Goods and Services Tax

Paper Code: 
25DFSG 613A
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 Act.

 

Course Outcomes: 

Course

Learning outcome

(at course level)

Learning and teaching strategies

Assessment Strategies

Course Code

Course Title

25DFSG613A

Goods and                                                Services Tax

(Theory)

 

CO229: Attain an understanding about the broad framework of Indirect Taxes in India and the process of registration, its amendment and cancellation under CGST

CO230: Classify types of supply, including activities mentioned in Schedule III and infer provisions regarding composition levy and various Exemptions under GST                  

CO231: Analyse   Time, Value, and place of supply along with input tax credit

CO232: 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

CO233: Interpret the provisions related to maintenance of records, Generation of E waybills and Administration and Audit under GST

CO234: 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 Hours)

 

 

  

 

12.00
Unit II: 
Supply under GST:
   

(12 Hours)

 

 

  • 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 Hours)

 

    

 

 

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:
 
 

(12 Hours)

 

 

  • 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 Hours)

 

    

 

 

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

(12 Hours)

 

 

  • Maintenance of Records- General and Special records
  • Preservation period 
  • E-ways Bills and rules
  • Administration and AuditAudit by Tax Authorities and special audit

(12 Hours)

 

 

 

Essential Readings: 

 

 

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

 

Suggested Readings:

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

 

 

 

References: 

 

 

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: 
2025-2026
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