Corrigendum for Study Material [October 2023 Edition] – Printed copy

Applicable for May 2024 and November 2024 Examinations

Module Chapter Page No. Remarks

(printed
copy)

2 7 7.43 In first bullet below the table, words, “invoice level in GSTR 2 and” be ignored.

2 7 7.48 In first sentence on the page, words “GSTR 2 and” be ignored.

2 7 7.103 In point (d) of the table, the word ‘he’ be read as ‘the’.

2 7 7.138 In point A of Question 5, words, “FY 2020-23” be read as “FY 2022-23”

2 11 11.40 In second heading, “Rate of interest”, “section 50(3)” be read as “section 50”.

2 11 11.48 In example 1, the amount “Rs. 4 lakh” be read as “Rs. 40,000”.

2 11 11.57 In the diagram under the heading “Interest payable on the gross tax liability [Section 50(1)], the words starting
with “after commencement of proceedings….Section 74” be substituted with “within due date”.

2 11 11.60 Point 3 of the table “Consequences of not complying with TDS provisions” be ignored.

2 11 11.63 In Question 7, the words, “on payment of IGST” be read as “without payment of IGST”. In the third paragraph
of Answer to Question 7, “with payment of IGST” be read as “without payment of IGST”. Further, the last
line starting with “Supply made during May……not be applicable” be ignored.

2 12 12.12 In example 5, word “deduct” be read as “collect”.

2 12 12.24 In point (g), the word “GSTR-1” in heading be read as “GSTR-8”.

3 14 14.14 In second para on the page, word “not” be ignored. Thus, said para will read as follows:

“Further, value of such in-bond sales is included in the value of exempt supply for the purpose of reversal
of ITC under rules 42 and 43 of CGST Rules [Explanation to section 17(3) of the CGST Act].”

3 14 14.44 In box on this page, “Export of Services [Section 29(6)]” be read as “Export of Services [Section 2(6)]”

3 17 17.19 In the diagram “Assessment under GST”, the words “Scrutiny Assessment in certain Special Cases” in the
last column be replaced with “Summary Assessment in certain special cases”.

3 21 21.31 Please refer the modified diagram given at the end of the page.

4 5 5.56 In Illustration 4, the date “01.04.2023” be read as “01.04.2022”.

Note – The above corrections have been carried out in the soft copy of the Study Material webhosted at the following link:

https://boslive.icai.org/sm_module.php?module=17