Corrigendum

Paper 8: Indirect Tax Laws-Corrigendum to Study Material [August, 2017 Edition]-Printed copy

Module Chapter Page Remarks

No.
(printed
copy)
Module-1 1 1.33 Students are advised to refer the revised Test Your Knowledge
section hosted at the following link:
https://resource.cdn.icai.org/47318bosfinal-p8-part1-cp1.pdf
4 4.45 Q.6 and answer thereto under Test Your Knowledge be ignored.
5 5.16 The words “meals sold during a flight” in second para and
examples (ii), (iii) and (iv) should be ignored.
5 5.10 Students are advised to refer the revised definition of Place of
business hosted at the following link:
https://resource.cdn.icai.org/47321bosfinal-p8-part1-cp5.pdf
5 5.17 In the heading (i), Export of goods, the reference to section “11(a)”
be read as “11(b)”. Similarly, in the heading (ii) Import of goods, the
reference to section “11(b)” be read as “11(a)”.
7 7.18-19 Student are advised to refer to revised Illustration 2 hosted at the
following link:
https://resource.cdn.icai.org/47008bosfinal-p8-part1-cp7.pdf
Module 2 Detailed vii In heading 5 of Chapter-10, for the words and figures “Section 31”,
Contents the words and figures “Section 32” be substituted.
8 8.54 In the table containing the ‘Statutory Provisions’, the last three rows
under the Heading Chapter V: Input Tax Credit of CGST Rules, be
substituted as under:
Rule 39 Procedure for distribution of input tax credit by
input service distributor
Sub- Clause Particulars
rule
(1) An input service distributor shall distribute input tax
credit in the manner and subject to the following
conditions, namely,-

8 8.97 In answer 11, the words “rule 43” be read as “rule 42”.
9 9.9 In first line, words “Jammu and Kashmir” be ignored. Students are
advised to refer the revised chapter hosted at:
https://resource.cdn.icai.org/46786bosfinal-p8-part1-cp9.pdf
9 9.12 The word “not” in the diagrammatic presentation [cloud] be ignored.
13 13.36 In the table containing the statutory provisions, sub-sections (3) and
(4) of section 39, be substituted as under:
(3) Every registered person required to deduct tax at source
under the provisions of section 51 shall furnish, in such
form and manner as may be prescribed, a return,
electronically, for the month in which such deductions
have been made within ten days after the end of such
month.
(4) Every taxable person registered as an Input Service
Distributor shall, for every calendar month or part thereof,
furnish, in such form and manner as may be prescribed, a
return, electronically, within thirteen days after the end of
such month.
Module-3 14 14.22 In point M., for the words and figures, “Section 54(12)” and “` 100”,
“Section 54(14)” and “` 1,000” to be substituted.
Module-4 1 1.16 Students are advised to refer the revised answer to illustration
hosted at the following link:
https://resource.cdn.icai.org/47088bosfinal-p8-cp1-u2.pdf
2 2.3 Refer revised Heading (2) & (3) hosted at the following link
https://resource.cdn.icai.org/46566bosfinal-p8-cp2.pdf
4 The manner of computation of integrated tax has been revised in
answers given under Test Your Knowledge section and illustrations.
Under revised illustration/answers, integrated tax has been
computed on (Assessable value + Customs duties + applicable EC
@ 2% and SHEC @ 1%). Students are advised to refer the revised
Chapter - 4 hosted at the following link:
https://resource.cdn.icai.org/46568bosfinal-p8-cp4.pdf

10 10.31 & The maximum penalty in case of prohibited goods given at S. No. 1
10.64 in the (i) table under heading no. 8 at page no. 10.31 and (ii) table
under answer 11 at page no. 10.64 be substituted as under:
(a) Three times the value of the goods declared by the exporter
or
(b) Three times the value as determined under the Customs Act,
whichever is greater.