CA Final ICAI announcement
This article will bring all relevant ICAI announcement for CA Final exam.
Start of ICAI announcement – 13/12/2019 –
Study Guidelines for May 2020 examination – Final (New) Course Paper 8: Indirect Tax Laws
List of topic-wise exclusions from the syllabus
*Rates specified for computing the tax payable under composition levy and special rate of tax
prescribed under Notification 2/2019 CT (R) dated 07.03.2019 [Effective rate 6% – CGST 3% & SGST 3%]
are included in the syllabus.
(1) Applicability of the Finance (No. 2) Act, 2019
(i) Part I : GST – Except the amendment made in section 54 of the Central Goods and Services Tax
Act, 2017 [hereinafter referred to as CGST Act, 2017] and the retrospective amendments made in
rate Notification Nos. 2/2017 CT (R) & 2/2017 IT (R) both dated 28.06.2017 (for goods),
amendments made by the Finance (No. 2) Act, 2019 in the CGST Act, 2017 and Integrated Goods
and Services Tax, 2017 [hereinafter referred to as IGST Act, 2017] have not become effective till
Therefore, only the amendment made in section 54 of the CGST Act, 2017 is applicable for
May 2020 examinations; all the remaining amendments made by the Finance (No. 2) Act, 2019
in the CGST Act and the IGST Act, 2017 are not applicable for May 2020 examinations. It may
be noted that since rate of tax on goods is specifically excluded from the syllabus, retrospective
amendments made in the rate Notification Nos. 2/2017 CT (R) & 2/2017 IT (R) both dated
28.06.2017 are also excluded from the syllabus.
(ii) Part II: Customs & FTP – The amendments made by the Finance (No. 2) Act, 2019 in the Customs
Act, 1962 and the Customs Tariff Act, 1975 have become effective from 01.08.2019 and hence, the
same are applicable for May 2020 examinations.
(iii) Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 introduced vide Chapter V of the
Finance (No. 2) Act, 2019 is not applicable for May 2020 examinations.
(2) The former State of Jammu & Kashmir has been reorganized as the new Union Territory of Jammu and
Kashmir and the new Union Territory of Ladakh on 31st October 2019. Such reorganisation, to the extent
relevant in the context of GST law, shall not be applicable for May 2020 examination.
(3) In the above table, in respect of the topics of the syllabus specified in column (2) the related exclusion is
given in column (3). Where an exclusion has been so specified in any topic of the syllabus, the provisions
corresponding to such exclusions, covered in other topic(s) forming part of the syllabus, shall also be
(4) October 2019 edition of the Study Material is relevant for May 2020 and November 2020 examinations.
The amendments in the GST law and in the customs law and FTP – made after the issuance of this Study
Material – to the extent covered in the Statutory Update for May 2020 examination alone shall be relevant
for the said examination. The Statutory Update will be hosted on the BoS Knowledge Portal.
(5) The entire content included in the October 2019 edition of the Study Material (except the exclusions
mentioned herein) and the Statutory Update for May 2020 examination shall be relevant for the said
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End of ICAI announcement – 13/12/2019 –