CA Intermediate GST Classes For CA Student

CA Intemediate GST Classes
CA Intemediate GST Classes
CA Intemediate GST Classes

CA Intermediate GST (IPCC) Classes

The objective of this document is to summarize all the updates of CA Intermediate GST Classes (CA IPCC) (Notifications, Circulars, other amendments, and updates) in one place.
2 Central tax notifications,
1 Integrated tax notification,
And also the council has approved the new GST rates for the real estate sector in the 33rd meeting.

CA Intermediate GST (CA IPCC) Important Notices

1.0 Notifications:
Objective:
I. Notification No. 8/2019_Central tax dated 08th Feb.2019:
GSTR-7 (Return for TDS) for Jan’19 from 10th Feb’19 to 28th Feb’19 to 28th Feb’19.
filing GSTR-3B for Jan’19 from 20th Feb to

  1. Feb.19 for Jammu & Kashmir
  2. Feb.19 for the remaining states

III. Notification No. 2/2019_Integrated tax (Rate) dated 04.Feb.2019:
Since the definition of exports and the Sec 54 of the CGST act have been amended to include the supplies to Nepal and Bhutan under definition of Exports, the Notification No.02/2019 was issued to rescind the exemption entry 10D (the exemption of IGST, for the supplies made to Nepal & Bhutan) of the Notification no.9/2017 dated 28th Jun’17. 2.0

CA Inter GST Classes
CA Inter GST Classes

CA Intermediate GST Circulars (CA IPCC):

I. Circular No. 88/07/2019 Central Tax dated 01.02.2019:
Circular No. 8/8/2017_04.10.2017_”Master circular relevant for the export procedures and refunds” was amended in view of the amendment allowing realization of export proceeds in INR, wherever allowed by the RBI (CA Intermediate/ IPCC). [2(6) of IGST act].
Circular No. 38/12/2018_26.03.2018_”Clarification on issues related to Job Work” was amended to in view of the (IPCC) amendment carried empowering the Commissioner to extend the period for return of inputs and capital goods from the job worker and also the RCM on services received from un-registered job workers. [9(4) and 143 of CGST act.]
Circular No. 41/15/2018_13.04.2018_” Procedure for interception of conveyances for inspection of goods in movement…………” was amended to in view of the amendment carried out extending the time limit from 7days to 14 days for owner/transporter to pay tax/penalty for seized goods. [Sec 129 of the CGST act].

CA Intermediate GST Updates (IPCC)

After observing that the majority of taxpayers are not reporting details in Table 3.2 of GSTR-3B,
III. Circular No. 90/09/2019 Central Tax dated 18.02.2019:
IV. Circular No. 91/10/2019 Central Tax dated 18.02.2019:
In Circular 46/2017_Customs_Dated 24.Nov.17, it was clarified that,
In Circular 3/2018_IGST(CA Intermediate)_Dated 25.May.18, it was clarified that, considering the amendments in the Customs Tariff Act (IPCC),
This shall be applicable w.e.f. 01.Apr.18.
There was no provision in GSTR-1 for changing POS for such B2B supplies. If the supplier and recipient are in the same state, it was considered as Intra-state sales.
3.0 33rd GST Council meeting updates (IPCC):
I. GST on Residential properties

The proposed GST rate for the residential flats are as followed:

1% for the Affordable housing
5% for the others
For qualifying as “affordable housing” below 2 conditions should be satisfied:
Carpet area of up to 90 Sqm in non-metropolitan cities/towns and 60 Sqm in metropolitan cities and
The value < 45Laks in both Metro/Nonmetropolitan cities
The effective date shall be 01.Apr.19.
II. Others (IPCC)
The existing rates shall continue for the commercial projects
The taxation on betting and lotteries shall be taken up in the future council meetings.

Click Here: CA Intermdiate New Course

Also Read-

CA INTER/IPCC- Basic Introduction of Income Tax

CA Inter/IPCC

Basic Introduction of CA Inter Income Tax

For CA INTER/ IPCC May 2019 and Nov 2019, CS EXECUTIVE- JUNE 2019 AND DEC. 2019, CMA Inter- June 2019 And Dec.2019 and also for B.COM Pass/Hons.
TOTAL NO. OF LECTURE OF INCOME TAX FOR CA IPCC/INTER – 80 LECTURE APPROX.
FOR CS EXECUTIVE – 88 Lec. (Approx)
FOR CMA INTER – 88 Lec. (Approx)
FOR B.COM PASS/HONS – 88 LECTURE APPROX.

About CA Inter Faculty Jassprit S Johar Sir:

Qualified as Chartered Accountant in the year 2003. Since then he has guided students of CA/CS/CMA/B.Com (IPCC) for the subject of CA IPCC Taxation [Income Tax (DT) & GST(IDT)] for the past 15 years.

JASSPRIT S Johar (IPCC) is fellow Member of “Institute of Chartered Accountants of India” having qualified in May 2004.

He has had a bright academic career and has completed his graduation from

“Guru Gobind Singh College of Commerce”, Delhi University in 1999.

He has practiced as a Tax Consultant and has also been teaching “IPCC Taxation” for the past fifteen years.

He has earned the confidence of over thirty-five thousand students in short span of his teaching career He has visited faculty member of ICAI-NIRC for taxation for CA-IPCC for five years.

CA Intermediate Course

Intermediate Course

Intermediate Course

CA Intermediate Course – Students after completion of FOUNDATION course enters into the second level of CA- CA Intermediate Course also called as IPCC. Let us have an overview of this level so that we can understand it before starting the course.

Intermediate Course

CA Intermediate Course – This is the first stage of the Chartered Accountancy curriculum wherein only working knowledge of core and allied subjects to accountancy profession is covered, while at the Final course, advanced application knowledge of core and allied subjects to accountancy profession has been intended to be inculcated. The unique feature of the entire theoretical education of the Chartered Accountancy curriculum is the supportive and complementary practical training. A student would undergo theoretical education and three years of practical training compulsorily during the course ofChartered Accountancy. This balanced approach will help the students to appreciate the underlying practical applications of the theoretical education scheme.

In order to develop a strong theoretical base, students of Intermediate Course, who have registered through Foundation Course route or Intermediate level examination passed students of The Institute of Cost Accountants of India or The Institute of Company Secretaries of India, are required to undergo eight months study course before appearing for the first time in the Intermediate Examination. Since a proper understanding of the modern world necessitates knowledge of present-day technology and skills, students are imparted Four Weeks Integrated Course on Information Technology and Soft Skills (ICITSS) before joining for the practical training. It is to be noted that such students can join practical training only after passing either or both Groups of Intermediate Course.

Intermediate Course registration is valid for 4 years and can be revalidated any number of times for further 4 years period by paying revalidation fee of Rs.400/- or as decided by the Council from time to time.

Subjects covered in CA Intermediate Course

Group I

Paper-1: Accounting (100 Marks)

Paper-2: Corporate Laws & Other Laws (100 Marks)

  • Part I: Company Law (60 Marks)
  • Part II: Other Laws (40 Marks)

Paper-3: Cost and Management Accounting (100 Marks)

Paper-4: Taxation (100 Marks)

  • Section A: Income-Tax Law (60 Marks)
  • Section B: Indirect Taxes (40 Marks)

Group II

Paper-5: Advanced Accounting (100 Marks)

Paper-6: Auditing and Assurance (100 Marks)

Paper-7: Enterprise Information Systems & Strategic Management (100 Marks)

  • Section A: Enterprise Information Systems (50 Marks)
  • Section B: Strategic Management (50 Marks)

Paper-8: Financial Management & Economics for Finance (100 Marks)

  • Section A: Financial Management (60 Marks)
  • Section B: Economics for Finance (40 Marks)

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CA Intermediate Courses Eligibility

A student who has passed the Foundation Examination is eligible for registration to Intermediate Course. A student who is Graduate/ Post Graduate in Commerce having secured in aggregate a minimum of 55% of the total marks or its equivalent grade in the examination conducted by any recognized University (including openUniversity) by studying any three papers carrying a minimum of 50 marks in a semester/year and cumulatively 100 or more marks over the entire duration of the concerned course out of Accounting, Auditing, Mercantile Laws, Corporate Laws, Economics, Management (including Financial Management), Taxation (including Direct Tax Laws and Indirect Tax Laws), Costing, Business Administration or Management Accounting or similar to the title of these papers with different nomenclatures or other than those falling under Commerce stream having secured in aggregate a minimum of 60% of the total marks or its equivalent grade in the examination conducted by any recognized University (including Open University)and candidates who have passed the Intermediate level examination conducted by The Institute of Cost Accountants of India or by The Institute of Company Secretaries of India are exempted from qualifying Foundation Examination and can join the Intermediate Course.

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CA Intermediate Courses Registration

A candidate has to register for Intermediate Course by filling Online Registration Form available on ICAI website (www.icai.org) in “Course Registration Forms” under “Students tab”.

Intermediate Students While filling the online form, candidates should take care of the following:

  • After filling the Online Form pay the required fees online using the payment gateway.
  • On successful payment, the system will automatically generate the Form, which is to be printed

Following documents are to be submitted to concerned RIntermediateegional Office within 7 days of the date of online registration along with the print out of the online registration form, duly signed by the candidate.

  • Foundation Route students have to submit attested copy of mark sheet of Class 12th or its equivalent CentralGovernment recognized examination pass marks statement.
  • Direct Entry Route students have to submit attested copy of Graduation/ Post Graduation mark statement/mark sheet of Intermediate level examination of the Institute of Company Secretaries of India or theInstitute of Cost Accountants of India.
  • One recent color photograph (affixed on the printout of the online successful registration form)
  • Attested copy of proof of Nationality if the student is a foreigner.
  • Attested copy of proof of special category certificate,i.e, SC/ST, OBC, Differently abled.

The form and documents are to be submitted in consonance with the address at the following Regional Offices:

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CA Intermediate Courses Syllabus

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