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CA New Syllabus for CA Final Exam

CA New Syllabus for CA Final Exam 

CA New Syllabus: Chartered Accountants were the first accountants to form a professional accounting body. The Edinburgh Society of Accountants (1854), the Glasgow Institute of Accountants and Actuaries (1854) and the Aberdeen Society of Accountants (1867) were each granted a royal charter almost from their inception. The title is an internationally recognised professional designation and is generally equivalent to the American certified public accountant designation

In this article, we are including in-depth details about the subjects and syllabus for CA Final. Also, this article is provided with lots of download materials to help you in your exam.

Applicability of ca final syllabus for nov 2017 exam

Applicability of ca final syllabus for nov 2017 exam

Scroll down to Download the New Syllabus for CA Final Exam 

ICAI New Syllabus Applicable:

Below are the changes in the CA Final Exam which is applicable for 2016 exam.

CA Final Changes:

  • Capital Markets & Financial Services subjects are introduced.
  • Information Systems & Control Audit is removed.
  • Completion of the full period of article ship is required to eligible for CA final.

CA Final Syllabus – GROUP I  and Group 2

Ca Final syllabus Paper 1: Financial Reporting

1. Framework for Preparation and Presentation of Financial Statements in accordance with Indian Accounting Standards.

2. Application of Indian Accounting Standards (Ind ASs) and Existing Accounting Standards on various accounting aspects with reference to-

  • Separate financial statements
  • Consolidated financial statements
  • Disclosures
  • Financial instruments
  • Special transactions
  • Understanding of Industry Specific Accounting.

3. Application of Guidance Notes issued by ICAI on various accounting aspects.

4. Principles of Integrated Reporting.

Note – If either a new Indian Accounting Standard (Ind AS) or Accounting Standard (AS), Announcements and Limited Revisions to Ind AS / AS are issued or the earlier one is withdrawn or new Ind AS / AS, Announcements and Limited Revisions to Ind AS / AS are issued in place of existing Ind AS / AS, Announcements and Limited Revisions to Ind AS / AS, the syllabus will accordingly include/exclude such new developments in the place of the existing ones with effect from the date to be notified.

The list of Guidance Notes in Accounting applicable in this paper for a particular exam will be issued separately before the respective examination.

Annexure

Guidance Notes on Accounting Aspects applicable at Final level

  1.  Guidance Note on Accounting Treatment for Excise Duty.
  2. Guidance Note on Accounting Treatment for MODVAT/CENVAT.
  3. Guidance Note on Accounting for Credit Available in respect of Minimum Alternate Tax under the Income Tax Act, 1961.
  4. Guidance Note on the Revised Schedule VI to the Companies Act, 1956 (Now Schedule III to the Companies Act, 2013).
  5. Guidance Note on Accounting for Derivative contracts (issued 2015).
  6. Guidance Note on Accounting for Expenditure on Corporate Social Responsibility Activities (Issued May 15, 2015).
  7.  Guidance Note on Accounting for Oil and Gas Producing Activities (revised 2013).
  8. Guidance Note on Accounting Treatment for Excise Duty.
  9. Guidance Note on Accounting for State-level Value Added Tax.
  10. Guidance Note on Accounting for Real Estate Transactions (Revised 2012) and Guidance Note on Accounting for Real Estate Transactions (for entities to whom Ind AS is applicable) issued May 2016.
  11. Guidance Note on Accounting for Rate Regulated Activities.
  12.  Guidance Note on Accounting for Self-generated Certified Emission Reductions (CERs) (Issued 2012).
  13. Guidance Note on Accounting by Dot-Com Companies.

    CA Final syllabus Paper 2 : Strategic Financial Management

    1. Financial Policy and Corporate Strategy

    • Strategic decision-making framework
    • Interface of Financial Policy and strategic management
    • Balancing financial goals vis-a-vis sustainable growth.

    2. Risk Management

    • Identification of types of Risk faced by an organisation
    • Evaluation of Financial Risks
    • Value at Risk (VAR)
    • Evaluation of an appropriate method for the identification and management of financial risk.

    3. Advanced Capital Budgeting Decisions

    • Allowing inflation in Capital Budgeting Decision
    • Adjustment of Risk and Uncertainty in Capital Budgeting Decision
      1. Probability Analysis
      2. Certainty Equivalent Method
      3. Risk-Adjusted Discount Rate
      4. Monte Carlo Simulation
      5. Decision Tree Analysis
      6. Scenario Analysis
      7. Sensitivity Analysis
    • Adjusted Present Value
    • Specific Capital Budgeting Decisions (Replacement of Assets and Capital Rationing)

    4. Security Analysis

    • Fundamental Analysis
    • Technical Analysis
      1. Meaning
      2. Assumptions
      3. Theories and Principles
      4. Charting Techniques
      5. Efficient Market Hypothesis (EMH) Analysis

    5. Security Valuation

    • Theory of Valuation
    • Return Concepts
    • Equity Risk Premium
    • Required Return on Equity
    • Discount Rate Selection in Relation to Cash Flows
    • Approaches to Valuation of Equity Shares
    • Valuation of Preference Shares
    • Valuation of Bond
    • Valuation of Alternative Investments

    6. Lease Financing

    • Concept and Classification
    • Significance and Limitations of Lease Financing
    • Financial Evaluation of Leasing Decision

    7. Portfolio Management

    • Portfolio Analysis
    • Portfolio Selection
    • Capital Market Theory
    • Portfolio Revision
    • Portfolio Evaluation
    • Asset Allocation
    • Fixed Income Portfolio
    • Risk Analysis of Investment in Distressed Securities
    • Alternative Investment Strategies in context of Portfolio Management

    8. Foreign Exchange Exposure and Risk Management

    • Exchange rate determination
    • Foreign currency market
    • Management of transaction, translation and economic exposures
    • Hedging currency risk
    • Foreign exchange derivatives – Forward, futures, options and swaps

    9. International Financial Management

    • International Capital Budgeting
    • International Working Capital Management
      • Multinational Cash Management
        • Objectives of Effective Cash Management
        • Optimization of Cash Flows/ Needs
        • Investment of Surplus Cash
      • Multinational Receivable Management
      • Multinational Inventory Management

    10. Interest Rate Risk Management

    • Interest Rate Risk
    • Hedging Interest Rate Risk
      • Traditional Methods
      • Modern Methods including Interest Rate Derivatives

    11. Corporate Valuation and Reorganization

    • Conceptual Framework of Valuation
    • Approaches/ Methods of Valuation
      • Assets Based Valuation Model
      • Earning Based Models
      • Cash Flow Based Models
      • Measuring Cost of Equity
        • Capital Asset Pricing Model (CAPM)
        • Arbitrage Pricing Theory
        • Estimating Beta of an unlisted company
      • Relative Valuation
        • Steps involved in Relative Valuation
        • Equity Valuation Multiples
        • Enterprise Valuation Multiple
      • Other Approaches to Value Measurement
        • Economic Value Added (EVA)
        • Market Value Added (MVA)
        • Shareholder Value Analysis (SVA)
      • Arriving at Fair Value
      • Cross-Border Mergers
    • Corporate Restructuring
      • Conceptual Framework
      • Rationale
      • Forms
      • Mergers and Acquisitions
        • Financial Framework
        • Takeover Defensive Tactics
        • Reverse Merger
      • Divestitures
        • Partial Selloff
        • Demerger
        • Equity Carve-outs
      • Ownership Restructuring
        • Going Private
        • Management/ Leveraged Buyouts

    12. Islamic Finance

    • Major difference between Islamic Finance and other forms of Finance
    • Concept of Riba
    • Major Islamic Financial Instruments

    CA Final syllabus Paper 3: Advanced Auditing and Professional Ethics

    1. Auditing Standards, Statements and Guidance Notes

    Engagement & Quality Control Standards, Statements and Guidance Notes on Auditing issued by the ICAI; Significant differences between Engagement & Quality Control Standards and International Standards.

    2. Risk Assessment and Internal Control

    Evaluation of internal control procedures; Components of internal controls; Techniques including questionnaire, checklist, flowchart; Internal control and risk assessment; Risk-based audit- audit risk analysis, general steps; Internal audit; Reporting on internal control weaknesses; Salient features of Sarbanes Oxley Act with special reference to reporting on Internal Control; COSO Framework.

    3. Audit of Limited Companies

    Application of Relevant Provisions under the Companies Act, 2013 relating to Audit and Auditors and Rules made thereunder; Powers/rights, duties of auditors; Branch Audit, significance of true and fair view; Dividends and divisible profits- financial, legal, and policy considerations; depreciation; Special features of audit of Limited Liability Partnerships (LLPs)- Eligibility for audit, appointment of auditor, remuneration, etc.

    4. Liabilities of Auditors

    Professional negligence; Civil liabilities; Criminal liabilities; Liabilities under Income Tax Act.

    5. Audit Reports

    Basic elements of auditor’s report; Types of opinion; Audit report under the Companies Act, 2013; Reporting under CARO; Notes on accounts; Distinction between notes and qualifications; Distinction between audit reports and certificates; Audit reports and certificates for special purpose engagements; Detailed observations by the statutory auditor to the management vis-a-vis obligations of reporting to the members.

    6. Audit Committee and Corporate Governance

    Audit committee under clause 49 of the listing agreement; Audit committee under the Companies Act, 2013; Role of auditor in Audit Committee and Certification of Compliance of Corporate Governance; Disclosure requirements; Report on corporate governance.

    7. Audit of Consolidated Financial Statements

    Provisions under the Companies Act, 2013 in respect of Accounts of Companies and Rules made thereunder; Audit of Consolidated Financial Statements- responsibility of parent company, auditor of the consolidated financial statements; audit considerations- permanent consolidation, current period consolidation; reporting.

    8. Miscellaneous Audits

    Special features of audit of banks, insurance companies, co-operative societies and non-banking financial companies.

    9. Audit under Fiscal Laws

    Audit under Fiscal Laws, viz, Direct and Indirect Tax Laws.

    10. Cost Audit

    Types, advantages of cost audit; Cost audit under the Companies Act, 2013.

    11. Special Audit Assignments

    Special audit assignments like audit of members of stock exchange, mutual funds, depositories, bank borrowers; Environmental audit; Energy Audit.

    12. Audit of Public Sector Undertakings

    Audit of government companies; Comprehensive audit; Concept of propriety audit; Performance audit.

    13. Internal Audit, Management and Operational Audit

    Provisions of internal audit as per Companies Act, 2013; Scope of internal auditing; Relationship between internal and external auditor; Internal Audit Standards issued by the ICAI; Management Audit and Operational audit.

    14. Investigation and Due Diligence

    Audit versus Investigation; Steps for investigation; Types of investigation; procedure, powers, etc. of the investigator; Forensic audit- meaning, the difference between a statutory audit and forensic audit, the category for forensic engagements, a collection of evidence etc; due diligence.

    15. Concept of Peer Review

    16. Professional Ethics

    Code of Ethics with special reference to the relevant provisions of the Chartered Accountants Act, 1949 and the Regulations thereunder.

    Note:

    (i) The provisions of the Companies Act, 1956 which are still in force would form part of the syllabus till the time their corresponding or new provisions of the Companies Act, 2013 are enforced.

    (ii) If new legislation is enacted in place of the existing legislation, the syllabus would include the corresponding provisions of such new legislation with effect from a date notified by the Institute.

    CA New Syllabus: CA Final Syllabus Paper 4: Corporate and Other Economic Laws

    Section A: Company Law (70 Marks)

    1. The Companies Act, 2013 and Rules framed thereunder in its entirety with specific reference to section 149 onwards:

    • Appointment and Qualifications of Directors
    • Appointment and remuneration of Managerial Personnel
    • Meetings of Board and its powers
    • Inspection, inquiry and Investigation
    • Compromises, Arrangements and Amalgamations
    • Prevention of Oppression and Mismanagement
    • Revival and Rehabilitation of Sick Companies
    • Winding Up
    • Producer Companies
    • Companies incorporated outside India
    • Offences and Penalties
    • E-governance
    • National Company Law Tribunal and Appellate Tribunal
    • Special Courts
    • Miscellaneous Provisions

    2. Corporate Secretarial Practice-Drafting of Resolution, Minutes, Notices and Reports

    Note: The provisions of the Companies Act, 1956 which are still in force would form part of the syllabus till the time their corresponding or new provisions of the Companies Act, 2013 are enforced.

    Other Economic Laws (30 Marks)

    3. The Foreign Exchange Management Act, 1999- Overview: Introduction, broad structure of FEMA, Definition, Regulation and Management of Foreign Exchange, Contraventions and Penalties, in brief, miscellaneous provisions

    4. The Competition Act, 2002- Overview: Introduction, Competition Policy and Law, Competition Act, 2002 and further amendments and Definitions.

    5. The Banking Regulation Act, 1949- Overview: Introduction, Business of banking companies, Reserve fund, restriction on loan and advances, Audit and different provision.

    6. The Prevention of Money Laundering Act, 2002-Advanced portion: Definitions, Punishment for the Offence of Money laundering, Obligation of Banking Companies, Financial Institutions and Intermediaries or a person carrying on a designated business or profession, Appellate Tribunal, Special Court, Procedure for Attachment and Confiscation of Property and Recovery of fines and penalties.

    7. The Intellectual Property Rights- Trademark and Patent Rights- Overview: covering trademark and patent rights, Trade Mark: Important definitions, procedure and effect of registration and other provisions Patents Rights: Preliminary, Inventions not patentable, grant of Patents and rights conferred thereby and other provisions

    8. Foreign Contribution Regulation Act, 2010- Overview: Definitions, Regulation of Foreign contribution and Miscellaneous provisions

    9. Legislative framework on listing agreements- Clause 35 and 41 of the listing agreements required for the working of the listing companies

    10. General Clauses Act, 1897- Overview: Important definitions and Applicability, Commencement, termination and computation of time, Powers conferred to be exercisable from time to time, Power to appoint include power to suspend or dismiss, Constructions of Notification, etc, issued under enactments, Power to issue, to include power to add to, amend, vary or rescind notifications, orders, rules, or by-laws and other provisions.

    11. *The Bankruptcy and Insolvency Code, 2015- Overview: Preliminary, Corporate insolvency resolution process, Liquidation process and other provisions

    12. **The Arbitration and Conciliation Act, 1996-Overview: General Provisions, Arbitration
    agreement, Tribunal, Conciliation

    13. **The Societies Registration Act, 1860- Overview: Formation of society by Memorandum of
    association and registration and other related provisions

    14. **The Indian Trust Act, 1882- Overview: Creation of Trusts, Duties and Liabilities, Certain obligations in the nature of trusts

    15. **The Co-operative Societies Act, 1912- Overview: Preliminary, Registration, Duties of
    Registered societies, Privileges and Miscellaneous provisions

    *yet to receive the assent of the President of India.

    ** To be discussed

    Note: If new legislations are enacted in place of the existing legislation, the syllabus would include the corresponding provisions of such new legislation with effect from a date notified by the Institute. Similarly, if any existing legislation ceases to have an effect, the syllabus will accordingly exclude such legislation with effect from the date to be notified by the Institute.

    CA Final Syllabus Paper 5: Advanced Management Accounting

    (Proposed Nomenclature*: Strategic Management Accounting)

    Part-A Strategic Cost Management & Decision Making

    CA New SyllabusSub-Part-I

    Strategic Cost Management

    Introduction to Strategic Cost Management

    • Concept of Strategic Cost Management
    • Traditional Cost Management Vs Strategic Cost Management

    Modern Business Environment

    • Introduction/ Characteristics of the Modern Business Environment
    • Cost of Quality & Total Quality Management
    • Throughput Accounting and Theory of Constraints
    • Supply Chain Management (SCM)
    • Gain Sharing Arrangements
    • Outsourcing

    Lean System and Innovation

    • Introduction to Lean System
      • Just-in-Time (JIT)
      • Kaizen Costing
      • 5 Ss
      • Total Productive Maintenance (TPM)
      • Cellular Manufacturing/ One-Piece Flow Production Systems
      • Six Sigma (SS)
    • Introduction to Process Innovation and Business Process Re-engineering (BPR)

    Cost and Management Accounting Techniques

    • Target Costing
    • Value Analysis/ Value Engineering
    • Life Cycle Costing

    Sub-Part-II

    Strategic Decision-Making

    Decision Making using Cost Concepts and CVP Analysis

    • Decision-Based on Relevant Costing Principles
    • Decision Making Based on Activity Based Costing
    • Qualitative and Long-Term Aspects of Short-Term Decisions
    • Other Short Term/ Long Term Decisions

    Pricing Strategies / Decisions

    • Theory & Principles of Product Pricing
    • Pricing – New Product, Finished Products & Pricing of Services
    • Sensitivity Analysis in Pricing Decisions
    • Pricing Decision under Special Circumstances
    • Pricing Strategies

    CA New Syllabus- Part-B

    Control and Performance Measurement

    CA New Syllabus- Sub-Part-I

    Management Accounting Control

    Budgetary Control – Behavioural Aspects

    • Concept of Budget as a Control System
    • Behavioural Aspects of Budgeting/ Budgetary Control
    • Beyond Budgeting

    Control through Standard Costing – Analysis and Interpretation of Variances

    • Analysis of Advanced Variances – Planning and Operational Variances/ Controllable and Uncontrollable Variances, Learning effect in Variance Analysis, Quality Cost Variances, Variance Analysis in Service Industry (including the phenomenon of “McDonaldization”) and Public Services, Variance Analysis in Activity Based Costing, Standard Process Costing, Relevant Cost Approach to Variance Analysis
    • Integration of Standard Costing with Marginal Cost Accounting
    • Reconciliation of Statements
    • Variance Investigation, Variance Investigation Techniques, Interpretation of Variances, Possible Interdependence Between Variances, and Reporting
    • Criticism of Standard Costing (including its use in the contemporary business environment)

    CA New SyllabusSub-Part-II

    Performance Measurement and Reporting

    Divisional Performance Measures

    • Responsibility Accounting
    • Financial and Non-Financial Performance Measures, Critical Success Factors and Link to Performance Measurement, Key Performance Indicators (KPI)
    • Performance Measurement in the Not-for-Profit Sector
    • Preparation of Performance Reports

    Divisional Transfer Pricing

    • Meaning, Purpose & Principles of Transfer Pricing
    • Methods of Transfer Pricing
    • The Behavioural Consequences arising from Divisional Structures
    • International Transfer Pricing

    Strategic Analysis of Operating Income

    • Operating Profit Analysis
    • Advanced Activity Based Costing – Direct Product Profitability, Direct Customer Profitability, Distribution Channel Profitability; Activity – Based Management (ABM); Activity – Based Budgeting (ABB)
    • Pareto Analysis

    Part – C

    Quantitative Methods to Management Accounting

    Application of Quantitative Methods to Management Accounting

    • Learning Curve/ Experience Curve
    • Linear Programming, Transportation & Assignment Problems
    • Simulation
    • Network Analysis

    *NOMENCLATURE

    To make this subject internationally comparable, the name of the subject may be changed to
    “STRATEGIC MANAGEMENT ACCOUNTING”.

    CA New Syllabus- CA Final Syllabus Paper 6A : Financial Services and Capital Markets

    1. Indian Financial System

    • Financial Market
    • Capital Market
    • Primary Market
    • Secondary Market
    • Money Market Instruments
    • Equity Market
    • Debt Market

    2. Capital Market

    • New Issue Market
    • Right Issue
    • Secondary Market
      • Stock Market Operations
      • Indian Debt Market

    3. Commodity Market

    • What are Commodity Markets
    • Role of Commodity Markets
    • Commodity Market in India
    • Application of Derivative in Commodities
    • Global Commodities Exchanges

    4. Derivatives Analysis and Valuation

    • Forward/ Future Contract
    • Options
    • Swaps

    5. Merchant Banking

    • Basics
    • Meaning
    • Organization
    • Scope of Merchant Banking
    • Functions of Merchant Banking

    6. Mutual Funds

    • Meaning
    • Evolution
    • Types
    • Performance Measures
    • Mutual Fund Organisation
    • Advantages and Disadvantages of Mutual Fund
    • Exchange Traded Funds (ETFs)

    7. Factoring and Forfaiting

    • Introduction and Concept
    • Factoring and Bill Discounting
    • Mechanism
    • Service Package
    • Types of Factoring
    • Benefits and Problems of Factoring
    • Financial Aspects of Factoring
    • Financial Evaluation of Factoring Decision
    • Forfaiting

    8. Credit Rating

    • Introduction
    • Rating Services
    • Objectives and types
    • Uses
    • Credit Rating Process
    • Credit Rating Methodology
    • Rating Revisions
    • Credit Rating Agencies in India
    • Limitations
    • SEBI and Credit Rating

    9. Securitization

    • Introduction
    • Concept and Definition
    • Benefits of Securitization
    • Participants in Securitization
    • Mechanism of Securitization
    • Problems in Securitization
    • Securitization Instruments
    • Pricing of Securitization Instruments
    • Securitization in India

    10. Private Equity

    • Meaning and Classification
      • Venture Capital
      • Buyouts
      • Special Cases
    • Risk and Cost of Investing in Private Equity
    • Exit Routes
    • Valuation of Private Equity Transactions
    • Private Equity Funds

    11. Investment Banking

    • Concept
    • Functions
    • Challenges
    • Developments in Investment Banking

    12. The Securities and Exchange Board of India Act, 1992

    • Rules
    • Regulations
    • Guidelines issued thereunder

    13. Legislative framework on listing agreements

    14. The Securities Contract (Regulation) Act, 1956

    15. Chapter III-D of the RBI Act, 1934

    CA Final syllabus Paper 6B: Information Systems Control and Audit

    Chapter 1: Concepts Of Governance And Management Of Information Systems

    • Overview of Governance, Risk and Compliance (GRC);
    • Overview of Governance of Enterprise IT (GEIT);
    • COBIT 5 Framework: Principles, Enablers, Processes, Assurance

    Chapter 2: Information Systems’ Controls And Risk Management

    • Need for protection of Information systems, Business impact of various Information Systems Risks, IT Risk Management;
    • Need of controls and control objectives, Overview of Information Systems’ Controls – Management Control and Application Control framework;
    • Information Systems Security Policies, Standards and Guidelines; Review and monitoring of controls at various levels – Parameters, user creation, granting of access rights, segregation of duties etc.;
    • Internal Controls over Financial Reporting (ICFR), Control failures, Information Technology related fraud.

    Chapter 3: Information Systems’ Audit

    • Different types of Information Systems Audit and assurance engagements;
    • Auditing Information Systems – Approach methodology, best practices and standards;
    • Information Systems (IS) Audit planning and Business Continuity Planning (BCP) Audit;
    • Ethics and Standards for the Information System’s Auditor;
    • Auditing Information Technology using Computer Assisted Audit (CAAT) Tools and Techniques, Risk assessment techniques, Business Intelligence and Business analytics;
    • System Audit Report as per best practices.

    Chapter 4: Business Continuity Planning And Disaster Recovery Planning

    • Assessing and mapping Business Continuity Management (BCM) practices to organization requirements, objectives and budgets;
    • Assessing the process of Business Impact Analysis (BIA);
    • Evaluate adequacy of Business Continuity Plans processes and practices;
    • Disaster Recovery Strategies and Plans;
    • Data Backup, Retention and Restoration Practices, Documentation; BCP Manual and BCM Policy;
    • Industry best practices and regulatory requirements as relevant for Business Continuity Management (BCM).

    CA Final syllabus Paper – 7 : Advanced Direct Tax Laws And International Taxation

    CA New Syllabus- Part 1 : Advanced Direct Tax Laws (70 Marks)

    Law and Procedures under the Income-tax Act, 1961,

    (i) Basis of charge, income which does not form part of total income, heads of income, income of other persons included in assessee’s total income, aggregation of income, set-off and carries forward of losses, deductions from gross total income, rebates and reliefs

    (ii) Special provisions relating to companies and certain persons other than a company¹

    (iii) Liability in Special Cases²

    (iv) Tax Planning, Tax Avoidance & Tax Evasion

    (v) Income-tax Authorities

    (vi) Procedure for assessment

    (vii) Appeals and Revision

    (viii) Settlement of Tax Cases

    (ix) Penalties

    (x) Offences & Prosecution

    (xi) Miscellaneous Provisions

    (xii) Collection & Recovery of Tax, Refunds

    (xiii) Other Provisions³

    ¹Including firms, LLPs, Trusts, AOPs, BOIs, Securitisation Trusts, Business Trusts, Investment Fund etc.

    ²Representative assessees, Executors etc.

    ³The entire income-tax law is included at the Final level. Any residuary provision under the Income-tax Act, 1961, not covered under any of the above specific provisions and under the provisions relating to International Taxation in Part II, would be covered under “Other Provisions”. Further, if any new chapter is included in the Income-tax Act, 1961, the syllabus will accordingly include the provisions relating thereto.

    CA New Syllabus- Part II: International Taxation (30 Marks)

    (1) International Taxation provisions under the Income-tax Act, 1961, including

    • Non-resident Taxation
    • Double Taxation Relief
    • Transfer Pricing & Other Anti-Avoidance Measures
    • Advance Rulings
    • Specific Reporting Regime in respect of Country by Country reporting and master file
    • Tax incentives to International Financial Services Centre

    (2) Equalisation levy

    (3) Overview of Model Tax Conventions 4

    (4) Tax treaties: application and interpretation

    (5) Tax Information Exchange Agreements

    (6) Base Erosion and Profit Shifting

    (7) Law and Procedures under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015.

    Note: If any new legislation(s) are enacted in place of an existing legislation(s), the syllabus will accordingly include the corresponding provisions of such new legislation(s) in the place of the existing legislation(s) with effect from the date to be notified by the Institute. Similarly, if any existing legislation(s) on direct tax laws ceases to be in force, the syllabus will accordingly exclude such legislation(s) with effect from the date to be notified by the Institute

    CA Final syllabus Paper 8: Advanced Indirect Tax Laws

    CA New Syllabus- Section A: Central Excise, Service Tax and GST (75 Marks)

    I. Central Excise Law as contained in the Central Excise Act, 1944 and the Central Excise Tariff Act, 1985

    • Constitutional aspects
    • Levy of excise duty – All provisions including application of excise law, taxable event, charge of excise duty, concept of goods and excisable goods, manufacture, rate of excise duty, exemption from excise duty
    • Classification and Valuation of excisable goods
    • CENVAT Credit mechanism
    • Procedures under central excise – All procedures including removal of excisable goods, registration, invoicing, records, payment of excise duty, returns, assessment, bonds, warehousing of excisable goods, remission of duty, export procedures, SSI exemption
    • Demand, Adjudication, Refund, Offences, Penalties, Confiscation, Prosecution
    • Powers of Central Excise Officers, Recovery proceedings, Audit under central excise
    • Appeals and Revision, Advance Ruling, Settlement Commission
    • Other provisions¹

    II. Law relating to service tax as contained in the Finance Act, 1994 as amended from time to time.

    • Constitutional and other general aspects
    • Levy of service tax – All provisions including application of service tax law, concept of service, charge of service tax, negative list of services, declared services, bundled services, date of determination of rate of tax, value of taxable service and rate of exchange, place of provision of service, point of taxation
    • Valuation of taxable service
    • Exemptions and Abatements
    • Procedures under service tax -All procedures including registration, invoicing, person liable to pay service tax, payment of service tax including payment under reverse charge, interest on delayed payment of service tax, returns, records, assessment
    • Demand, Adjudication, Offences, Penalties, Prosecution, Powers of Central Excise Officers, Recovery proceedings, Audit under service tax
    • Appeals, Advance Ruling
    • Other provisions²

    III. Goods and Services Tax (GST) – Overview of proposed GST in India

    CA New Syllabus- Section B: Customs (25 Marks)

    I. Customs Law as contained in the Customs Act, 1962 and the Customs Tariff Act, 1975

    • Constitutional aspects
    • Levy of customs duty – All provisions including application of customs law, taxable event, charge of customs duty, exceptions to levy of customs duty, exemption from customs duty
    • Types of duties
    • Classification and valuation of imported and export goods
    • Import and Export Procedures – All import and export procedures including special procedures relating to baggage, goods imported or exported by post, stores
    • Provisions relating to prohibited goods, notified goods, specified goods, illegal importation/exportation of goods
    • Warehousing and Drawback
    • Demand, Adjudication, Refund, Offences, Penalties, Confiscation, Prosecution
    • Powers of Proper Officers, Recovery proceedings
    • Appeals and Revision, Advance Ruling, Settlement Commission
    • Other provisions³

    II. Foreign Trade Policy to the extent relevant to the indirect tax laws

    • Introduction to FTP – legislation governing FTP, salient features of an FTP, administration of FTP, contents of FTP and other related provisions
    • Overview of provisions relating to import and export of goods
    • Overview of export promotion schemes provided under FTP

CA New Syllabus CA New Syllabus for CA Final Exam 

CA New Syllabus

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You can download cs final new syllabus here Click here to download the Syllabus for CA Final Exam.

CA New Syllabus for Nov 2017 exam

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