IDT IMPORTANT QUESTIONS

IMPORTANT QUESTIONS ON IDT

For CA Final November 2014

1. Distribution of cenvat by input service distributor
2. Refund in case of partial reverse charge
3. Practical questions on cenvat based on definition of capital goods, inputs, input service
4. Define assessee, factory, first stage dealer, second stage dealer, input, input service, capital goods.
5. Excise: practical questions based on valuation rules (5,8,10A).
6. Case laws from ICAI recent case laws, RTP. (VVVIMP)
7. Case laws on deemed manufacturing
8. Case laws on classification of goods
9. Case laws on trade parlance theory.
10. Practical question based on small scale industry
11. Rule 10A(iii) of valauation rules. (advance surfactants India 2013) VVimp
12. Special audit
13. Practical question on Customs (ACD=MRP related) (compulsory accessories)
14. Practical question on export
15. Warehousing period., rights of importer.
16. Baggage (LCD is taxable at normal rates i.e. no basic exemptions) (liquor adjustment= if more than 2 litres balance taxable at normal e=rates n 2 litres will form part of General free allowance
17. Baggage – jewellery allowances
18. Import export procedures
19. Duty drawback (Rules)
20. Section 100 to 127
21. Definitions (flotsam, jetsam, delerict, wreck, dutiable goods)
22. FTP (ICAI materials, practice manual). (DGFT, star houses, FMS, FPC, VKGUY, import of second hand machinery, powers of DGFT, advance authorization, EPCG, EOU SEZ). DO PRACTICE MAUAL properly.
23. Definition of service
24. POPS All Rules VVVIP
25. Negative list, mega exemptions, abatements, exemptions for Practical questions
26. Partial reverse charge along with refund Rule 5B
27. Declared services
28. POTS (Rule 7, 8)
29. Bundled services (not naturally bundled services)
30. Practical questions on small service provider. VVVimp
31. Important services (banking, GTA, Health, Renting, Food, construction, work contract, Municipal services, agricultural, educational, advertisement , lottery, insurance, All declared services)
32. Renting of dharamshala (GuestHouse)covered under service tax renting. Exemption of Declared Tariff 1000 is allowed to them.
33. Penalty u/s 76,77,78.
34. Bailable, cognizable, penalty (common topic)
35. Advance rulings (Applicants, reasons, case studies)
36. Settlement of cases (Case studies, conditions, procedures)
37. Appeal CESTAT, revision order)

ALL THE BEST