How to study idt for may 13

Final 1383 views 12 replies

hai frnds, i am giving group 2 final in may 2013. I am not getting confidence as to how to study idt. pl help me in this . i am having time till 31st march i want to finish Central excise and st. pl help me as to what  and how to start reading. i am very much tensed.. amendments and which latest which is old one i am not able to get is there any cd or video lecture relating to this for may 2013 exam 

Replies (12)

Okay the first thing you need to do is to complete VAT & ST. Because the amount of reading you need to do is pretty less in these topics (I can say you complete the entire VAT & ST in just 1 day) and the weightage is 40%. Then you should probably go for Excise since it also a weight of 40% (Even though the syllabus is a little lengthy, still please concentrate well on this). I can say you can complete the entire Excise also in just 2 days if you study wholeheartedly with complete determination and dedication. And finally you have to deal with Customs. In this case, however you can just give a rough reading for 2-3 times. Please don't waste much time on Customs because the syllabus here is as much as in the case of Excise but the weightage is only 20%.

 

Good luckyes

thanks for your response shrikant. but many amendments in st and central excise  for may 13.  i am in a confused state around cenvat credit rules  of both sT and excise and common things in both . how can i over come this 

@ Madhavi: I actually didn't get you. Is it like you are unable to comprehend the latest ammendments in ST and Excise. I mean are you finding the ammendments, a little too complicated to understand. Is that the reason for your confusion?

ya i am confused which is latest which old. and not able to define the scope of study. pl help me in this

 

Read Following:  

 

  • Case Laws ( approx. 80-100 covered by ICAI-----Nov. 2012 + May 2013 )
  • Amendments ( For May Exam 2013, it covers a huge portion of Service tax)
  • Practice Manual ( Personally, I never suggest to read Practice manual of IDT at all because ICAI  Practice manual are not updated or revised )
  • RTP (latest)
  • Numerical Problems ( For this, U must have read and understand each and every provision)
  • Entire Service Tax Book (must for May 2013 Exam )

 

Best of Luck

 


 

Well ,,,,I am giving reading to all services so that I come to know the overview of all topics.

 

Anything left in this portion may trouble in fetching passing marks in IDT...............Service Tax almost covers 30 marks in IDT.

 

For getting gud marks in numerical portion, u must be well versed with all Negative List Services, Declared List, Abatements, Mega Exemption...............

 

Be at ur safer side.......................


 

thanks rahul. how much time it will take for all these and shall i study case laws before only without giving reading of whole IDT

hope this will be helpful for Service tax preparation

thank you prathiba

If you are looking for a book for revision then go for yashvant mangal book. It is short and to poimt and is good for exam time preparation.
thanks pratibha for sharing.

any one give the list of services applicable for the may exam ??

VAT + ST in 1 dayblush

Around 3 days for 1st readin.

Give time to each subject.

Service tax NEGATIVE LIST (idk if its true. got it thru whatsapp ;)
in alphabetic order...
01. A- Advertisement (except on radio & T.V.)
02. B- Bridges
03. C- Cabs (means transportation of passengers)
04. D- Diplomatic mission
05. E- Electricity
06. F- Funeral (includes transportation of deceased)
07. G- Goods Transportation
08. H- House Residential
09. I- Interest
10. J- Jhule (Rides)
11. K- Kheti (agriculture)
12. L- Lottery
13. M- Manufacture
N- ---------
O- ---------
P- ---------
14. Q- Qualification (education)
15. R- RBI
16. S- Sarkar (government)
17. T- Trading of Goods.
Total 17 services are in negative list..


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