CA IPCC Amendments for May 2019 has been announced by the ICAI. All those candidates who are going to appear in CA IPCC may 2019 examination need to know about the changes in the syllabus. This latest syllabus will be applicable for CA IPCC examination which is going to be held in the month of may so today we are here to give you complete information about the latest changes in syllabus of CA IPCC.
CA IPCC Amendments for may 2019
All the candidates who are going to appear in CA IPCC May 2019 are being informed that ICAI has officially announced the CA IPCC Amendments for may 2019 including Indirect Tax Amendments In Direct Tax Part, there are not much changes in syllabus of tax and in Indirect Tax syllabus slightly changes due to the introduction of GST.
So for this ICAI has released the Study Material explaining the significant amendments in CA IPCC Tax for May 2019.All those students who are looking for the latest syllabus after Amendments can get all the details of the new syllabus in this article.
There are 32% changes are made in CA IPCC TAX subject which is not much so don’t worry here we are providing the new syllabus for both CA IPCC Students who have registered during the old syllabus, and CA Inter students registered under the new syllabus can check the CA IPCC Amendments for may 2019 which is mentioned below in this article.
CA IPCC Tax Amendments for May 2019
There is the maximum number of changes and Amendments in IPCC Tax Syllabus.This is due to the applicability of the Union Budget introduced in 2017.
Contents for CA IPCC Amendments for May 2019 Under INDIRECT TAX are as below:
The concept of indirect taxes (i) Concept and features of indirect taxes (ii) Principal indirect taxes 2. Goods and Services Tax (GST) Laws (i) GST Laws: An introduction including Constitutional aspects (ii) Levy and collection of CGST and IGST a) Application of CGST/IGST law b) Concept of supply including composite and mixed supplies c) Charge of tax d) Exemption from tax e) Composition levy (iv) Basic concepts of time and value of supply (vi) Input tax credit (vii) Computation of GST liability (viii) Registration (ix) Tax invoice; Credit and Debit Notes; Electronic way bill (x) Returns (xi) Payment of tax including reverse charge.
Starting May 2019, GST will be applicable for CA IPCC Students for a total of 50 Marks under the CA IPCC Amendments for May 2019.
All the basic topics like Introduction to GST, Supply, and Filing of GST Returns etc will be covered in GST syllabus.
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CA IPCC Law Amendments for May 2019
In CA IPCC Law syllabus, there is only one change that is the Applicability of Section 66 of the Companies Act, 2013 notified by the Ministry of Corporate Affairs. Section 66 was not applicable for CA IPCC Amendments for May 2019 but the Section 100 of the Company’s Act 1956 was applicable.
Apart from this, Students can study the existing syllabus for May 2019 exam. However, it is advise for the students who are going to appear CA IPCC May 2019 exam to make a note of it and study accordingly. Section 66 stands for Reduction of Share Capital in a company.
Contents for CA IPCC Laws Amendments for May 2019 is given below:-Business Laws (30 marks)
- The Indian Contract Act, 1872
- The Negotiable Instruments Act, 1881
- The Payment of Bonus Act, 1965
- The Employees’ Provident Fund and Miscellaneous Provisions Act, 1952
- The Payment of Gratuity Act, 1972.
Content for CA IPCC Amendments for may 2019 under Company Law is given below:-Company Law (30 marks)
The Companies Act, 2013 – Sections 1 to 197
(b) Board of Company Law Administration – National Company Law Tribunal; Appellate Tribunal
(c) Incorporation of company and matters incidental thereto
(d) Prospectus and allotment, and other matters relating to the use of shares or debentures
(e) Share capital and debentures
(f) Registration of charges
(g) Management and administration – general provisions – registered office and name, restrictions on commencement of business, registers of members and debentures holders, foreign registers of members or debenture holders, annual returns, general provisions regarding registers and returns, meetings and proceedings.
(h) Company Law in a computerized environment – e-filing.
CA IPCC Audit Amendments for May 2019
The student will only witness few changes in the Auditing Syllabus, in the Company Audit other than this, there would be no new or major CA IPCC Amendments for May 2019 in CA IPCC Audit Syllabus applicable in May.
All the above-mentioned changes for CA IPCC Syllabus will be applicable for May 2019 exams and also for next attempt too.
We wish all the students to perform good in the Examination. Your positive action combined with positive thinking results in success. If you have any query or doubt regarding the CA IPCC Amendments for May 2019 you can write in comment box. Our team member will assist you in a better way.
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