Goods And Services Tax

Paper Code: 
24DBSG513A
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

This course will enable the students develop an understanding of the provisions of Goods and Services Tax.

Course

Learning outcome

(at course level)

Learning and teaching strategies

Assessment Strategies

Course Code

Course Title

DBSG513A

Goods and Services Tax (Theory)

CO181: Attain an understanding about the broad framework of Indirect Taxes in India and the process of registration, its amendment and cancellation under CGST         

CO182: Classify types of supply, including activities mentioned in Schedule III and infer provisions regarding composition levy and various Exemptions under GST                

CO183: Analyse Time, Value, and place of supply along with input tax credit                        

CO184: Explain the process of reverse charge Mechanism, appraise rates of GST and Computation of GST Liability along with Interest on delayed or excessive claim of ITC

CO185: Interpret the provisions related to maintenance of records, Generation of E waybills and Administration and Audit under GST

CO186: Contribute effectively in course-specific interaction

Approach in

teaching: Interactive Lectures, Discussions, Tutorials, Problem solving sessions, Presentations

 

 

Learning activities for the students: Self-learning assignments, Case Study Analysis, Presentations, Group Discussions

Continuous Assessment Test, Semester End Examinations, Quiz, Solving Numerical Problems, Assignments, Class Presentations, Individual and group projects.

 

12.00
Unit I: 
CGST Act and Registration under GST:

·       CGST- Basic Knowledge, Important Definitions

·       Legal Framework of CGST

·       Procedure for registration under CGST

·       Amendment of Registration

        Cancellation or suspension of Registration

12.00
Unit II: 
Supply under GST:

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

·       Activities mentioned in Schedule-III

·       Composition levy, Levy and Collection of Tax

        Exemptions from GST

12.00
Unit III: 
Time, Value & Place of Supply:

·       Time of Supply

·       Value of Supply

·       Place of Supply

        Input Tax Credit

12.00
Unit IV: 
Reverse Charge Mechanism and Payment of Tax:

·       Reverse Charge Mechanism

·       Applicable rates of GST

·       Payment of Tax

·       Computation of GST liability

·       Interest on Delayed or undue or excess claim of ITC

·       Deemed passing of incidence

        TDS, TCS

12.00
Unit V: 
Records, E-ways bills, Administration and Audit:

·       Maintenance of Records- General and Special records

·       Preservation period 

·       E-ways Bills and rules

·       Administration and Audit

                       Audit by Tax Authorities and special audit

Essential Readings: 
  • Chaudhary, V., Dalmia, A., & Girdharwal, S. GST- A practical Approach. Taxmann's Publications.
  • Patel, & Choudhary. Goods and Service Tax. Choudhary Prakashan.
  • Shah, & Mangal. Goods and Services Tax. Ramesh Book Depot

 

References: 
  • Mohan, R. Illustrated GuiDEto Goods and Services Tax. Bharat Publications
  • Bangar, V. & Bangar, Y. Beginner’s GuiDEto GST. Aadhya Publications
  • Nitya Tax Associates, Basics of GST. Taxmann’s Publications

 

e-Resources:

 

Reference 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: 
2024-2025
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