CMA Final · December 2025 · Paper 19
CMA Final Indirect Tax Laws and Practice December 2025: paper analysis
Our own analysis of the official paper, as of 12 October 2026. The questions and answers belong to ICMAI; read them on ICMAI's website.
Chapter-wise marks
Where the marks were in this paper (out of 100; internal-choice alternatives not double counted).
What each question tested
In our words, by question number. Open the official paper for the full question.
| Q | Marks | Tests | Chapter |
|---|---|---|---|
| 2(a) | 7 | Supplies without consideration and activities treated as neither goods nor services, with return disclosure | Supply under GST |
| 2(b) | 7 | Types of GST returns and which categories of taxpayers must file them | GST Returns |
| 3(a) | 7 | Monthly GST liability including reverse charge on security, transport rental and legal services and exemptions | Supply under GST |
| 3(b) | 7 | Reversal of common input tax credit attributable to exempt supplies and net GST payable | Input Tax Credit |
| 4(a) | 7 | Tax deduction at source under GST: scope and persons required to deduct | TDS and TCS under GST |
| 4(b) | 7 | Matters on which an advance ruling can be sought | Dispute Resolution Mechanism under GST |
| 5(a) | 7 | Place of supply for telecom, on-board, admission and courier services in given situations | Place of Supply |
| 5(b) | 7 | GST payable by an insurer on different policy types under the special valuation option | Valuation under GST |
| 6(a) | 7 | Objectives and features of the export duty remission scheme under foreign trade policy | Export Promotion Schemes under Foreign Trade Policy |
| 6(b) | 7 | Key benefits of special economic zones | Special Economic Zone Scheme |
| 7(a) | 7 | Customs duty on a tourist's baggage and the procedure for detained prohibited baggage | Customs Procedures - Baggage and Courier / Post |
| 7(b) | 7 | Assessable value and customs duties on sea imports with buying commission, design charges and exchange rate rules | Valuation and Related Party Transactions |
| 8(a) | 7 | Transaction value of job work with transport, technology fees and discounts | Valuation under GST |
| 8(b) | 7 | Eligible input tax credit and reversals for late return from job work, asset sales and gifts | Input Tax Credit |
What stood out
- GST supplied ten of fourteen written parts, spanning supply concepts, returns, liability computation, place of supply, valuation, ITC, TDS and advance rulings.
- Input tax credit appeared twice in Section B (common credit reversal and capital goods sent for job work), making it the most tested GST chapter.
- Customs was tested through baggage rules and an assessable value computation with design charges and exchange rate selection.
- Foreign trade policy and SEZ benefits formed a pure theory question, a predictable choice for candidates who prepare these short chapters.
- About half of Section B was numerical, and two parts were applied situations (place of supply, baggage detention).
Practise the chapters that carried the marks
Supply under GST, Valuation under GST, Input Tax Credit: study guides and practice questions in the CMA Final format.