CS Professional · June 2025 · Paper 7.2
CS Professional Goods and Services Tax (GST) and Corporate Tax Planning June 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 | GST on outward supplies including exempt rent, stock transfer to distinct person and advance for services | Supply under GST |
| 1(a)(ii) | 5 | Eligible input tax credit for the month including reversal on gifted capital goods | Input Tax Credit and Computation of GST Liability |
| 1(a)(iii) | 5 | Net GST payable after set-off of credit ledger balances and closing ledger balance | Input Tax Credit and Computation of GST Liability |
| 1(b) | 10 | Composition levy liability of a manufacturer with exempt, reverse charge and ineligible supplies | Supply under GST |
| 2(a) | 5 | Value of supply for air passenger transport, life insurance premium and second-hand goods margin scheme | Value of Supply |
| 2(b) | 5 | Input tax credit eligibility on goods, machinery, motor vehicles and construction of staff quarters | Input Tax Credit and Computation of GST Liability |
| 2(c) | 5 | Input tax credit on machinery, inputs sent to job worker, depreciated computers and works contract | Input Tax Credit and Computation of GST Liability |
| 3(a) | 5 | Place of supply for hotel accommodation, construction subcontract, overseas event and on-board services | Supply under GST |
| 3(b) | 5 | Taxability of education, coaching, vocational training and short-stay accommodation services | Supply under GST |
| 3(c) | 5 | Time of supply of services based on dates of provision, invoice and payment | Time of Supply |
| 4(a) | 5 | General disciplines for penalty: validity of an ad hoc penalty order lacking reasons and provisions | Inspection, Search, Seizure, Offences and Penalties |
| 4(b) | 5 | Show cause notice under Section 73 and penalty where self-assessed tax is paid with interest after notice | Assessment, Audit, Scrutiny, Demand and Recovery, Advance Ruling, Appeals and Revision |
| 4(c) | 5 | E-way bill requirement for inter-state movement considering separately charged freight | Procedural Compliance under GST |
| 4A(i) | 5 | Reverse charge on copyright services by an author and recourse when recipient refuses to pay | Supply under GST |
| 4A(ii) | 5 | Appellate forum beyond the GST Appellate Tribunal for place of supply disputes | Assessment, Audit, Scrutiny, Demand and Recovery, Advance Ruling, Appeals and Revision |
| 4A(iii) | 5 | Burden of proof for input tax credit where genuineness of purchases is supported by documents | Input Tax Credit and Computation of GST Liability |
| 5(i) | 5 | Computation of total income of a company with adjustments for provisions, depreciation and set-off of losses | Corporate Tax Planning |
| 5(ii) | 5 | Applicability of minimum alternate tax and computation of book profit | Corporate Tax Planning |
| 5(iii) | 5 | Tax on total income versus book profit and MAT credit to be carried forward | Corporate Tax Planning |
| 6(a) | 5 | Make or buy decision for a component with labour as the limiting factor | Tax Planning and Managerial Decisions |
| 6(b) | 5 | Investment period of surplus cash in marketable securities to cover costs and earn target return | Corporate Tax Planning |
| 6(c) | 5 | Capital gain on slump sale using net worth of the undertaking | Tax Planning and Business Restructuring |
| 6A(i) | 5 | Deduction for scientific research expenditure including pre-commencement capital outlay and asset sale | Tax Planning and Nature of Business |
| 6A(ii) | 5 | SEZ unit profit-linked deduction for export of software | Tax Planning and Location of Business |
| 6A(iii) | 5 | Long-term capital gain on original and bonus shares with grandfathering of cost | Corporate Tax Planning |
What stood out
- GST (Part I) carried 70 marks and corporate tax planning (Part II) 30 marks, with alternatives offered for Q4 and Q6.
- The paper was entirely computational or problem based: no entry is pure theory, and the opening 15-mark case required a full monthly GST liability and credit ledger computation.
- Supply under GST (including place of supply, composition levy, exemptions and reverse charge) took 30 marks and input tax credit 25 marks, together over half of the GST listed marks.
- Part II centred on a compulsory 15-mark company computation of total income, book profit and MAT credit, followed by managerial decision and restructuring numericals such as make-or-buy and slump sale.
Practise the chapters that carried the marks
Supply under GST, Input Tax Credit and Computation of GST Liability, Corporate Tax Planning: study guides and practice questions in the CS Professional format.