GOODS AND SERVICE TAX

Paper Code: 
ABF 501
Credits: 
3
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

Course Outcomes (COs):

Course Outcomes

Learning and teaching strategies

Assessment Strategies

 
 

On completion of this course, the students will be able to:

CO 191:Outline the Broad Framework of Indirect Taxes in India. Classify the process of registration, amendment and cancellation of registration

CO 192: Assess different types of Supply and provisions regarding Composition Scheme under GST

CO 193: Measure Time, Value and Place of Supply as per GST Provisions

CO 194: Evaluate the concept of Input Tax Credit and Reverse Charge Mechanism Compute GST liability

CO 195: Create awareness about provisions related to maintenance of accounts, generation of E Way bills and Audit

Interactive Lectures, Discussion, Tutorials Reading assignments, Demonstration

 

Class test, Quiz, Solving problems in tutorials, Assignments, Presentation, Individual and group projects Semester end examinations

 

  

 

9.00

Unit I:

CGST  Basic Knowledge, Important Definitions, Legal, Framework of CGST, Procedure for registration under CGST

 

 

    
 
9.00

Unit II:

Supply  Meaning, Nature, Concept, Scope and Types of Supply

Composition levy, Levy and Collection of Tax, Exemptions from GST

 

 

    

 

9.00

Unit III:

Time of Supply, Value of Supply, Place of Supply

Input Tax Credit

 
     

 

9.00

Unit IV:

Reverse Charge Mechanism, Tax Refund, Administration, Tax Assessment and Audit

 

9.00

 

Unit V:

Maintenance of Records and E ways, Filing of Tax Return, Demand, Recovery and Liability to tax

 

 
Essential Readings: 

ESSENTIAL READINGS:

  • Nitya, & Tax Associates Basics of GST Taxmann’s Publications
  • Chaudhary,V. Dalmia,A. & Girdharwal, S.  GST  A Practical Approach Taxmann’s Publications
  • Patel,& Choudhary Goods and Service Tax  Choudhary Prakashan

 

 

References: 

SUGGESTED READINGS

  • Mohan , R.  Illustrated Guide to Goods and Services Tax  Bharat Publications
  • Bangar,V.  & Bangar, Y.  Beginner’s Guide to GST Aadhya Publications 

 

 

 

e  RESOURCES:

 

JOURNALS:

  • Tax World
  • The Chartered Accountant
  • The Economist 
  • Business World

 

Note  The candidate shall be permitted to use battery operated pocket calculator that should not have more than 12 digits, 6 functions and 2 memories and should be noiseless and cordless

 

 

Academic Year: 
2022-2023
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