CA FINAL – IBS (PAPER 6) DETAILED INDEX

CA Final IDT May’25/Nov’25 – 6th Edition Summary Book

Detailed Index for Paper 6 – IBS For May’25 Exams
By CA Akshansh Garg
Topics Page No.
Supply under GST
Definitions – Goods, Services, Consideration 2.1
Definitions – Business, Recipient 2.2
Definitions – Family, Online Gaming, Online Money Gaming, Specified Actionable 2.3
Claim, Virtual Digital Asset, Supplier
Sec. 7 – Meaning & Scope of Supply 2.4
Circulars – Donations, Art works, No Claim Bonus 2.5
Circulars – No Claim Bonus, Financial Transactions (Future & Forward Contracts) 2.6
Sec. 7(1)(a) – Supply for consideration in course or furtherance of business (both 2.6
goods & services)
Sec. 7(1)(b) – Import of services for consideration whether or not in course or 2.6
furtherance of business
Sec. 7(1)(c) – Schedule I (Para I & Para II), Definition – Related Person 2.7
Definition – Distinct Persons, Stock Transfer 2.8
Sec. 7(1)(c) – Schedule I (Para III Principal-Agent) 2.9
Importation of Services – Para IV of Schedule I 2.10
Clarification - Del-credere agent (DCA) & Schedule II 2.11 to 2.13
Schedule III 2.13 & 2.14
Sec. 8 – Composite & Mixed Supplies 2.15
Clarifications – Tenancy rights, printing contracts, servicing of cars, retreading of 2.16 to 2.18
tyres, cost petroleum, moulds & dies, liquidated damages, breach of contract, penalty
for violation, cheque dishonour, late payment fees, cancellation charges
Clarifications – GST on sale of land after levelling, tax on shares held in a subsidiary 2.19
company by holding company, services supplied by director in personal capacity
Clarifications – Supply of food or beverages in cinema halls, taxability on personal 2.20
guarantee & corporate guarantee
Clarifications – Salvage/wreck, GST in respect of Warranty Replacement of goods, 2.21
GST on Preferential Location Charges, ESOP/ESPP/RSU provided to employees 2.22
Charge of GST
Sec. 9 – Levy & Collection 3.1
RCM of Goods (Amendment: Metal Scrap) 3.2
GTA Services 3.2
Chart – GTA Services, Notified Persons 3.3
Legal Services, Arbitral Tribunal to Business Entity, Sponsorship Services 3.4
Services supplied by the Government, Renting of Residential Dwelling 3.5
Chart – Renting of Property 3.5
Renting of Any Immovable Property Other than Residential Dwelling, Transfer of 3.6
Development Rights / Floor Space Index, Long-term lease of land (30 yrs or more),
Director Services, Insurance Agent Services
Recovery Agent Service, Copyright Service, Overseeing Committee (RBI), DSAs 3.7
Services by Business Facilitator & Business Correspondent, Security Services 3.8
Chart – Security Services 3.8
Chart – Renting of Motor Vehicles 3.9

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Lending of Securities, Service by any person in a NTT to any person other than NTOR 3.10
Sec. 9(5) – Notified Supplies through ECO 3.11 & 3.12
• Sec. 10 – Composition Scheme 3.12
• Sec. 10(2) – Person not eligible for Composition Scheme u/s 10(1)
• Notified Goods
• Marginal supply of services (other than restaurant service)
• Sec. 10(2A) – New Composition Scheme for mixed supplier or supplier of service 3.13
• Registered person who is not eligible for composition scheme for u/s 10(2A)
Aggregate Turnover 3.13
Turnover in a State/UT, Applicable GST Rates under Composition Scheme 3.14
Intimation of opting for composition levy, RCM extended to Courts & Tribunal 3.15
Exemptions from GST
Power to grant exemption – General & Special Exemption 4.1
Charitable & Religious Activities 4.2
Renting of Imm. Prop. (Amendment), Accommodation Services, Health Care Service 4.3 & 4.4
Passenger Transport Services (Airways, Railways, Land & Water), RCS 4.5 to 4.7
Tour Operator Service 4.7
Goods Transport Service (Amendment: Ancillary or Incidental Services by GTA) 4.7 & 4.8
Banking & Financial Service (Amendment: Granting of loan by an overseas affiliate) 4.9
Hiring Service 4.9
Educational Services (Amendment: Affiliation Services, Approved Flying Training 4.9 to 4.13
Courses)
Agriculture Related Services 4.13 & 4.14
Services provided by Govt. (Municipal & Panchayat Services, SG, CG, UT, etc.) 4.14 to 4.16
(Amendment: Statutory collections by RERA)
Summary Table – Services provided by Govt. (Linkage with RCM) 4.16
Services by Ministry of Railways, Inter Zone/Division-Railways, SPVs-Railways 4.16
RTI, ERCC, Long term lease by govt to industrial units, Supply of TDR, FSI 4.17
Chart – Services by Govt. (Complete Linkage of RCM & Exemption) 4.18
Composite supply of G&S to Govt., Services provided to Governmental Authority 4.19
Clarifications – Sanitation & conservancy services, Milling of wheat into flour or 4.19
paddy into rice under PDS
Clarification on District Mineral Foundations Trusts (DMFTs) set up by the SGs 4.20
Training program for govt. (75% or more) 4.20
Sports Service 4.20 & 4.21
Skill Development Services (NSDC, NCVET, etc.) 4.21
Artists, Events, Admission Service 4.21 & 4.22
Ancillary Services related to Electricity Supply 4.22
Services by Associations – RWA 4.22 & 4.23
Incubator/Incubatee Service 4.23
Research & Development Services 4.23
• Insurance Service (Amendment: Reinsurance includes Retrocession Services) 4.24
• Services by Various Govt. Schemes 4.24
• Specified Bodies (ESIC, EPFO, NPS) 4.24
• Business Facilitator/Correspondent 4.24
• Legal Services 4.25
Other Misc. Services (By FDM, Toll charges, Guest Anchors, Journalists, etc.) 4.25 & 4.26
Import of services by an establishment of a Foreign Company in India 4.26 & 4.27

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Clarification on Conduct of entrance exam for admission to educational institution 4.27

Clarification on GST on Accommodation services by Air Force Mess 4.27
Clarification on GST on Reimbursement of electricity charges received by real estate 4.27
companies, malls, airport operators, etc. from their lessees/occupants
Place of Supply
Definitions – Export of Services, Continuous Journey, Import of Services 5.1
Sec. 10 – PoS of Goods other than supply of goods imported into, or exported from 5.2
India
Sec. 11 – PoS of Goods imported into, or exported from India 5.3
Sec. 12 – PoS of Services where LoS & LoR is in India [Chart – Sec. 12(3) & 13(4)] 5.3 to 5.8
Chart – Telecommunication Services 5.6
Sec. 13 – PoS of Services where LoS & LoR is Outside India 5.8 to 5.11
Notified Services u/s 13(13) 5.12
Definition – Non-Taxable Online Recipient 5.12
OIDAR Services, OIDAR in case of Intermediary & Chart – OIDAR Taxability 5.12 & 5.13
Sec. 14A – Specified Actionable Claims supplied by a person located outside taxable 5.14
territory
Clarifications – PoS in case of software/design services related to electronics 5.14 & 5.15
semiconductor & design manufacturing industry (ESDM), Cargo Handling Services
Clarification relating to Export of Services 5.15
Clarification – PoS in supply of service of transport of goods incl. mail & courier & 5.15 & 5.16
supply of services in respect of advertising sector
Clarification – PoS of the goods supplied through ECO to unregistered persons where 5.16
billing address is different from address of delivery of goods
Clarification – PoS of Custodial Services provided by banks to FPIs 5.17
Clarification – PoS of Advertising Services provided to Foreign Clients 5.17 & 5.18
Clarification – PoS where the advertising company located in India merely acts as an 5.18
agent of the foreign client
Clarification – PoS of Data Hosting Services (DHSPs) 5.18
Time of Supply
ToS of Goods under FCM (1 condition) 6.1
Time Limit for issuance of invoice for supply of goods 6.1
ToS of Goods under RCM (3 conditions) 6.2
ToS of Vouchers Exchangeable for Goods 6.2
ToS of Goods in Residual Cases 6.2
ToS of Services under FCM (2 conditions) 6.3
Time Limit for issuance of invoice for supply of services 6.3
ToS of Services under RCM (2 conditions) 6.4
ToS in Import of Service between associated enterprises 6.4
ToS of Vouchers Exchangeable for Services 6.5
ToS of Services in Residual Cases 6.5
Change in Rate of Tax (Chart – Date of Payment) 6.5 & 6.6
Clarification – HAM Model of NHAI 6.6 & 6.7
Clarification – Spectrum Usage Services 6.7
Summary Chart of Time of Supply 6.8
Value of Supply
Transaction Value – Sec. 15(1) + 15(2) – 15(3) 7.1
Sec. 15(2) – Value of Supply includes 7.1
Chart – Discount [Amendment: In Sec. 15(3) Discount] 7.2

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Rule 27 – VoS of goods or services where the consideration is not wholly in money 7.3
Rule 28 – VoS of goods or services or both between distinct or related persons, other 7.3 & 7.4
than through an agent [Amendment: In Rule 28(2)]
Clarification – VoS of service of providing corporate guarantees to banks/financial 7.4
institution by a supplier to a related person
Rule 29 – VoS of goods made or received through an agent 7.5
Rule 30 – VoS of goods or services or both based on cost 7.5
Rule 31 – Residual method for determination of VoS of G/S/Both 7.5
Valuation Rules Summary Table (Rule 27, 28 & 29) 7.6
Rule 31A – VoS in case of lottery, betting, gambling & horse racing 7.6
Rule 31B – VoS in case of online gaming including online money gaming 7.6
Rule 31C – VoS of actionable claims in case of casino 7.6
Rule 32(2) – Money Changing 7.7
Air Travel Agent 7.8
Life Insurance Business 7.8
Margin Scheme, Vouchers 7.8
Rule 33 – VoS of services in case of pure agent 7.8 & 7.9
Rule 34 – Rate of Exchange to be used 7.9
Rule 35 – Value of Supply inclusive of taxes 7.9
Taxability of airport levies collected by airlines as pure agent (PSF & UDF collected) 7.9 & 7.10
Circulars – No Claim Bonus (NCB) as permissible deduction 7.10
Input Tax Credit
Sec. 16(2) – 6 Conditions for Availing ITC 8.2
Sec. 16(3) – ITC on GST portion of capital goods 8.2
Sec. 16(4) – Time Limit for Availing ITC 8.3
Clarification – Time limit u/s 16(4) in respect of RCM supplies received from 8.3
unregistered persons
Section 16(6): Time limit for taking ITC in case of revoked registration cancellation 8.3
Rule 37 – Reversal of ITC in case of non-payment of consideration by receiver 8.3 & 8.4
Rule 37A – Reversal of ITC in case of non-payment of tax by supplier (Amendment) 8.4
Sec. 17 – Apportionment of Credit & Blocked Credits 8.4
Sec. 17(4) – Special Provisions for Banking Companies & NBFCs 8.4
Sec. 17(5) – Blocked Credits 8.5 to 8.7
Chart – Motor Vehicle 8.6
Chart – Exempt Turnover & Aggregate Turnover in ITC Chapter 8.9
Methodology for apportionment of credit of capital goods & reversal thereof 8.10
Change in usage of capital goods 8.10
Special Circumstances 8.11
A. Composition Scheme to Regular Scheme
B. Regular to Composition Scheme
C. ITC treatment in case of fresh registration
D. ITC treatment in case of sale / disposal of capital goods
Sec. 18 – Availability of Credit in Special Circumstances 8.12
Chart – Input tax paid on Capital Goods 8.12
Transfer of ITC on account of change in constitution of registered person 8.13
Distribution of credit by ISD 8.13 & 8.14
ITC reduced on the basis of credit note 8.14
Sec. 21 – Recovery of Excess Credit distributed to a recipient 8.14
Clarification – Moulds & dies provided by OEM to component manufacturer 8.15

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Rule 86A – Restriction on Utilization of ITC 8.15

Rule 86B – Restrictions on use of amount available in Electronic Credit Ledger, 8.16 & 8.17
Exceptions to Rule 86B
Clarification regarding taxability of services provided by an office of an org. in one 8.17 & 8.18
state to office of that org. in another state (Amendment)
Clarification – Reversal of ITC in respect of portion of life insurance policy premium 8.19
Clarification – ITC availability in respect of demo vehicles 8.19
Clarification – ITC availability on ducts and manholes used in network of OFCs 8.20
Clarification – ITC on expenses incurred by the insurance companies for repair of 8.20
motor vehicles in case of reimbursement mode of insurance claim settlement
Clarification – ITC in respect of warranty replacement of goods/ its parts 8.21
Registration
Introduction & Aggregate Turnover in registration chapter 9.1
Job Work Meaning 9.2 & 9.3
Sec. 22 – Person liable for registration 9.3
Sec. 24 – Compulsory Registration under certain cases (Amendment: Metal Scrap) 9.4
Difference between Aggregate T/O & T/O in State 9.4
Voluntary Registration 9.5
Sec. 23 – Person not liable for registration (Amendment: Metal Scrap) 9.5 & 9.6
Applicable Threshold Limits in Various States 9.6
Summary Table – Threshold limit for registration 9.7
Sec. 25(1) – Where & by when to apply for registration 9.8
Sec. 25 – Procedure for Registration 9.9 & 9.10
Aadhar Authentication (Amendment) & Rule 10B 9.10 & 9.11
Rule 10A – Furnishing of Bank Account Details 9.11
Rule 25 – Physical verification of business premises in certain cases 9.12
Rule 10 – Effective Date of Registration 9.12
Sec. 25(2) – State-Wise Registration 9.12 & 9.13
Distinct persons or its establishments 9.13
Special registration provision CTP & NRTP 9.13
Period of validity of Registration Certificate granted by CTP/NRTP 9.13
Advance Deposit of Tax by CTP & NRTP 9.14
Chart – Amendment of Registration 9.14
Cancellation of Registration 9.15
Circumstance where Registration is liable to be Cancelled (Amendment) 9.15 & 9.16
Suspension of Registration 9.16 & 9.17
Procedure for Cancellation of Registration 9.17
ITC treatment in case of cancellation 9.17 & 9.18
Sec. 30 – Revocation of Cancellation of Registration by Dept. 9.18 & 9.19
New Registration Procedure & Aadhar Authentication 9.19
Rule 21A – Suspension of registration amended (Amendment) 9.20
Summary Chart – GST on Metal Scrap: RCM Implication & Registration 9.20 & 9.21
Tax Invoice, Credit Notes & Debit Notes
Sec. 31 – Tax Invoice 10.1
Time limit for issue of invoice & manner of issuing the invoice 10.2
Revised Tax Invoice & Particulars of Tax Invoice 10.3 & 10.4
Chart – HSN Code: Turnover Limit 10.4
E-Invoicing 10.4 to 10.6

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Exemptions from E-Invoicing 10.5

Dynamic QR Code 10.6
Non applicability of requirement of dynamic QR code 10.7
Credit Note & its time limit 10.7
Debit Note 10.8
Procedure in case of return of time expired medicines/drugs 10.8 & 10.9
Clarification on applicability of e-invoice w.r.t supplies made to TDS deductors 10.10
Demand & Recovery
When PO can issue notice 11.1
Payment of tax/penalty payable in normal cases & fraud cases 11.2
Time limit for issuance of notice / order 11.3
• Sec. 76 – Tax collected but not paid to govt. 11.4
• Monetary Limits for issuance of SCN by different level of officers
• Sec. 77 – Tax wrongfully collected & paid to CG or SG
• Sec. 78 – Initiation of Recovery Proceedings
• Sec. 79 – Recovery of Tax 11.5
• Sec. 80 – Payment of Tax & Other Amount in Instalments
• Sec. 81 – Transfer of Property to be void in certain cases
• Sec. 82 – Tax to be first charge on property 11.6
• Sec. 83 – Provisional Attachment to protect revenue in certain cases
• Sec. 84 – Continuation & Validation of certain recovery proceedings
Clarification on various issues relating to applicability of demand & penalty 11.7
provisions in respect of transactions involving fake invoices
Clarification with respect to cases where the notice issued u/s 74(1) is deemed as if 11.8
the notice was issued under section 73(1)
Proceedings conducted under IBC covered under the term ‘other proceedings’ in 11.8
Section 84
Encumbrance on provisionally attached property to be removed upto on expiry of a 11.8
period of 1 year of order in case written instructions not received from Commissioner
Assessment & Audit
• Sec. 59 – Self Assessment 12.1
• Sec. 60 – Provisional Assessment 12.2
• Sec. 61 – Scrutiny of Returns 12.3
• Sec. 62 – Assessment of Non-Filers of Returns
• Sec. 63 – Assessment of Unregistered Persons 12.4
• Sec. 64 – Summary Assessment in certain special cases
• Sec. 65 – Audit by Tax Authorities 12.5
• Sec. 66 – Special Audit 12.6
Inspection, Search, Seizure & Arrest
Sec. 67 – Power of Inspection, Search & Seizure 13.1
• Cases when Inspection can be carried out by PO
Manner & Release of Confiscation of Goods / Documents 13.2
Basic Requirements to be observed during search operations 13.2 & 13.3
Search Warrant & its contents 13.3 & 13.4
Safeguards provided for in respect of search & seizure 13.4
Sec. 68 – Inspection of goods in movement 13.4
Sec. 69 – Power to Arrest 13.5
• Safeguards for a person who is placed under arrest

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• Guidelines for arrest

Cognizable (Non-bailable) & Non-Cognizable (Bailable) Offences 13.6
Guidelines for Issue of Summons 13.6 & 13.7
Sec. 132(1) – Punishment 13.7
Sec. 132(2) – Subsequent Conviction 13.7
• Sec. 70 – Power to Summon 13.8
• Sec. 71 – Access to Business Premises
• Sec. 72 – Officers to Assist
• Penalty in case of non-appearance after summon
Appeals & Revisions
Sec. 107 – Appeals to Appellate Authority (AA) 14.1
• Form of appeal to AA by the aggrieved person (taxpayer) & date of filing appeal 14.2
• Form of appeal to AA by the Department 14.2
• Withdrawal of Appeal 14.3
Pre-Deposit 14.3
Appointment of Appellate Authority 14.4
Sec. 108 – Powers of Revisional Authority 14.4
• Time limit, Officers authorized as Revisional Authority 14.5
Sec. 109 – Constitution of Appellate Tribunal (Amendment) & Benches thereof 14.6
• Composition, Jurisdiction (Amendment), Transfer of cases 14.6
• Single member bench, Majority rule in case of difference of opinion, transfer 14.7
of members for administration efficiency, Defect in constitution
Sec. 111 – Procedure Before Appellate Tribunal (Amendment) 14.8
Sec. 112 – Appeal to Appellate Tribunal (AT) (Amendment)
• Time limit, Memorandum of Cross Objection, Fees, Pre-Deposit 14.8
• Department Appeal (Amendment) 14.10
• Common provisions in case of appeal by the aggrieved person (taxpayer) and 14.10
Departmental appeal
Sec. 113 – Orders of the Appellate Tribunal 14.11
Sec. 113(3) – Rectification of Errors
Withdrawal of appeal or application filed before the Appellate Tribunal 14.11
Summary Table – Mandatory Pre-Deposit to AA & AT 14.11
Sec. 115 – Interest on Refund of Pre-Deposit 14.12
Production of Additional Evidence Before AA/AT 14.12
Sec. 117 – Appeal to the High Court 14.12
Sec. 118 – Appeal to the Supreme Court 14.13
Sec. 119 – Sums due to be paid notwithstanding appeal etc.
Sec. 120 – Appeal not to be filed in certain cases
• Monetary limits for filing appeals before GSTAT, High Courts and Supreme Court 14.13
• Exclusions where monetary limits shall not be applicable 14.14
Sec. 121 – Non-Appealable Decisions & Orders 14.14
Offences & Penalties
Sec. 122(1) – Penalty leviable on Taxable Person (21 offences) 15.1
Sec. 122(1A) – Penalty leviable on Any Person 15.2
Sec. 122 (1B) – Penalty leviable on Electronic Commerce Operator 15.2
Sec. 122(2) – Penalty leviable on Registered Person 15.2
Sec. 122(3) – Penalty leviable on Any Person 15.3
Sec. 123 – Penalty for Failure to Furnish Information Return 15.3

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Sec. 124 – Fine for Failure to Furnish Statistics

Sec. 125 – General Penalty 15.4
Sec. 126 – General Disciplines Related to Penalty
Sec. 127 – Power to Impose Penalty in Certain Cases
Sec. 128 – Power to Waive Penalty or Fee or Both
Sec. 129 – Detention, Seizure & Release of goods, conveyance &/or documents 15.4 & 15.5
Sec. 130(1) – Confiscation of goods / conveyance & levy of penalty 15.5
Sec. 130(2) – Redemption Fine 15.5
Sec. 131 – Confiscation or Penalty not to interfere with other punishments 15.6
Sec. 132 – Punishments for certain offences 15.6 & 15.7
Sec. 133 – Liability of officers & certain other persons 15.7
Sec. 134 – Cognizance of Offences 15.7
Sec. 135 – Presumption of Culpable Mental State 15.8
Sec. 136 – Relevancy of Statements under certain circumstances 15.8
Sec. 137 – Offences by Companies 15.8
Sec. 138 – Compounding of Offences 15.8 & 15.9
Summary Chart – Penalties Sec. 132 & 138 15.10
Advance Ruling
Meaning & Objectives of Advance Ruling 16.1
Questions for which Advance Ruling can be sought 16.1
Matters which cannot be questioned before AAR 16.1
Authority for Advance Ruling (AAR) & Appellate Authority for Advance Ruling 16.2
(AAAR)
Appeals against Orders of AAR to Appellate Authority 16.2
Rectification of Mistakes 16.2
Applicability of Advance Ruling 16.3
Advance Ruling to be void in certain cases 16.3
Procedure for obtaining advance ruling 16.4
Payment of Tax
• Sec. 49 – Payment of Tax, Int., Penalty & Other Amounts 17A.1
• Electronic Liability Ledger, Credit Ledger & Cash Ledger
Major & Minor Heads of Payment 17A.2
Sec. 50 – Interest on Delayed Payment of Tax (Amendment) 17A.3 & 17A.4
Clarification on charging of interest u/s 50(3) in cases of wrong availment of IGST 17A.4 & 17A.5
credit & reversal thereof
TDS – TCS under GST
Sec. 51 – TDS (Amendment: Metal Scrap) 17B.1
Cases where tax is not liable to be deducted at source (Amendment: Metal Scrap) 17B.1
Applicability of TDS 17B.2
Sec. 52 – TCS (Amendment: 0.5% IGST or 0.25% CGST & 0.25% SGST) 17B.2 & 17B.3
Special procedure to be followed by ECO in respect of supplies of goods through 17B.5
them by composition taxpayers & by unregistered persons
Clarification on TCS liability in case of multiple ECOs in one transaction, in context 17B.5 & 17B.6
of Open Network for Digital Commerce (ONDC)
Details of TCS furnished by ECO to be made available electronically to only 17B.6
registered suppliers
Rule 78: Matching of details furnished by the e-commerce operator with the details 17B.7
furnished by the supplier

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Liability to Pay in Certain Cases

Sec. 85 – Liability to pay in cases of Transfer of Business 18.1
Sec. 86 – Liability of Agent & Principal 18.2
Sec. 87 – Liability in case of an Amalgamation / Merger of Companies
Sec. 88 – Liability in case of Company in Liquidation 18.3
Sec. 89 – Liability of Directors of Private Company
Sec. 90 – Liability of Partners of Firm to Pay Tax 18.4
Sec. 91 – Liability of Guardians, Trustees etc.
Sec. 92 – Liability of Court of Wards etc. 18.5
Sec. 93 – Special Provisions Regarding Liability to Pay Tax, Interest or Penalty in
Certain Cases
Sec. 94 – Liability in Other Cases 18.6
• Discontinuation of business by a Firm/HUF/AOP
• Change in constitution of firm or AOP
• Dissolution of firm/AOP or partition of HUF
Refunds under GST
Cases when Refunds are allowed (Amendment) 19.1 & 19.2
Time limit within which refund claim can be filed 19.2
Relevant Date for filing of refund in different cases (Amendment) 19.2
Filing of Refund Claim in cases of Deemed Exports, SEZ Unit / SEZ Developer & 19.3
CTP/NRTP
• Refund to US Bodies, Embassies, etc. 19.3
• Rule 89(4) [Amendment: 89(4A)/(4B) deleted] 19.3
• Rule 89(5) [Amendment: 89(4A)/(4B) deleted] 19.4
• Turnover of Zero Rated Supply of Goods [Amendment: 89(4A)/(4B) deleted] 19.4
• Turnover of Zero Rated Supply of Services [Amendment: 89(4A)/(4B) deleted]
• Adjusted Total Turnover [Amendment: 89(4A)/(4B) deleted]
• Sec. 54(3) – Refund of Un-utilized ITC 19.5
• Sec. 54(4) – Documentary Evidences (Amendment)
• Sec. 54(5) – Refund Order 19.6
• Sec. 54(6) – Provisional Refund 19.6
• Sec. 54(7) – Refund Order Time Limit 19.7
• Theory of Unjust Enrichment 19.7
• Cases where Theory of Unjust Enrichment does not apply 19.7
Determination of Refundable Amt in case of refund of unutilized ITC 19.8
Sec. 56 – Interest on Delayed Refunds 19.8
Inverted Duty Structure – Refund (Circular) 19.9
• Prescribed manner of filing an application for refund by unregd. persons 19.10
• Documentary evidences required
Clarification in respect of admissibility of refund where an exporter applies for refund 19.11
subsequent to compliance of provisions
Section 16 of IGST Act: Zero Rated Supply – amended 19.11 & 19.12
Rule 95B - Refund of GST paid on inward supplies of goods received by Canteen 19.12
Stores Department
Returns under GST
Sec. 37 – Furnishing details of Outward Supplies (GSTR-1/ GSTR-1A) 20.1
Proviso to rule 59(1)]: How are the details of outward supply furnished in the current 20.2 & 20.3
period amended? (GSTR-1A)

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Furnishing of Returns u/s 39 (GSTR-3B) 20.3

QRMP Scheme
• Eligibility for QRMP Scheme, condition to be followed for becoming eligible 20.4
• Manner of exercising option & opting out of scheme 20.4
• IFF & Cases where regd. person is debarred from furnishing details of outward 20.5
supplies in GSTR-1/IFF
• Form & manner of filing return GSTR-3B under QRMP 20.6
• Time limit for rectification & maximum time limit for furnishing GSTR-1 & 3B 20.7
• Rule 88C: Manner for dealing with difference in liability reported in statement of 20.7
outward supplies between GSTR-1 & GSTR-3B
• Rule 88D: Manner for dealing with difference in ITC available in auto-generated 20.8
statement containing details of ITC & that availed in return
Sec. 38 – Furnishing details of Inward Supplies (GSTR-2A/4A/6A & 2B) 20.9
(Amendment: Additional details or amendments in details in Form GSTR-1A)
Sec. 44 – Annual Return (GSTR-9/9A/9B) 20.9 & 20.10
Sec. 45 – Final Return (GSTR-10) 20.10
Details of Inward Supplies of Persons having UIN (GSTR-11) 20.11
Return for persons providing OIDAR services / online money gaming (GSTR-5A) 20.11
• Sec. 39(9) – Rectification of Errors / Omissions 20.11
• Sec. 40 – First Return 20.11
• Sec. 41 – Availment of ITC 20.11
• Sec. 46 – Notice to Return Defaulters 20.12
Sec. 47 – Late Fees for Delay in Filing Return
• For delay in filing annual return 20.12
• For delay in filing GSTR-1 / GSTR-3B / GSTR-4 20.13
• For delay in filing GSTR-7 (Amendment) / GSTR-8 20.14
Payment of Tax: Fixed Sum Method & Self-Assessment Method 20.14
Interest Payment under QRMP Scheme 20.15
Sec. 48 – Goods & Service Tax Practitioners (GSTP) 20.15 to 20.17
Information Return 20.17 & 20.18
Penalty for failure to furnish information return 20.18
Summary Table – Returns Chapter (Amendment: GSTR-4 : 30th June of next FY) 20.18 & 20.19
E-way Bill; Accounts & Records
Introduction to E-way Bill & Common enrolment process for registered transporters 21.1
having GSTIN in multiple states with same PAN
Situations where E-Way Bill needs to be issued even if consignment value < ₹ 50,000 21.2
E-Way Bill in case of ‘Bill to Ship’ Model 21.2
Information to be furnished in E-Way Bill (Part A & B) 21.2
When it is not mandatory to furnish detail of conveyance in Part B? 21.3
Transfer of goods from one conveyance to another 21.3
Consolidated E-Way Bill 21.4
Cancellation of E-Way Bill 21.4
• Validity Period of E-Way Bill / Consolidated E-Way Bill 21.4
• Validity’s Commencement, Extension, Acceptance/Rejection, Specified Time Limit 21.5
Situations where E-Way Bill is not required to be generated 21.6
• Documents & devices to be carried by a person-in-charge of a conveyance 21.7
• Verification of documents & conveyances 21.7
• Inspection & verification of goods 21.7

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Facility for uploading information regarding detention of vehicle 21.7

Blocking of E-way Bill Generation Facility 21.7
Clarification – E-way bill in case of storing of goods in godown of transporter 21.8
Accounts & Records: Who is required to maintain books of accts. & at which place? 21.8
• Accounts & documents required to be maintained 21.9
• Records to be maintained by agent
Records to be additionally maintained by a manufacturer & service provider 21.10
Separate records for works contract maintained by a person executing work contract 21.10
Records to be maintained by owner or operator of godown or warehouse 21.11
How accounts & records will be maintained? 21.11
Failure to maintain the records & Period of retention of records 21.12
Job Work
Introduction & Job Work Procedure 22.1 & 22.2
• Supply of goods directly from premises of job worker to customer 22.3
• Registration Requirements & E-way bill in case of job work
Miscellaneous Provisions
Sec. 161 – Rectification of errors apparent on face of record 23.1
Sec. 169(1) – Modes of service of notice 23.2
Sec. 169(2) – Deemed Date of Serving
Sec. 169(3) – Deemed Date of Receipt
Anti-Profiteering Measure & Anti-Profiteering Authority (Amendment) 23.2 & 23.3
• Functions of the Authority 23.3
• Order of the Authority 23.4
Consent Based Sharing of Information (Amendment) 23.4 & 23.5
Ethical Aspects under GST
Meaning of Ethics & Role of CA in ensuring ethics under GST 24.1 & 24.2
Certifications/Reports to be furnished by a CA required under GST Law
• Amt of ITC claimed at time of registration/voluntary registration 24.3
• Sale, merger, demerger, amalgamation, lease or transfer of business done with a 24.4
specific prov. for transfer of liabilities.
• Refund claim exceeding 2 lakh by the applicant, there is no unjust enrichment 24.4
• Amt of ITC to be reversed on cancellation of registration or on switching to 24.5
composition levy/exit from tax-paying status
Audit Report u/s 66 24.5 & 24.6
Basic Provisions of Customs
Constitutional Power, Extent & Applicability 1.1
Definitions – India, Territorial Waters of India, Indian Customs Water, Export, Import 1.1
Stores, Goods, Conveyance, Customs Station, Customs Area, Beneficial Owner 1.2
Levy of & Exemptions from Customs
• No Duty on Pilfered Goods 2.1
• Re-Importation of Goods into India: Conditions (Amendment) & Amt of Duty
• Goods: Derelict, Jetsam, Flotsam, Wreck 2.2
• Abatement of Duty on Damaged & Deteriorated Goods
• Remission of Duty 2.2
• Relinquishment of Duty 2.3
• Denaturing or Mutilation of Goods 2.3
• Exemption from Customs Duty (General Exemption & Specific Exemption) 2.3

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• Exemption to re-import of goods & parts thereof for repairs, reconditioning, 2.4
remaking or similar other process (Amendment)
• Customs Duty on Clearance of Capital Goods 2.4
Types of Duty
• Anti-Dumping Duty: Conditions, Amount, Period of Imposition, Non-applicability 3.1
• Countervailing Duty (CVD) 3.2
• Safeguard Duty 3.2
• Provisional Assessment 3.3
Import Export Procedure
• Inland Container Depot (ICD) & Container Freight Station (CFS) 4.1
• Person in charge (PIC) 4.2
• Sec. 29 – Arrival of Vessels & Aircraft in India
• Sec. 30 – Delivery of Arrival Manifest or Import Manifest or Import Report 4.3
• Sec. 30A – Passenger & Crew Manifest & Passenger Name Record Information
• Sec. 31 – Imported Goods not to be unloaded from vessel until inwards granted
• Sec. 32 – Imported Goods not to be unloaded unless mentioned in import manifest 4.4
or import report
• Sec. 33 – Unloading & Loading of Goods at Approved Places
• Sec. 34 – Goods not to be unloaded or loaded except under supervision of customs
officer
• Sec. 35 – Restriction on goods being borne
• Sec. 45 – Restriction on custody & removal of imported goods
• Sec. 46 – Entry of Goods on Importation 4.5
• Sec. 47 – Clearance of Goods for Home Consumption 4.6
• Due date of payment of duty
• Sec. 48 – Procedure in case goods not cleared within 30 days 4.7
• Sec. 49 – Warehousing without warehousing
• Sec. 85 – Warehousing of Stores
• Sec. 50 – Entry of goods for Exportation 4.8
• Sec. 51 – Clearance of Goods for Home Consumption
• Sec. 39 – Export Goods not to be loaded on vessel
• Sec. 41A – Passenger & crew departure manifest & passenger name record info.
• Sec. 42 – No conveyance to leave without written order 4.9
• Transit & Transhipment
• Sec. 51A – Phased implementation of Electronic Cash Ledger (ECL) in Customs
Valuation under the Customs Act, 1962
• Transaction Value & Tariff Value, Applicable Exchange Rates 5.1
• Identical Goods & Similar Goods 5.2
• Related Person 5.3
• Rule 3 – Determination of the method of valuation 5.3
• Txn Value of Identical Goods / Similar Goods 5.4
• Rule 5 & Rule 6 5.5
• Rule 7 – Deductive Value
• Rule 8 – Computed Value
• Rule 9 – Residual Method / Best Judgment
Rule 10(1) – Costs & Services 5.6
• Rule 10(1)(a): Commission, Brokerage & Packaging etc.

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• Rule 10(1)(b): Free Assistance by buyer

• Rule 10(1)(c): Royalty & Licence Fee
• Rue 10(1)(d) & Rule 10(1)(e), Post-Importation & Pre-Importation Expenses
Rule 10(2) – Value of imported goods: Transportation Charges & Insurance 5.7
• Declaration by Importer & Rejection of Declared Value 5.8
• Relevant date for determining rate of duty & tariff value for imported goods
• Calculation of Assessable Value 5.9
• Calculation of Customs Duties (Imports)
Baggage
Definitions – Baggage, Entry of Baggage by Owner, Green Channel & Red Channel 6.1
Rate of Duty & Tariff Valuation Applicable to Baggage 6.1
• Sec. 79 – Duty Exemption to Baggage 6.1
• Sec. 80 – Temporary Detention of Baggage
Baggage Rules 2016 (Rule 3 & Rule 4) 6.2 & 6.3
Jewellery Allowance (Rule 5) 6.3
Summary Chart – Rule 3, 4 & 5 6.4
Transfer of Residence (Rule 6) 6.5 & 6.6
• Currency (Rule 7) 6.6
• Unaccompanied Baggage (Rule 8)
Crew Baggage Rule (Rule 9)
• Annexure – I & Annexure – II 6.7
• Annexure - III 6.8
Warehousing
Types of Warehouses – Licensing of Public, Private & Special Warehouses 7.1
Cancellation of License 7.2
Warehousing Bond 7.2
Warehousing Order 7.3
• Warehousing Period, extension & reduction of period 7.3
• Warehousing Interest – Rate, Amount, Period & Waiver of interest 7.3
Owner’s right to deal with warehoused goods 7.4
Manufacture & other operations in relation to goods in a warehouse 7.4
Power to exempt import materials used in manufacture of goods in warehouse 7.4
Removal of goods from the warehouse 7.5
Removal of goods from one warehouse to another 7.5
• Clearance of warehoused goods for home consumption 7.5
• E-clearance order & relinquishment of title of warehoused goods
Clearance of warehoused goods for export 7.6
Allowance in case of volatile goods 7.6
Goods not to be taken out of warehouse except as provided by act 7.6
Goods improperly removed from warehouse, etc. 7.7
Cancellation & return of warehousing bond 7.7
Custody & removal of warehoused goods 7.7
Refunds under Customs
Application for refund of duty or interest 8.1
Processing of refund claim 8.2
Doctrine of Unjust Enrichment with respect to Refund of Duty 8.3
Exceptions to the Doctrine of Unjust Enrichment 8.4
• Int. on Delayed Refund & Refund of Export Duty in certain cases 8.5

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• Refund of Import Duty in certain cases 8.6

• Refund claim cannot be a substitute for appeal
Appeal should be filed and not a refund claim when adjudication order has been issued 8.7
or even when self-assessment made
Important Judgments on Refund 8.7
Foreign Trade Policy 2023
Introduction, Objectives of FTP & WTO Provisions in respect of FTP 9.1
• Role of DGFT 9.2
• Definitions – Importer Exporter Code (IEC), Authorised Economic Operator (AEO)
& Towns of Export Excellence (TEE)
• Status Holders & Export Performance
Points to be considered while computing export performance for grant of status 9.3
Privileges of Status Holders 9.3
Developing Districts as Export Hubs 9.4
General Provisions Applicable to Import & Export of Goods
• Samples, Gifts, Re-import of repaired goods, goods used in projects abroad, 9.4
Metallic waste & scrap
• Second hand goods, Third party exports 9.5
Import of items under Advance Authorisation/EOU/SEZ enabled without compliance 9.5 & 9.6
to mandatory Quality Control Orders (QCOs)
Miscellaneous provisions regarding import 9.7
Duty Exemption & Remission Schemes 9.7
Advance Authorisation (AA) Scheme
• Items can be imported duty free against AA 9.8
• Eligible Applicant/Export, Eligible Supply, Basis of issuance of AA 9.8
• Pre-Import Condition, Validity Period for Import 9.8
• AA for Annual Requirement, Minimum Value Addition 9.9
• Details of Duties Exempted, Export Obligation Period (EOP) 9.9
Duty Free Import Authorisation Scheme (DFIA)
• Duties Exempted, Eligibility 9.10
• Actual User condition, Minimum Value Addition 9.10
• Transferability of DFIA & Validity of DFIA 9.10
Scheme for Remission of Duties and Taxes on Exported Products (RoDTEP)
• Salient Features of RoDTEP 9.11
• Reward under scheme 9.11
• Ineligible supplies / items / categories under RoDTEP 9.11
Export Promotion Capital Goods Scheme (EPCG)
• Specific export obligation (SEO) 9.12
• Average export obligation (AEO) 9.12
• Eligible exporters 9.12
• Eligible Capital Goods 9.13
EOU/EHTP/STP/BTP Schemes 9.13
Deemed Exports 9.13
• Categories of Supplies Considered as ‘Deemed Export’ 9.14
• Benefits for Deemed Exports 9.14
• Common Conditions for Deemed Export Benefits 9.14
Chart – Aggregate Turnover – Registration, Composition Levy, ITC, Refund Last Page

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