to appear in the examination?

No. These are practice questions based on the syllabus. The actual examination may include questions from any prescribed topic.

5. Which GST numerical questions should students practise?

Students should practise questions on valuation, time of supply, ITC, GST liability and other calculations covered by the prescribed syllabus.

6. What should students study in Corporate Tax Planning?

Students should cover corporate tax planning principles, the nature and location of business, managerial decisions and business restructuring.

7. Are case-based questions important for Paper 7.2 preparation?

Yes. Case-based practice helps students apply statutory provisions to practical situations and explain their reasoning clearly.

8. Should students solve previous-year papers?

Yes. Previous-year papers help students understand actual question styles, practise time management and identify areas requiring revision.

9. Are the latest amendments relevant to Paper 7.2?

Students should study the ICSI supplements and applicable amendments prescribed for their examination session.

10. Where can students find official CS Professional Paper 7.2 question papers?

Students can visit the ICSI previous-session question papers portal and locate Paper 7.2 under the relevant session.

11. Are practical questions important for CS Professional Paper 7.2 GST and Corporate Tax Planning?

Yes. Practical questions help students apply statutory provisions to real-world tax situations. Students should practise GST calculations, ITC eligibility, valuation, tax liability, and corporate tax

computations while supporting their answers with relevant provisions wherever required.

12. How can students identify important questions for CS Professional Paper 7.2?

Students should review the official ICSI syllabus, study material, previous-year question papers, and applicable examination-session supplements. These resources help identify key concepts and recurring

question formats, but no list can guarantee the exact questions that will appear in the examination.