The
syllabi of Part II: Service Tax and VAT of Paper 4: Taxation and Paper 7A: Information
Technology of Intermediate (IPC) Course have been revised in terms of the decision
of the Council taken at its 324th meeting held in March, 2013.
It
may be noted that the examinations of the aforesaid papers in accordance with
the revised syllabi will be held from November, 2014 onwards in respect of all
the candidates.
It
is clarified that the revised syllabi of the aforesaid papers will not be
applicable in November, 2013 and May, 2014 examinations and students will be
examined only on the basis of the existing syllabi in these examinations.
The
syllabus of Part –II of Paper 4: Taxation has been revised to increase
the scope of its coverage in line with the growing significance of indirect
taxes. For instance, basic concepts of significant indirect taxes viz., excise
duty, customs duty and central sales tax have been introduced in the syllabus,
in addition to service tax and VAT.
The
syllabus of Paper 7A: Information Technology has been revised to include
IT concepts, which are not only current but also practical and relevant to the
CA students at Intermediate (IPC) level along with their proper linkages with
other subjects such as accounting, auditing etc.
Highlights
of the significant changes made in the Syllabus
A.
Part –II of Paper 4: Taxation
(i) Part-II of the paper has been rechristened as “Indirect Taxes” as
the objective of the revised syllabus is to develop an understanding of the
basic concepts of the different types of indirect taxes and to acquire the
ability to analyze the significant provisions of service tax as against the
existing coverage which is limited to service tax and VAT.
(ii) Basic concepts relating to levy, taxable event etc. of excise
duty, customs duty and central sales tax have been included in the syllabus.
(iii) Following new topics have been added in service tax:
(a) Exemption and abatements
(b) Invoicing for taxable services
(c) Registration
(iv) CENVAT Credit [Rule 1 -9 of CENVAT Credit Rules, 2004] provisions
have also been included in the syllabus.
B.
Paper 7A: Information Technology
Following
new major topics have been added in the Syllabus:
(i) Business Process Management and IT highlighting
Introduction to various Business processes, Business Process Automation-
Benefits and Risks, Approaches for mapping, Impact of IT on Business processes,
Business Risks of failure of IT and Business Process Re-Engineering etc., and
(ii) Business Process Automation through Application Software highlighting
Overview of Business Applications, Relevant controls and Information Systems,
Information Processing, Emerging concepts like virtualization etc.
The
Study Materials prepared in accordance with the revised syllabi will be hosted
on the Institute’s website in the first week of November, 2013. The same will
also be made available at the sale counters of the regions and branches in due
course of time.
