INDIRECT TAX LAWS MODULE 1

Transcription

1 INDIRECT TAX LAWS MODULE 1 Preface to Sixth Edition I-5 How to study and present answers See Module 4 Coverage of select cases of ICAI in this book See Module 4 Section-wise, Rule-wise, Notification-wise referencer See Module 4 Solved paper : CA Final November 2014 See Module 4 DIVISION ONE CHARGE, CLASSIFICATION AND VALUATION 1 BASIC CONCEPTS UNDER CENTRAL EXCISE 3 2 TARIFF AND CLASSIFICATION 49 3 DUTY BASED ON ANNUAL CAPACITY, COMPOUNDED LEVY SCHEME, TARIFF VALUE & MRP-BASED EXCISE DUTY 75 4 TRANSACTION VALUE BASED DUTY & VALUATION AUDIT 93 I-7 I-7

2 INDIRECT TAX LAWS MODULE 2 Preface to Sixth Edition See Module 1 How to study and present answers See Module 4 Coverage of select cases of ICAI in this book See Module 4 Section-wise, Rule-wise, Notification-wise referencer See Module 4 Solved paper : CA Final November 2014 See Module 4 DIVISION ONE BASIC CONCEPTS UNDER SERVICE TAX 1 CHARGE OF SERVICE TAX & PERSON 3 2 SERVICE, DECLARED SERVICES AND NEGATIVE LIST 13 3 RELEVANT DATE FOR TAXATION [POINT OF TAXATION] 33 4 VALUATION OF SERVICES 47 5 INTERPRETATION AND CLASSIFICATION OF SERVICES AND BUNDLED SERVICES 62 I-5

3 6 PLACE OF PROVISION OF SERVICES 66 7 EXPORT OF SERVICES, SEZS AND EXPORT INCENTIVES 91 8 EXEMPTION TO SMALL SERVICE PROVIDERS, CHARITIES AND UN 103 DIVISION 2 TAXABILITY OF SERVICES 9 NEGATIVE LIST OF SERVICES AND RELATED PROVISIONS DECLARED SERVICES & RELATED PROVISIONS OTHER SERVICES EXEMPTION, ABATEMENT, COMPOSITION RATES 227 DIVISION 3 PROCEDURES UNDER SERVICE TAX 12 PAYMENT OF SERVICE TAX (INCLUDING REVERSE CHARGE) & ACCOUNTING REGISTRATION UNDER SERVICE TAX ASSESSMENT, SELF-ASSESSMENT AND RETURNS UNDER SERVICE TAX INVOICE, RECORDS, AUDIT, POWERS AND OTHER PROVISIONS 292 I-6

4 DIVISION TWO CENVAT CREDIT 5 CENVAT CREDIT - BASICS AND DEFINITIONS CENVAT CREDIT - AVAILMENT AND UTILIZATION CENVAT CREDIT - EXEMPTED GOODS & SERVICES CENVAT CREDIT - PROCEDURES 250 DIVISION THREE SSI, PROCEDURES AND EXPORTS 9 SSI EXEMPTION GENERAL PROCEDURES UNDER CENTRAL EXCISE EXPORT INCENTIVES AND PROCEDURES 371 I-8

5 INDIRECT TAX LAWS MODULE 3 Preface to Sixth Edition See Module 1 How to study and present answers See Module 4 Coverage of select cases of ICAI in this book See Module 4 Section-wise, Rule-wise, Notification-wise referencer See Module 4 Solved paper : CA Final November 2014 See Module 4 DIVISION ONE CHARGE, VALUATION AND CLASSIFICATION 1 CUSTOMS : BASICS AND CHARGE OF DUTY 3 2 CUSTOMS : VALUATION OF GOODS 32 3 CUSTOMS : CLASSIFICATION, TARIFF & VARIOUS DUTIES 69 DIVISION TWO IMPORT AND EXPORT PROCEDURES AND POWERS 4 IMPORT, EXPORT & WAREHOUSING PROCEDURES 105 I-5

6 5 CUSTOMS : DRAWBACK, BAGGAGE, IMPORT/EXPORT BY POST, STORES & COASTAL GOODS CUSTOMS : POWERS, CONTROL & PROCEDURES CUSTOMS : CONFISCATION AND PENALTIES 200 DIVISION THREE FOREIGN TRADE POLICY 8 FOREIGN TRADE POLICY (FTP) BASIC CONCEPTS FTP - EXEMPTION/REMISSION SCHEMES, REWARD SCHEMES, EPCG AND DEEMED EXPORTS FTP - EOUS, EHTPS, STPS, BTPS, SEZS AND FTWZS 260 DIVISION 4 COMMON PROVISIONS UNDER INDIRECT TAXES 11 INDIRECT TAX LAWS (IDTL) : RECOVERY & INTEREST INDIRECT TAX LAWS (IDTL) : EVASION PENALTY AND PUNISH- MENT INDIRECT TAX LAWS (IDTL) : CIRCULAR, EXEMPTION & REFUND INDIRECT TAX LAWS (IDTL) : ADVANCE RULINGS 363 I-6

7 15 INDIRECT TAX LAWS (IDTL) : SETTLEMENT OF CASES INDIRECT TAX LAWS (IDTL) : APPEALS, REVIEW & REVISION 393 I-7

8 INDIRECT TAX LAWS MODULE 4 Preface to Sixth Edition See Module 1 How to study and present answers I-5 Section-wise, Rule-wise, Notification-wise Referencer I-9 Select Cases of ICAI : May & Nov (Summary) Solved Paper : CA Final November CENTRAL EXCISE AND CENVAT CREDIT 1. Basic Concepts under Central Excise 1 2. Tariff and Classification 2 3. Duty based on Annual Capacity, Compounded levy scheme, Tariff value & MRP-based excise duty 3 4. Transaction value based duty & Valuation audit 4 5. Cenvat credit - Basics and definitions 6 6. Cenvat credit - Availment and utilization 7 7. Cenvat credit - Exempted goods & services 9 8. Cenvat credit - Procedures SSI-exemption General Procedures under Central Excise Export Incentives and Procedures 16 2 SERVICE TAX BASICS, TAXABILITY AND PROCEDURES 1. Charge of service tax and Person Service, Declared services and Negative list 19 I-7

9 3. Relevant date for taxation [Point of taxation] Valuation of services Interpretation and classification of services and bundled services Place of Provision of Services Export of Services, SEZs and Export incentives Exemption to small service providers, charities and UN Negative list of services and related provisions Declared services & related provisions Other services Exemption, Abatement, Composition rates Payment of Service Tax (including Reverse Charge) & Accounting Registration under service tax Assessment, self-assessment and returns under service tax Invoice, records, audit, powers and other provisions 36 3A CUSTOMS AND FOREIGN TRADE POLICY 1. Customs : Basics and charge of duty Customs : Valuation of goods Customs : Classification, tariff & various duties Customs : Import, export & warehousing procedures Customs : Drawback, baggage, import/export by post, stores & coastal goods Customs : Powers, control & procedures Customs : Confiscation and penalties Foreign Trade Policy (FTP) Basic concepts FTP - Exemption/remission schemes, reward schemes, EPCG & Deemed exports FTP - EOUs, EHTPs, STPs, BTPs, SEZs and FTWZs 51 3B COMMON PROVISIONS 11. Indirect Tax Laws (IDTL) : Recovery & interest Indirect Tax Laws (IDTL) : Evasion penalty and punishment Indirect Tax Laws (IDTL) : Circular, exemption & refund Indirect Tax Laws (IDTL) : Advance rulings Indirect Tax Laws (IDTL) : Settlement of cases Indirect Tax Laws (IDTL) : Appeals, review & revision 60 I-8