Preparation of idt

Final 1674 views 6 replies

Aditya Jain

Final (New) November 2011

763 Points Joined June 2008

Hello,

Now my position is a bit tricky . I applied for both groups of November 2011 exam but then slowly i relaised that i didnt have sufficient time and i didnt even attend any class of Group 2 so i planned to go for Group 1 . I am done with my Group 1 now and i have no chance of clearing it and so what i am planning to do is just to attend the first 3 exams of group 2 without preparation and go for Indirect tax exemption .

Only worry is that the subject is brand new for me . I ve not attended any classes . Neither have i studied a single word from IDT before . All i ve done is bought the latest applicable book in IDT of Bangar (Aadhyas) . Considering the time it will take to go and attend the next 2 exams of ISCA and DT, can i please get some guidance as to how to prepare for IDT . My target is exemption ofcourse . Even if i get a 58-59, it wud not be of any use . IDT being a partial theory paper where even theory questions are asked, I have no time to memorise things . i only have to browse through notes and understand it . I dont have time to remember everything .

But to get exemption, its important that I get everything right including the theory questions . Can i please get some guidance as to the approach in studying IDT with a target of exemption . i ve got 5 days in hands till its November 17th .

Replies (6)

C.A.Anshu

job

47 Points Joined May 2010

hie.. i cleared my C.A. in May 2011.

According to me one can score exemption in idt in a short span if properly planned.Bangar is the best book u can refer to.Refer all the case studies given in the book . Emphasize mainly on the case studies relating to the year 2010-11. Direct Questions of nearly 20-25 marks are asked from this.In Excise portion go through Cenvat Credit Chapter throughly.I think you can complete whole portion of Service tax and VAT . remember the due dates given in the Service tax portion.The practical asked are generally easy so dont worry about if u have cleared the concepts.In Customs portion read everything dont try to memorize it, it is where u can write in a general manner.

All the best... :)

Aditya Jain

Final (New) November 2011

763 Points Joined June 2008

ok so can i afford to just go through all the theory and case studies n get an understanding of it ? No need to actually memorise anything ? i feel its important to memorise cuz about 15 marks of direct theory questions are asked n if the target is exemption then its important to reproduce all the key points to score marks .

CA Ghanshyam Joshi

CA Dip IFR (ACCA UK)

3229 Points Joined June 2009

DOWN LOAD LATEST AMENDMENTS FROM www.idtforum.com the amendments and case laws will be for around 40 - 50 marks. check my earlier posts for notes of CA RAJ SEKHAR download it from caclubindia these are very crisp for fast reading

Aditya Jain

Final (New) November 2011

763 Points Joined June 2008

Ok thank you sir . i ve downloaded the notes of CA raj Shekar . Is it important to mention the name of the parties of the Case Law ? Do they fetch mark ? I can very well go thru all of them but he target here is exemption and there shall be a very thin margin for error . Will i get 5 out 5 in a question even if do not mention the name of the parties involved in the case law and just get the conclusion and justification right ?