CS Executive Dec 2024 CMSL Exam Review

The CS Executive December 2024 Corporate and Management Accounting, Secretarial Audit, and Due Diligence (CMSL) exam presented candidates with an opportunity to showcase their in-depth understanding of advanced concepts in corporate governance, accounting, and compliance management. This blog provides a comprehensive CMSL exam review, highlighting student feedback, section-wise analysis, and preparation strategies for future aspirants.

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CS Executive CMSL Exam Review

CMSL Exam Review Student Feedback

• “The paper was manageable, but the Direct Tax questions were lengthy. I had to prioritize which ones to attempt.” – Student 1
• “ The case-study-based questions on GST were a bit tricky but solvable with a clear understanding of the law.” – Student 2
• “ I focused on practicing from the ICSI study material, which helped me handle most questions confidently.” – Student 3
• “The Indirect Tax section was well-structured but required attention to detail, which consumed time.” – Student 4

Also Read: CS Executive Dec 2024 JIGL Exam Analysis

CS Executive CMSL Exam Review Section-Wise

Direct Taxation

Key Topics Covered:

• Residential status and its implications.
• Computation of total income for individuals, firms, and companies.
• Tax deductions under Chapter VI-A and TDS provisions.
• Assessment procedures and penalty provisions.

Indirect Taxation – Goods and Services Tax (GST)

Key Topics Covered:

• Input tax credit (ITC) eligibility and restrictions.
• Tax invoice and GST return filing.
• Reverse charge mechanism and exemptions under GST.

Indirect Taxation – Customs Law

Key Topics Covered:

• Types of customs duties, including Basic Customs Duty (BCD), IGST, and cess.
• Valuation rules for imported and exported goods.
• Exemptions and concessions under customs law.

Student Insights: While the questions were direct, detailed calculations and procedural questions made this section time-intensive. Students who revised valuation rules and procedural provisions performed better.

Key Challenges Faced by Students

Time Management:

Application-Based Questions:

Detailed Calculations:

Preparation Tips for Future CMSL Aspirants

Focus on Conceptual Clarity

Practice Time-Bound Mock Tests

Prioritize Key Topics

Analyze Past Papers

Revise Regularly