Indirect Tax Laws & Practice (ITLP) | CRACKER

Indirect Tax Laws & Practice – CRACKER is Taxmann's dedicated exam-preparation companion for CMA Final, Group IV, Paper 19, prepared strictly in line with the ICMAI Syllabus 2022. Part of Taxmann's well-known CRACKER series, the book is built around a single promise: take a student who has studied the law and turn that knowledge into marks in the examination hall.

Instead of re-explaining the statute from scratch, the book distils each topic into a quick recap and then puts the student to work on a large, curated bank of fully solved past-examination questions—arranged module-by-module in the exact order of the syllabus. Every question carries its exam attempt, marks, and Theory/Practical tag, and every answer is written the way it should appear in the paper: structured, point-wise, and supported by the relevant sections, rules, and notifications.

This Edition is updated for the law applicable to the December 2026 and June 2027 attempts; it functions simultaneously as a revision handbook, a question bank, a trend-analysis tool, and a self-assessment kit—everything a final-level student needs for the last stretch before the exam.

The Present Publication is the 3rd Edition | July 2026 authored by CMA Nidhi Mody, with the following noteworthy features:

• [Coverage Of Fully Solved Past Exam Questions till June 2026] A deep bank of 400+ questions with complete, examiner-style answers, drawn from attempts spanning June 2015 to June 2026, so students practise on more than a decade of genuine exam material
• [Module-wise Marks Distribution & Trend Analysis of Past Exams] A consolidated weightage table (covering the June 2023 to June 2026 attempts, with an average column) plus a question-by-question, attempt-by-attempt trend analysis, letting students see exactly how marks have historically been split across modules
• [Tabular 'Quick Review' Summary] Every topic opens with a crisp 'Quick Review' recap—frequently presented in tabular form—of the key provisions, charts, and rules before the questions begin, making revision fast and visual
• [Module-wise Comparison with the CMA Study Material] Each of the book's modules is mapped to the corresponding ICMAI study-material module number (1–27), so students can move seamlessly between the two resources
• [Theory & Practical Tagging with Attempt & Marks] Questions mirror the real paper: labelled by type, stamped with the exam session, and weighted, which trains time management and expectation-setting
• [Answer-writing Discipline] Solutions are presented in structured, point-wise form and cite the governing law (sections, rules, FTP paragraphs, and specific notifications), reinforcing how to earn full marks
• [Fully Updated for the Current Law] Reflects Syllabus 2022 and the latest position, including the Baggage Rules, 2026, Foreign Trade Policy [2023] (with schemes such as RoDTEP), and the SEZ Scheme

The book covers the entire Paper 19 syllabus across two sections and sixteen modules:

• Section A – Goods and Services Tax (GST) Act and Rules
  • Basics, Supply & Composition Scheme
  • Time of Supply
  • Place of Supply
  • Value of Supply
  • Input Tax Credit
  • TDS & TCS under GST
  • E-Way Bill
  • GST Refunds
  • GST Returns
  • GST Registration
  • Accounts & Records
  • Audit, Dispute Resolve Mechanism & Inspection, Search & Seizure—Assessment · Audit · Inspection, Search & Seizure · Demands & Recovery · Offences & Penalties · Appeals & Revision · Advance Ruling
  • Other Miscellaneous Provisions—Anti-Profiteering (Sec. 171) · Invoicing & E-Invoice · Transitional Provisions · Electronic Ledgers
• Section B – Customs Act & Rules (with Allied Laws: Foreign Trade Policy & SEZ)
  • Customs Act & Rules — Basics & Import Valuation Rules · Warehousing · Duty Drawback · Baggage Rules, 2026 · Import at Concessional Rate of Duty · Remission of Duties · Refund · Trade Facilitation Measures
  • Foreign Trade Policy [2023] — Salient Features & Schemes
  • Special Economic Zone (SEZ) Scheme — Salient Features & Schemes
• Plus—module-wise solved papers with suggested answers for December 2025 and June 2026, showing how the concepts come together across a full attempt

The book follows a consistent, revision-first flow:

• Strategic Front Matter — Before the chapters, students get three planning tools:
  • Module-wise Marks Distribution table
  • Previous Exams Trend Analysis (broken down question-by-question by attempt)
  • Module-wise Comparison with Study Material
• Two Syllabus-aligned Sections — Section A (GST) and Section B (Customs, FTP & SEZ), split into 16 modules that follow the ICMAI sequence
• Chapter Architecture — Rach chapter opens with A Quick Review—a recap of the relevant law, often in tabular form—followed by past-exam questions arranged topic-wise. Each question is tagged with its attempt, marks, and Theory/Practical category, and answered in a structured format with working notes and statutory references
• Full Solved Papers — Complete module-wise solved papers for Dec. 2025 and June 2026 round off the book, letting students simulate and self-check a whole paper