🌳 CA Final · Paper 5 COMING SOON

Indirect Tax Laws

GST end-to-end — levy to appeals — plus customs valuation and Foreign Trade Policy.

Free tier first, always. 20 MCQs a day, no card.

Full syllabus — 32 chapters

Inside Indirect Tax Laws

ICAI Study Material · latest edition (GST 24 ch + Customs/FTP 8 ch)

Part I — Goods and Services Tax

  1. Supply under GSTSection 7 — composite vs mixed supply, schedule II inclusions; supply classification errors cascade through the entire computation.
  2. Charge of GSTLiability, RCM entries, TDS/TCS under GST — RCM scenarios on legal services and GTA are tested almost every attempt.
  3. Place of SupplySections 10–13 — B2B vs B2C, online services, intermediaries; PoS is the most frequently tested conceptual chapter in GST.
  4. Exemptions from GSTNotification-based and threshold exemptions — pure services, health, education edge cases appear as case-scenario MCQs regularly.
  5. Time of SupplyForward charge vs RCM ToS, continuous supply of services — 4–6 marks; small chapter, big marks if you know the tie-breakers.
  6. Value of SupplySection 15 + valuation rules — related party, pure agents, discounts; valuation is a consistent 8–12 mark computation question.
  7. Input Tax CreditSections 16–17, blocked credits, proportionate reversal — ITC is the highest-weightage GST chapter; never skip the exceptions list.
  8. RegistrationThreshold, mandatory, casual taxable person, OIDAR — registration scenarios appear as short case MCQs; know the 30-day rule cold.
  9. Tax Invoice, Credit and Debit NotesMandatory fields, time limits, e-invoicing applicability — compliance-layer chapter, 4–6 marks, often tested with returns.
  10. Accounts and Records; E-way BillRetention period, job-work records, e-way bill thresholds and exceptions — combined chapter with predictable 5–6 mark questions.
  11. Payment of TaxElectronic credit/cash ledger, order of utilisation, IGST credit set-off — computation questions are straightforward if the priority order is memorised.
  12. Electronic Commerce TransactionsTCS by e-commerce operators, section 9(5) services — short but tested as case-scenario MCQs in nearly every recent paper.
  13. ReturnsGSTR-1/2B/3B cascade, annual return, reconciliation — returns compliance is tested for due dates, consequences, and QRMP eligibility.
  14. Import and Export Under GSTIGST on imports, zero-rating, LUT/bond for exports — export refund chain and zero-rated supply test is a reliable 6–8 mark question.
  15. RefundsSection 54 — inverted duty, export, unjust enrichment bar; refund computation and restriction conditions tested in most attempts.
  16. Job WorkSection 143 — time limits, deemed supply, no need for registration; conceptual 4–5 marks; often paired with ITC reversal scenarios.
  17. Assessment and AuditSelf-assessment, scrutiny, GST audit by officer — process and timelines tested as short theory; 4–6 marks steady fixture.
  18. Inspection, Search, Seizure and ArrestSections 67–72 — powers, provisional release conditions; scenario-based 5–6 marks, tested more frequently post-GST maturity.
  19. Demands and RecoverySections 73 vs 74, extended period, pre-SCN consultation — demand computation with interest and penalty is a recurring 8–10 mark question.
  20. Liability to Pay in Certain CasesTransfer of business, agent liability, partners/directors — liability-piercing scenarios; 5–6 marks conceptual, easy to score.
  21. Offences and Penalties and Ethical Aspects under GSTSection 122 penalty grid, non-fraud vs fraud, compounding — penalty computation is low-hanging marks if you memorise the rate differentials.
  22. Appeals and RevisionPre-deposit quantum, Appellate Authority vs GSTAT — procedural chapter; examiners test timelines and powers each attempt.
  23. Advance RulingWho can apply, binding scope, AAR vs AAAR — 4–6 mark theory; know the limitation that rulings don't bind other taxable persons.
  24. Miscellaneous ProvisionsSection 168 instructions, anti-profiteering — short chapter, 4 marks MCQ; know DGAP's role and NAA powers.

Part II — Customs & Foreign Trade Policy

  1. Levy of and Exemptions from Customs DutySection 12 charge, notifications, project imports — customs opens Part II; exemption notification interpretation is 6–8 marks.
  2. Types of DutyBCD, IGST, SWS, CVD/ADD/safeguard — duty-type identification in import scenarios appears most attempts; know the calculation sequence.
  3. Classification of Imported and Export GoodsHSN, general interpretation rules, section/chapter notes — classification disputes tested as fact-pattern MCQs; 4–6 marks but conceptually tricky.
  4. Valuation under the Customs Act, 1962Transaction value method, related-party adjustments, VR 4–8 fallback — customs valuation computation is a predictable 8–10 mark question.
  5. Importation and Exportation of GoodsEntry inward/outward, warehousing on arrival, home consumption — procedural chapter; 4–6 marks on bill of entry and let-export order flow.
  6. WarehousingBond execution, interest, conversion to home consumption — short chapter, 5–6 marks; warehousing interest computation is a quick win.
  7. RefundSection 26A, unjust enrichment in customs, drawback — customs refund has strict time limits; tested with interest and bar conditions.
  8. Foreign Trade PolicyEPCG, Advance Authorisation, SEIS/MEIS successor — export promotion schemes are tested as identification questions; 5–8 marks each attempt.

Chapter list as per the current ICAI New Scheme study material. Every Pookie question cites its ICAI source; solutions follow ICAI marking-scheme structure.

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