CS Professional · December 2025 · Paper 7.2
CS Professional Goods and Services Tax (GST) and Corporate Tax Planning December 2025: paper analysis
Our own analysis of the official paper, as of 12 October 2026. The questions and answers belong to ICSI; read them on ICSI'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 |
|---|---|---|---|
| 1(a)(i) | 5 | Time of supply of legal services received under reverse charge | Time of Supply |
| 1(a)(ii) | 5 | Identifying reverse charge supplies and computing tax payable under RCM | Supply under GST |
| 1(a)(iii) | 5 | Net minimum GST liability after eligible and blocked input tax credit | Input Tax Credit and Computation of GST Liability |
| 1(b) | 5 | Validity of provisional attachment of a bank account during proceedings: approval and duration limits | Assessment, Audit, Scrutiny, Demand and Recovery, Advance Ruling, Appeals and Revision |
| 1(c) | 5 | Place of supply of a survey service for a foreign client and whether it qualifies as export | Supply under GST |
| 2(a) | 5 | Taxable value of hospital services after applying healthcare exemptions | Supply under GST |
| 2(b) | 5 | Responsibility of a registered person when its GST practitioner misses the annual return due date | Compliance Rating, Anti-Profiteering, GST Practitioners and Authorised Representative |
| 2(c) | 5 | E-commerce operator liability for passenger transport by radio taxi, including absence of presence in India | Supply under GST |
| 3(a) | 5 | Time limit for show cause notice under section 73 for non-fraud short payment | Assessment, Audit, Scrutiny, Demand and Recovery, Advance Ruling, Appeals and Revision |
| 3(b) | 5 | Handling excess ITC availed over the auto-generated statement under rule 88D | Input Tax Credit and Computation of GST Liability |
| 3(c) | 5 | Composition scheme eligibility when a manufacturer starts supplying services | Supply under GST |
| 4(a) | 5 | GST and ITC reversal on free warranty replacement of parts and repair services | Supply under GST |
| 4(b) | 5 | Pre-deposit required for appeal to the Appellate Tribunal against an appellate order | Assessment, Audit, Scrutiny, Demand and Recovery, Advance Ruling, Appeals and Revision |
| 4(c) | 5 | Physical verification of business premises during and after grant of registration under rule 25 | Procedural Compliance under GST |
| 4A(i) | 5 | Advance ruling on taxability of textbook printing job work and retention of registration | Supply under GST |
| 4A(ii) | 5 | Taxability and valuation of personal guarantees by directors and corporate guarantees for related parties | Value of Supply |
| 4A(iii) | 5 | Anti-profiteering liability for not passing on a GST rate cut, and remedies for buyers | Compliance Rating, Anti-Profiteering, GST Practitioners and Authorised Representative |
| 5(a) | 5 | Choosing between equity, preference and debt financing to maximise EPS after tax | Tax Planning and Managerial Decisions |
| 5(b) | 5 | Classifying instances as tax planning, avoidance, evasion or tax management | Corporate Tax Planning |
| 5(c) | 5 | Deduction for an IFSC offshore banking unit under section 80LA and loss carry forward | Tax Planning and Location of Business |
| 6(a) | 5 | Presumptive taxation under section 44AE versus normal computation for a goods carriage firm | Tax Planning and Nature of Business |
| 6(b) | 5 | Tax concessions and incentives available to a resulting company in a demerger | Tax Planning and Business Restructuring |
| 6(c) | 5 | Amortisation of telecom licence fee under section 35ABB and tax effect of its later sale | Tax Planning and Nature of Business |
| 6A(i) | 5 | Alternate minimum tax on an LLP claiming profit-linked deduction | Corporate Tax Planning |
| 6A(ii) | 5 | Section 10AA deduction for a new SEZ service unit based on export turnover | Tax Planning and Location of Business |
| 6A(iii) | 5 | Additional tax on buyback of unlisted shares by a domestic company and interest for late payment | Tax Planning and Managerial Decisions |
What stood out
- Part I (GST) carried 60 marks and Part II (corporate tax planning) 40 marks, with alternatives for Q4 and Q6.
- Supply under GST was the most tested chapter (7 entries), spanning reverse charge, place of supply, e-commerce operators, composition and exemptions.
- The paper was strongly application-based: 22 of 26 entries are practical or case parts, with only 4 theory parts.
- Recent GST clarifications were tested: warranty replacements, personal and corporate guarantees, rule 88D ITC differences and physical verification under rule 25.
- Tax planning questions spread across incentives (80LA, 10AA, 35ABB), presumptive taxation, AMT, buyback tax and financing choices rather than one dominant chapter.
Practise the chapters that carried the marks
Supply under GST, Assessment, Audit, Scrutiny, Demand and Recovery, Advance Ruling, Appeals and Revision, Input Tax Credit and Computation of GST Liability: study guides and practice questions in the CS Professional format.