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Under Section 10, a manufacturer or trader of goods opting for the composition scheme (other than restaurant services) pays tax at the rate of:
A
B
C
D
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2026 Statistics
Key Facts: CMA Final Paper 19 Exam
100
Marks in the Paper
ICMAI Syllabus 2022 Paper 19
3 hours
Exam Duration
ICMAI Syllabus 2022 Paper 19
70%
GST Section Weightage
ICMAI Syllabus 2022 Paper 19
30%
Customs Section Weightage
ICMAI Syllabus 2022 Paper 19
Group IV
CMA Final Group
ICMAI Syllabus 2022
40% / 50%
Paper / Group Pass
ICMAI Passing Criteria
ICMAI CMA Final Paper 19 (Indirect Tax Laws and Practice) is a 100-mark, 3-hour descriptive paper in CMA Final Group IV under Syllabus 2022. Section A on GST carries 70% weightage (supply, time and place of supply, valuation, ITC, returns, refunds, assessment, appeals and advance ruling), and Section B on Customs carries 30% (valuation, duty types, baggage, warehousing, drawback and Foreign Trade Policy basics). ICMAI sets passing at 40% per paper and 50% aggregate in the group. ICMAI also publishes an official MCQ bank for practice.
Sample CMA Final Paper 19 Practice Questions
Try these sample questions to test your CMA Final Paper 19 exam readiness. Each question includes a detailed explanation. Start the interactive quiz above for the full 100+ question experience with AI tutoring.
1Under Section 7 of the CGST Act, 2017, which of the following is treated as a supply even when made WITHOUT consideration?
A.Sale of goods to an unrelated customer
B.Import of services for personal use unrelated to business
C.Supply of goods by an employer to an employee exceeding nil value with consideration
D.Permanent transfer or disposal of business assets on which input tax credit has been availed
Explanation: Schedule I to the CGST Act lists activities treated as supply even without consideration. Permanent transfer or disposal of business assets where ITC has been availed is the first such entry. This prevents leakage of credit when assets leave the business stream.
2An activity listed in Schedule III of the CGST Act, 2017 is:
A.Treated as supply of goods
B.Treated as supply of services
C.Neither a supply of goods nor a supply of services
D.A composite supply
Explanation: Schedule III enumerates activities or transactions that shall be treated neither as a supply of goods nor a supply of services, such as services by an employee to the employer in the course of employment and sale of land. They fall outside the GST charge entirely.
3A supply consisting of two or more taxable supplies naturally bundled and supplied in conjunction in the ordinary course of business, one of which is a principal supply, is a:
A.Mixed supply
B.Continuous supply
C.Deemed supply
D.Composite supply
Explanation: Section 2(30) defines a composite supply as two or more naturally bundled taxable supplies with one principal supply. Under Section 8(a) the whole supply is taxed at the rate applicable to the principal supply.
4A mixed supply under Section 8(b) of the CGST Act is taxed at:
A.The rate of the principal supply
B.The lowest rate among the items
C.The rate applicable to that supply which attracts the highest rate of tax
D.A weighted average of all the rates
Explanation: Under Section 8(b), a mixed supply of two or more individual supplies for a single price, not naturally bundled, is treated as a supply of that particular item which attracts the highest rate of tax.
5As per Section 12 of the CGST Act, the time of supply of goods (where forward charge applies) is the:
A.Date of receipt of payment only
B.Date of removal of goods only
C.Date on which the recipient records the goods in his books
D.Earlier of the date of issue of invoice (or last date it should be issued) and the date of receipt of payment
Explanation: Section 12(2) fixes the time of supply of goods as the earlier of the date of issue of invoice (or the last date by which the invoice ought to have been issued under Section 31) and the date of receipt of payment. Note that for goods, the Notification removing payment as a trigger applies, but the statutory rule remains the earlier of these events.
6Under reverse charge for goods (Section 12(3)), the time of supply is the EARLIEST of which of the following?
A.Date of receipt of goods; date of payment; date immediately following 30 days from the supplier's invoice
B.Date of payment only
C.Date of receipt of goods only
D.Date immediately following 60 days from invoice
Explanation: For goods under reverse charge, Section 12(3) fixes time of supply as the earliest of: date of receipt of goods, date of payment, and the date immediately following 30 days from the date of the supplier's invoice. If none can be determined, it is the date of entry in the recipient's books.
7For supply of services under reverse charge (Section 13(3)), where the supplier is located outside India and is an associated enterprise, the time of supply is the earlier of the date of entry in the books of the recipient or:
A.The date immediately following 30 days from invoice
B.The date immediately following 60 days from invoice
C.The date of receipt of the service
D.The date of payment
Explanation: The proviso to Section 13(3) provides that where the supplier of service is an associated enterprise located outside India, the time of supply is the earlier of the date of entry in the recipient's books of account or the date of payment.
8In the case of supply of vouchers, where the supply is identifiable at the time of issue of the voucher, the time of supply under Section 12(4)/13(4) is:
A.The date of redemption of the voucher
B.The earlier of issue or redemption
C.The date of receipt of payment for the voucher
D.The date of issue of the voucher
Explanation: For vouchers, if the supply is identifiable at the point of issue, the time of supply is the date of issue of the voucher. If the supply is not identifiable at issue, the time of supply is the date of redemption.
9Where goods are supplied on approval basis and removed before the supply takes place, the invoice (and hence time of supply) must be issued before or at the time of supply or:
A.Within 30 days of removal
B.Within 90 days of removal
C.Within one year from the date of removal
D.Within six months from the date of removal
Explanation: Under Section 31(7), where goods are sent on approval for sale or return and are removed before supply takes place, the invoice must be issued before or at the time of supply or six months from the date of removal, whichever is earlier.
10Under Section 10 of the IGST Act, where supply involves movement of goods, the place of supply is the location of the goods:
A.At the time of receipt of the order
B.Where the supplier is registered
C.At the principal place of business of the recipient
D.At the time at which the movement of goods terminates for delivery to the recipient
Explanation: Section 10(1)(a) of the IGST Act provides that where supply involves movement of goods, the place of supply is the location of the goods at the time when movement terminates for delivery to the recipient.
About the CMA Final Paper 19 Practice Questions
Verified exam format metadata for ICMAI CMA Final Paper 19: Indirect Tax Laws and Practice is pending. The practice questions above remain available while official exam length, timing, passing score, fee, and administrator details are reviewed.