CS Professional · June 2026 · Paper 7.2
CS Professional Goods and Services Tax (GST) and Corporate Tax Planning June 2026: 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) | 5 | Monthly output tax liability across domestic, reverse charge, export, SEZ and non-supply transactions | Supply under GST |
| 1(b) | 5 | Exempt and total turnover for apportioning common input tax credit | Input Tax Credit and Computation of GST Liability |
| 1(c) | 5 | Eligible input tax credit on inputs, capital goods and common services credited to the ledger | Input Tax Credit and Computation of GST Liability |
| 1(d) | 5 | Set-off of credit against CGST, SGST and IGST and minimum cash payable | Input Tax Credit and Computation of GST Liability |
| 1(e) | 5 | Late fee for delayed filing of the monthly summary return under section 47 | Procedural Compliance under GST |
| 2(a) | 5 | Place of supply for advertisement display services involving immovable property in another state | Supply under GST |
| 2(b) | 5 | E-way bill generation restrictions where a recipient or supplier has not filed returns | Procedural Compliance under GST |
| 2(c) | 5 | Composition scheme eligibility for a restaurant also providing other services | Procedural Compliance under GST |
| 3(a) | 5 | Blocked credits and eligibility of credit on specific inputs, works contracts, vehicles and warranty goods | Input Tax Credit and Computation of GST Liability |
| 3(b) | 5 | Appeals to the GST Appellate Tribunal: time limits, admission, fees and cross objections | Assessment, Audit, Scrutiny, Demand and Recovery, Advance Ruling, Appeals and Revision |
| 3(c) | 5 | Taxability of health insurance and long-stay residential accommodation services | Overview of Goods and Services Tax |
| 4(a) | 5 | Value and GST on different classes of life, health, motor and travel insurance policies | Value of Supply |
| 4(b) | 5 | GST on sitting fees and salary paid to an independent director and reverse charge | Supply under GST |
| 4(c) | 5 | Prosecution, bailability and punishment based on tax collected but not deposited | Inspection, Search, Seizure, Offences and Penalties |
| 4A(i) | 5 | Accounts and records to be maintained under GST and the retention period, including during investigation | Procedural Compliance under GST |
| 4A(ii) | 5 | Taxability of goods taken for personal use, sale of used goods by an unregistered person and passenger vehicle rental | Supply under GST |
| 4A(iii) | 5 | Monetary limits for show cause notices and orders under section 74A as per a 2025 circular | Assessment, Audit, Scrutiny, Demand and Recovery, Advance Ruling, Appeals and Revision |
| 5(a) | 3 | Eligibility and period for carry forward of losses of an amalgamating company under section 72A | Tax Planning and Business Restructuring |
| 5(b) | 2 | Conditions for the amalgamating company to pass on losses and unabsorbed depreciation | Tax Planning and Business Restructuring |
| 5(c) | 5 | Taxable income of the amalgamated company after set-off of inherited losses | Tax Planning and Business Restructuring |
| 5(d) | 5 | Losses and unabsorbed depreciation that remain to be carried forward and their time limits | Tax Planning and Business Restructuring |
| 6(a) | 5 | Consequences of opting for presumptive taxation under section 44AD | Tax Planning and Nature of Business |
| 6(b) | 5 | Eligibility and conditions for the startup profit deduction under section 80-IAC | Tax Planning and Nature of Business |
| 6(c) | 5 | Computing section 80-IA deduction for an infrastructure undertaking with mixed income | Tax Planning and Nature of Business |
| 6A(i) | 5 | Classifying transactions as tax planning, avoidance, management or evasion | Corporate Tax Planning |
| 6A(ii) | 5 | SEZ unit export profit deduction under section 10AA and resulting taxable income | Tax Planning and Location of Business |
| 6A(iii) | 5 | Whether a loan to a substantial shareholder by a lending company is a deemed dividend | Tax Planning and Managerial Decisions |
What stood out
- GST in Part I carried 70 marks against 30 for corporate tax planning, and the 25 mark opening case was a full monthly GST computation from liability to cash payable.
- Input tax credit carried 20 marks across the main case and a separate blocked-credit computation in 3(a), level with supply and place of supply questions.
- A 2025 GST circular on show cause notice monetary limits was tested in 4A(iii), so recent notifications matter even in an open book paper.
- Part II opened with a 15 mark case on carry forward of losses in amalgamation, keeping business restructuring as the anchor of the tax planning section.
- Most questions were computational or fact-application problems; pure theory was limited to a few parts on appeals, records and presumptive taxation.
Practise the chapters that carried the marks
Supply under GST, Input Tax Credit and Computation of GST Liability, Procedural Compliance under GST: study guides and practice questions in the CS Professional format.