CMA Final Cracker Indirect Tax Laws and Practice (ITLP)

Indirect Tax Laws & Practice | CRACKER is an authoritative exam companion meticulously designed for CMA Final students appearing for Group IV – Paper 19. This Edition is aligned with the latest exam trends, offering comprehensive coverage of Goods and Services Tax (GST), Customs Act & Rules, and the Foreign Trade Policy (FTP) 2023. The book serves as an essential revision tool by consolidating fully solved past examination papers (up to June 2025) with module-wise analysis, trend insights, and examiner-style solutions. With its exam-oriented approach and rigorous content, it enables aspirants to bridge the gap between conceptual mastery and high-scoring exam performance.

The Present Publication is the 1^st Edition for the Dec. 2025/June 2026 Exams. This book is authored by CMA Nidhi Mody, with the following noteworthy features:

• [Comprehensive Coverage of Solved Past Exam Papers] Includes all relevant CMA-Final Indirect Tax exam questions fully solved, up to June 2025
• [Module-wise Marks Distribution & Trend Analysis] Visual breakdown of marks across modules, enabling students to identify high-weightage areas and prioritise their revision accordingly
• [Tabular Summaries] Each chapter opens with a tabular summary for rapid revision and topic overview
• [Module-wise Comparison with Study Material] Direct mapping of book chapters to CMA Study Material modules, ensuring thorough and targeted preparation
• [Examiner-style Step-by-step Solutions] Solutions are presented in a clear, structured format, mirroring examiner expectations and maximising scoring potential
• [Designed for the Latest Syllabus] Content and weightages reflect the 2022 syllabus, with updates for recent legislative changes and FTP 2023
• [Ideal for Exam Revision] The CRACKER format makes it a perfect tool for intensive last-mile revision and self-assessment
• [Authored by an Expert] CMA Nidhi Mody brings deep subject-matter expertise, ensuring both academic accuracy and practical clarity
• [Comprehensive and Practice-driven] From basics to advanced topics, the book addresses all learning needs—whether conceptual understanding, practice, or strategy

The coverage of the book is as follows:

• Section A—Goods and Services Tax Act & Rules
  • Module 1 | Basics, Supply & Composition Scheme
  • Module 2 | Time of Supply
  • Module 3 | Place of Supply
  • Module 4 | Value of Supply
  • Module 5 | Input Tax Credit
  • Module 6 | TDS & TCS under GST
  • Module 7 | E-Way Bill
  • Module 8 | GST Refunds
  • Module 9 | GST Returns
  • Module 10 | GST Registration
  • Module 11 | Accounts & Records
  • Module 12 | Audit, Dispute Resolution Mechanism, Inspection, Search & Seizure (with in-depth coverage of assessment, audit, appeals, and penalties)
  • Module 13 | Other Miscellaneous Provisions (Anti-Profiteering, E-Invoicing, Transitional Provisions, Electronic Ledgers)
• Section B—Customs Act & Rules
  • Module 14 | Customs Act & Rules (including Import Valuation, Warehousing, Duty Drawback, Baggage, Concessional Rate Imports, Remission, Refund, Trade Facilitation)
  • Module 15 | Foreign Trade Policy (2023) – Salient Features & Schemes
  • Module 16 | Special Economic Zone Scheme – Salient Features & Schemes
• Prelims & Analytical Tools
  • Module-wise Marks Distribution – Historical analysis (2023-2025) of marks for each module
  • Previous Exams Trend Analysis – Exam-wise breakup of compulsory and optional questions, with marks and topic tags
  • Module-wise Comparison with Study Material – Quick cross-reference for targeted study

The structure of the book is as follows:

• Module-wise Organisation – Each module covers a major area of the syllabus, subdivided into focused chapters
• Tabular Chapter Summaries – Every chapter starts with a summary table for last-minute revision
• Integrated with Study Material – Chapters and modules are mapped with CMA official modules for streamlined preparation
• Trend & Marks Analysis – Upfront placement of analytical tools—marks distribution tables, trend analysis of recent exams, and module-wise topic weightages
• Step-by-step Solutions – Answers follow an examiner-style format, illustrating both theory and practical aspects
• Comparison Tables & Graphs – Visual aids for understanding weightages and trends over multiple exam cycles