Goods and Services Tax- Practical

Paper Code: 
24DBSG514A
Credits: 
2
Contact Hours: 
30.00
Max. Marks: 
100.00
Objective: 

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

 

Course

Learning outcome

(at course level)

Learning and teaching strategies

Assessment Strategies

Course Code

Course Title

24DBSG514A

Goods and Services Tax – Practical

(Practical)

CO187:   Attain an understanding about nitty-gritties(Forms) involved in seeking Registration under GST and assess the awareness about recent amendments regarding exemptions under GST        

CO188:   Classify types of supply and infer provisions and compliances applicable to composition dealers                  

CO189: Analyze various types of GST Liabilities and infer provisions pertaining to Reverse Charge Mechanism             

CO190: Generation of E waybills on the portal – Steps involved

CO191: Evaluate Case studies on GST Audits and maintenance of records

CO192: 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.

 

6.00
Unit I: 
Application Form for Registration under GST:

Study of various forms involved for seeking registration under GST and amendment thereof.

Recent amendments regarding exemptions of goods and services from GST 

6.00
Unit II: 
Composition Dealers and Types of Supply:

Differentiation between exempt, zero rated and taxable supplies taking practical examples of these supplies. Detailed practical study of composition dealers and compliances observed by them.

6.00
Unit III: 
GST Liabilities and Reverse Charge Mechanism:

Case studies based on various GST liabilities and identifying live examples where reverse charge mechanism is applicable

6.00
Unit IV: 
Generation of E-Way Bills:

Procedure for Generation of E-Way Bills on the common portal

6.00
Unit V: 
GST Audits and Maintenance of Records:

Case studies on GST Audits and maintenance of records

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
  • Ahuja, G. & Gupta, R. Professional Approach to Direct Taxes. Bharat Law House Pvt Ltd, New Delhi
  • Vinod. K. Singhania. Direct Tax Planning and Management. Taxmann’s
  • Tax Planning. RBD Publications

 

 

References: 
  • Mohan, R. Illustrated Guide to Goods and Services Tax. Bharat Publications
  • Bangar, V. & Bangar, Y. Beginner’s Guide to GST. Aadhya Publications
  • Bhargava, S.R & Jain N.L . Tax Planning via Status in Direct tax matters
  • Shrivastva , E. A. Corporate Tax Planning
  • Tax Planning. RBD Publications

 

e-Resources:

 

Reference Journals:

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

 

 

 

 

Academic Year: 
2024-2025
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