GOODS AND SERVICES TAX

Paper Code: 
DE BSG 513A
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

COURSE OUTCOMES (Cos):

Course Outcome

Learning and teaching strategies

Assessment Strategies

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

CO151: Inferring about Provisions related to maintenance of Accounts, Generation of E-Way bills and Audit

CO152: Students will Analyze the Broad Framework of Indirect Taxes in India for having better understanding of Indirect Tax structure

CO153: Apply the provisions regarding registration for seeking registration under GST and comply with other nitty - gritties.

CO154: Students will evaluate different types of Supply in order to calculate GST liability.

CO155: Students will analyze Time, Value and Place of Supply under GST to identify the nature and scope of supply

Interactive Lectures, Discussion, Tutorials

 Reading assignments, Demonstration

 

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

 

12.00
Unit I: 

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- 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 of Supply

Value of Supply

Place of Supply

Input Tax Credit

12.00
Unit IV: 

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: 

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

e-RESOURCES:

REFRENCE 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: 
2023-2024
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