Revised pattern and syllabus of Revenue Audit Examination
v There will be only two papers as mentioned below:
|
Paper 1
- |
RAE 1 |
Income Tax (common for all candidates) |
100
marks |
|
Paper 2
- |
RAE 2 |
Goods and Services Tax and Branch Specific
Revenues |
100
marks |
|
- Section
I Goods and Services Tax |
40% |
||
|
- Section
II Branch Specific Revenues |
60% |
v Income Tax (RAE I) paper will be common for
all braches, as under existing pattern.
v Section I of RAE 2 Goods & Services Tax will also be common for all branches.
v Section II Branch Specific Revenues of RAE 2 for each separate branch of audit, as given below:
|
Name of the Section |
Title of Section |
Branches of audit to which applicable |
|
Section
II A |
Central and State Revenues
Audit |
For candidates from all Commercial
Audit offices and all Civil Audit offices |
|
Section
II B |
Railway Revenues Audit |
For all candidates from Railway
Audit Offices |
|
Section
II C |
Post and Telecommunications
Revenues Audit |
For all candidates from P&T
Audit Offices |
|
Section
II D |
Defence Revenues Audit |
For all candidates from Defence
Audit Offices |
Revised Syllabus of RAE-1 Income Tax (common for all branches)
|
Sl. No. |
Content |
Marks
allocation |
|
1 |
a)
Basic concepts Chapter I – Sections 1, 2 and 3 and Chapter II – Sections 4, 5, 5A,
6, 7, 8 & 9 Assessment year, Previous year, Person,
Assessee, Charge of income-tax, Income, Gross Total Income, Total income and
tax liability, Agricultural Income, Difference between exemption and
deduction, Definition of Manufacture, Capital Asset, Company, Fair market
value, Capital receipts vs Revenue receipts, Capital expenditure vs Revenue
Expenditure, Method of accounting, Residential status of Individual &
Company, Relation between residential status and incidence of tax, Receipt
& Accrual of income, Income deemed to
accrue or arise in India b)
Income of Charitable or Religious Trusts and
Institutions Chapter III - Sections 11, 12, 12A & 13 |
30 |
|
2 |
Income
Computation and Disclosure Standards (ICDS) ICDS
I Accounting Policies ICDS
II Valuation of Inventories ICDS
III Construction contracts ICDS IV
Revenue Recognition ICDS
V Tangible Fixed Assets ICDS
VI Effects of Changes in Foreign
Exchange Rates ICDS
VII Government Grants ICDS
VIII Securities ICDS
IX Borrowing Costs ICDS X
Provisions, Contingent Liabilities and Contingent Assets |
5 |
|
3 |
Profits and gains of business or profession – Principles and
Computation Chapter IV (D) Chargeability,
General principles governing assessment of business income, Method of
accounting, Scheme of deductions and allowances, Depreciation |
25 |
|
4 |
Capital
gains - Principles and Computation Chapter IV (E) |
15 |
Duration 2 hours Maximum
Marks: 100
(A)
The following will be the
syllabus and subjects:
Note: Amendments upto 1st
April of the previous Financial Year will be considered
(B)
The following books/reference
material are prescribed:
(i)
Taxmann’s Direct Tax Manual (Vol. I – Acts)
|
|
Meaning
of capital asset, Transfer of capital asset, Computation of capital gain,
Full value of consideration, Expenditure on transfer, Cost of acquisition,
Cost of improvement, indexed cost of acquisition and indexed cost of
improvement, Problems on computation of Long Term Capital Gains (LTCG) Tax |
|
|
5 |
Income
from other sources Chapter IV (F) Dividend, Interest on securities |
5 |
|
6 |
Set-off
and Carry forward of losses Chapter VI - Sections 70 to 80 |
5 |
|
7 |
International
Taxation Chapter IX – Sections 90, 90A
& 91 Double
Taxation Relief Chapter X – Sections 92 to 92CD
and 92F Transfer
Pricing & Other Anti-Avoidance Measures Definitions
of certain terms relevant to computation of arm’s length price, etc. Chapter XII-A Special Provisions relating to certain incomes
of Non-Residents |
10 |
|
8 |
Special
Provisions relating to certain companies
Chapter XII B Concepts of Minimum alternate Tax (MAT) and
MAT credit, etc. |
5 |
(ii)
Finance Act of the Year (may be read as Finance
Act of the Previous year)
(iii) Income Tax
Act, 1961
(iv) Income Tax
Rules, 1962
(v)
Income Computation and Disclosure Standards
issued by the Ministry of Finance
Revised Syllabus of RAE-2
Goods and Services Tax and
Branch Specific Revenues
Duration 2 hours Maximum
Marks: 100
|
Section I |
: |
Goods
and Services Tax |
40
percent |
|
|
|
(common
for all branches) |
|
|
Section II |
: |
Branch
Specific Revenues |
60
percent |
|
|
|
(based
on the branch from which a candidate belong) |
|
Section
I Goods and Services Tax 40 percent
(A)
The following will be the
syllabus and subjects
|
Sl. No. |
Content |
Marks allocation |
|
1 |
Constitutional Aspects, GST
Council, Administration of GST,
Assessment and Audit, Dual GST Model, GST(Compensation to States) Act, 2017
GST Network |
8 |
|
2 |
Levy and collection of CGST
& IGST – Application of CGST/IGST law, concept of supply including
composite and mixed supplies, inter-State supply, intra-State supply,
supplies in territorial waters, charge of tax, exemption from tax, composition levy, Distribution of IGST |
8 |
|
3 |
Place of supply, time and
value of supply |
8 |
|
4 |
Input Tax Credit,
Computation of GST Liability, Procedures of GST – registration, tax invoice,
credit and debit notes, electronic way bill, accounts and records, returns,
payment of tax including reverse charge, refund, job work, Provisions
relating to e-commerce, GST Forms(GST REG-01,GSTR 1, GSTR 4, GSTR 10, GST PMT
01, GST-RFD-01, GST ITC-01) |
8 |
|
5 |
Liability
to pay in certain cases, inspection, Search Seizure and Arrest, Demand and
Recovery, Offences and Penalties, Anti-profiteering, Advance Ruling, Appeals and Revision, Other Residuary provisions
under the CGST Act 2017 and IGST Act
2017 |
8 |
(B)
The following books/reference
material are prescribed:
(i) Taxmann’s GST Manual with GST
Law Guide
(ii) Centax GST Law Times (Latest
issues)
(iii) Handbook of GST in India:
Concept and Procedures by Rakesh Garg
Section
II Branch Specific Revenues 60
percent
|
Section II A |
Central and
State Revenues Audit |
|
Section II B |
Railway
Revenues Audit |
|
Section II C |
Post and Telecommunications
Revenues Audit |
|
Section II D |
Defence
Revenues Audit |
Section II A Central and State Revenues Audit 60
percent
Part – I Central
Excise and Revenue Audit Manual (10 marks)
(A)
The following will be the
syllabus and subjects
|
Sl. No. |
Content |
Marks allocation |
|
1 |
Provisions of Central Excise Revenue
Audit Manual (Chapter 1,3,4,5,8,11,14 to 17,19,20 as amended, 21,22 and 24) |
5 |
|
2 |
Provisions of Central Excise Act and Central
Excise Tariff Manual (Chapter
24 of SECTION IV and Chapter 27 of SECTION V) |
5 |
(B)
The following books/reference
material are prescribed:
(i) R K Jain’s Central Excise
Manual
(ii) R K Jain’s Central Excise
Tariff
(iii) Revenue Audit Manual (Central
Excise)
Part –
II Customs
& Foreign Trade Policy (30 marks)
(A)
The following will be the
syllabus and subjects
|
Sl. No. |
Content |
Marks allocation |
|
1 |
(a)
Constitutional
Provision and Basic Concepts : Definitions, procedures
governing Imports and Exports, Warehousing,
Baggage, Search and Seizure, Appeal and Revision contained in Chapters I, III, IX, XI,
XIII, XIV, XV, XVI and XVII of Customs Act 1962 (b)
Customs Tariff Act No. 51 of 1975 (Section 1
to Section 13) (c) Foreign
Exchange Management Act 1999 |
10 |
|
2 |
Levy and
collection of duties : Basic
Customs Duty, Integrated Goods and Services Tax, Compensation
Cess, Anti-dumping Duty, Safeguard Duty, Project Imports
contained in (i) Section 1 to 10 and Chapter Notes to Chapter 98 of
Customs Tariff Act 1975 and (ii) Chapter
V, VA of Customs Act 1962 |
8 |
|
3 |
Refunds
and drawbacks: Section 26 to 27A of Customs Act 1962- Chapter V, Chapter X |
2 |
|
4 |
Foreign
Trade Policy (2015-20): Legal
Framework, Definitions, Duty Exemption and Remission Schemes for Exports ,
Foreign Trade Agreements contained in a. Foreign Trade Development and
Regulation Act, 1992 b.
Chapter 9
and Glossary of FTP c. Chapters
3,4,5,6 and 7 of FTP |
5 |
|
5 |
Provisions
of SEZ Act and Rules a.
Chapters I, II, IV, VI and VII Sections 47,49,
50 to 56 b.
Chapters IV, V and VI and Annexure-I -
Guidelines for Annual monitoring of performance of units in SEZ |
3 |
|
6 |
Provisions of Revenue Audit Manual : Chapter 20 |
2 |
(B)
The following books/reference
material are prescribed:
(i)
R K Jain’s Customs Law Manual
(ii)
R K Jain’s Customs Tariff
(iii) Foreign
Trade Policy, 2015-20, Ministry of Commerce and Industry, Government of India
(iv) The
Special Economic Zones Act and The Special Economic Zones Rules
Official
websites of the Ministry of Commerce and Industry and Department of Revenue,
Ministry of Finance, Government of India http://www.cbic.gov.in/ http://dgft.gov.in/ http://sezindia.nic.in/index.php
for Foreign
Trade Policy
Part – III
State Revenues (20 marks)
(A)
The following will be the
syllabus and subjects
|
Sl. No. |
Content |
Marks allocation |
|
1 |
Provisions of The Central
Sales Tax Act, 1956 and the Taxation Laws (Amendment) Act, 2017 (No. 18 of
2017) |
4 |
|
2 |
Provisions of Value added Tax Auditing
Guidelines (issued by the Comptroller
and Auditor General of India) |
|
|
3 |
Provisions of Motor Vehicles Act,1988 Provisions
governing Licensing of Driver, Registration of Motor Vehicles and Offences, Penalties And
Procedure contained in the following Chapters II, IV and XIII of the Act |
4 |
|
4 |
Provisions of Registration Act, 1908 Part I Preliminary Part II The Registration-Establishment Part III Registrable Documents Part VI Presenting Documents for Registration Part XI The Duties and Powers of Registering
Officers Part XIII The Fees for
Registration, Searches and Copies |
4 |
|
5 |
Provisions of Indian Stamp Act, 1899 Chapter I Preliminary Chapter II Stamp Duties Chapter VI Reference And
Revision |
4 |
|
6 |
Provisions
of Mines And Minerals (Development And Regulation) Act, 1957 Chapter I Preliminary Chapter II General Restrictions on Undertaking
Prospecting and Mining Operations |
4 |
(B)
The following books/reference
material are prescribed:
(i) Value added Tax Auditing Guidelines (issued by the Comptroller
and Auditor General of India) (ii) For all other topics, the relevant Acts are
mentioned in the table above.
Railway Revenues Audit (A) The
following will be the syllabus and subjects
|
Sl. No. |
Content |
|
1 |
Indian Railway Code for the
Traffic Dept. (Commercial) |
|
2 |
Indian Railway Commercial
Manual (Vol I & Vol II) |
|
3 |
IRCA Coaching Tariff (all
parts and volumes) |
|
4 |
IRCA Goods Tariff (all
parts and volumes) |
|
5 |
IRCA Military Tariff |
|
6 |
IRCA Red Tariff |
|
7 |
Railway Audit Manual - Part
III Audit of Earnings |
Note: All topics carry equal marks.
(B) The following books/reference material are
prescribed:
|
Sl. No. |
Name of the
code/manual/tariff |
Latest available edition |
Subjects dealt with in
the code/manual/tariff |
|
1. |
Indian
Rly Code for the Traffic Dept.
(Commercial) |
Correction slip up to May 2015 |
The code embodies essential principles and
policy directives issued by Rly Board for commercial department
|
|
2 (a) |
Indian Rly Comml. Manual (Vol I) |
1992 Edition |
This
manual deals with Coaching traffic |
|
2 (b) |
Indian Rly Comml. Manual (Vol II) |
1991 Edition |
This
manual deals with Goods traffic & Misc. subjects |
|
3 |
IRCA Coaching Tariff (all parts and
volumes) |
May 2014 March 2015 |
1) PART I
VOL I - General Rules. 2) PART I
VOL II - Concession 3) PART II
- Coaching Rate Table 4) PART III
- Parcel Rate Table |
|
4 |
IRCA
Goods Tariff (all parts
and volumes) |
April 2015 |
1. PART I
VOL I - General Rules 2. PART I
VOL II - Classification of …..Commodities
3. PART II
- Freight Rate Table |
|
5 |
IRCA Military Tariff - |
1986 |
Rules
for Military traffic |
|
6 |
IRCA Red Tariff - |
August 2000 |
Rules
for Dangerous goods |
|
7 |
Railway Audit
Manual (issued by C&AG’s office) |
2001 Edition |
Part III
deals with procedures, rules and directives to conduct audit of
Railway earnings |
Note: In case of Tariffs, the Publications in force as on 1st April of the
previous year will be the text book.
P&T Revenues
Audit
(A)
The following will be the
syllabus and subjects
|
Sl. No. |
Content |
Marks
allocation |
|
1. |
Provisions
of P&T Manual Volume I - Part—I (Legislative Enactments) Indian Post Office Act Sections 1 to 13, 16, 17, 28 to 36 |
12 |
|
2. |
Provisions
of P&T Manual Volume I - Part II (Legislative Enactments) Whole
book excluding Chapter 3 i.e. Telegraph Wires (Unlawful Possession) Act, 1950 and Rules made there under |
|
|
3. |
Provisions
of Telecom Regulatory Authority of India (TRAI) Act 1997 |
3 |
|
4. |
Provisions
of Telecom Accounts and Finance Manual compiled by the DOT. October, 2017 |
9 |
|
5. |
Compilation of letters on Licensing and Finance related issued by the
DOT |
6 |
|
6. |
Provisions of The Central Government Accounts
(Receipts and Payments) Rules-1983 Part II-
Receipt of Government Revenues, Dues, etc., and crediting them into the
Government Account |
6 |
|
7. |
Provisions
of P&T Financial Hand Book Volume –II Chapter III- Revenue receipts |
6 |
|
8. |
Provisions
of P&T Audit Manual Part –II (Inspections) Chapter-2
Section-H Audit of Telephone Revenue Accounting Branch of Telephone Districts (Computerised System) |
6 |
|
9. |
Provisions
of Companies Act, 2013 Chapter
IX Accounts of Companies Chapter
X Audit and Auditors Chapter XXIII Government Companies |
6 |
|
10. |
Indian
Accounting Standards (Ind AS) notified by the Ministry of Corporate Affairs,
Government of India |
6 |
(B)
The following books/reference
material are prescribed:
For all
topics, the relevant Acts/Rules/Manuals/Standards are mentioned in the table
above.
Defence Revenues Audit
(A)
The following will be the
syllabus and subjects
|
Sl. No. |
Content |
Marks allocation |
|
1. |
Provisions of CAG’s MSO (Audit) (Second Edition-2002)
Section II Chapter 3 ‘Audit of Receipts,’ Chapter 4
‘Audit of Accounts of Stores and Stock,
Section III Chapter
23 Para 3.23.2. ‘Workshop Accounts’ and Para 3.23.4 ‘Refunds of Revenue’. Section-III Chapter
13 Audit of Borrowings, Loans & Advances, Revenue advance, Permanent
advance |
6 |
|
2. |
Provisions of General Financial Rules Chapter
2 – General System of Financial Management
Chapter3
– Budget Formulation and Implementation (Para 42 to 56) Chapter
5 – Works Chapter
6 - Procurement of Goods and Services Chapter
7 - Inventory Management Chapter
12 – II- Refunds of Revenue Appendix II – Procedure for preparation of detailed estimates of
receipts |
5 |
|
3. |
Provisions of Central Government Receipt and
Payment Rules Part –I
Preliminary and General Principles Part- II
Receipt of Govt. revenues, dues etc. and crediting them into the Govt.
Accounts Part-III Withdrawal from the Government Account |
5 |
|
4. |
Provisions of Financial Regulations Part II Chapter
II – Recoveries and deductions. Appendix
8 instructions for guidance of officers who receive and handle cash. Appendix
11- Recovery of tuition fees of boys in Military schools. Chapter II Para 7 to 18 |
4 |
|
5. |
Provisions of Regulations for the Military
Engineer Services |
5 |
|
|
Paras 912 to 916, Appendix ‘O’ and related
rules regarding fixation of rates and recovery of electricity and water and
allied matters. Chapter IV & V– Paras 310 to 313, 559, 560
and Table ‘H’ relating to Departmental charges. Chapter
VIII- Sections 38, Para 645 and Appendix ‘J’
Chapter
IX- Revenue and Receipts Chapter
XII Section 56 Table ‘K’ General Conditions of Contracts (IAFW2249) relating
to Hiring of T&P to contractors. |
|
|
6. |
Provisions
of Manual of Instructions relating to procedure of works in the Accounts
section of M.E.S. formations of MES Accountant’s Manual Chapter VII Revenue |
2 |
|
7. |
Provisions of M.E.S. Local Audit Manual Part III -Paras 153, 164 to 185 dealing with local audit of the
register of buildings, rent assessment
ledgers, revenue ledgers, water and electricity charges, refunds etc. Part-IV – Paras 241 to 244 dealing with audit
of the Register of Revenue derived from lands, trees, usufruct etc. Meter
Readers’ Books for electricity and water, consumer’s ledgers etc. |
4 |
|
8. |
Provisions
of Manual of the Audit Department, Defence Services Vol. I (Part C) Chapter 29 Section B para 619 to 637 dealing with Audit of revenue
accounts. |
2 |
|
9. |
Provisions of Military Lands Manual Chapter
II - Classification and transfer of land. Chapter
V - Disposal of Land by Military Estate Officers. Chapter VI – Management by Cantonment Board. |
3 |
|
10. |
Provisions of Store Accounting Instructions
for the Army (1965 Edition) Chapter
II- Paras 27 to 30 regarding issue of stores on hire, loan etc., Para 50 Disposal of Surplus timber etc,
Para 84 to 93 C.P. Issue Sections. Chapter
V- Valuation of Stores and Rates. Chapter VII- Disposal of surplus and obsolete stores. |
5 |
|
11. |
Provisions of Army Local Audit Manual Part I. Volume -I Chapter
–III- Para 123 Part I. Volume- II Chapter –IV- Paras 157, 186, 260, 261, 262 and 263 regarding disposal
of |
4 |
|
|
surplus stores. |
|
|
12. |
Quarters and Rents and related orders issued
from time to time Whole Book including I.A.O 5/S/48. |
2 |
|
13. |
Provisions of Regulations for Medical Services
(1962) Appendix
5 relating to Hospital stoppages and allied recoveries and Rules relating
thereto. |
2 |
|
14. |
Provisions of Factory Accounting Rules Chapter
II – Accounting of Stores – Para 13 (b) and (c). Chapter
III- Accounting of Labour, Para 38 and Appendix ‘G’. Chapter IV – Cost Accounting, Paras 52 and 53. |
3 |
|
15. |
Provisions of Manual of the Audit Department,
Defence Services -Vol. III (Ordnance & Ordnance Equipment
Factories) 2001 Edition Paras regarding Payment issue, Test Audit Processes, Costing |
3 |
|
16. |
Provisions
of Defence Accounts Department Office
Manual Part VI (Factories) Volume I Chapter
IV, V & VI (System of Cost Accounting in OFs, Labour
methods of payments and allocations and Material accounting) Volume II Chapter
IX & X (Annual Accounts section/Financial Advice Section) |
5 |
(B)
The following books/reference
material are prescribed:
For all topics, the relevant
Acts/Rules/Regulations/Orders/Instructions/Manuals are mentioned in the table
above.
-Revised pattern and syllabus ){kind=link}
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