Goods and Services Tax

Paper Code: 
24DATG501A
Credits: 
04
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 Outcomes: 

Course

Learning Outcomes (at Course Level)

Learning and teaching strategies

Assessment Strategies

Course Code

Course Title

 

 

 

 

 

 

 

 

 

24DATG501A

 

 

 

 

 

 

 

 

 

Goods and Services Tax (Theory)

CO121: Attain an understanding about the broad framework of Indirect Taxes in India and the process of registration, its amendment and cancellation under CGST.         

CO122:   Classify types of supply and infer provisions regarding composition levy and various Exemptions under GST.                  

CO123: Analyse   Time, Value, and place of supply

CO124: 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

CO125: Interpret the provisions related to maintenance of records, Generation of E waybills and Administration and Audit under GST

CO126: Contribute effectively in course-specific interaction

Approach

in

teaching:

Interactive

Lectures,

Discussion,

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 & Registration under GST
  • 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
  • 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: 
RCM & 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 Way Bills, Administration & 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.
  • Nitya Tax Associates, Basics of GST. Taxmann’s Publications

 

 

    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
    • Yogendra Bangar; Indirect Tax Law & Practice; (Aadhya Academy)

     

    E-Content:

     

    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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