GOODS AND SERVICES TAX

Paper Code: 
DE FSG 613A
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

COURSE OUTCOMES (Cos):

Course Outcomes

 

Learning and teaching strategies

Assessment Strategies

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

CO191: Inferring about Provisions related to maintenance of Accounts, Generation of E-Way bills and Audit

CO192: Students will Analyze the Broad Framework of Indirect Taxes in India for having better understanding of Indirect Tax structure

CO193: Apply the provisions regarding registration for seeking registration under GST and comply with other nitty - gritties.

CO194: Students will evaluate different types of Supply in order to calculate GST liability.

CO195: 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

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

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: 
Supply

Time of Supply
Value of Supply
Place of Supply
Input Tax Credit

12.00
Unit IV: 
Reverse Charge Mechanism

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

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: 

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

e-RESOURCES:
• https://cbic-gst.gov.in
• https://cleartax.in/s/gst-book-online-pdf
• http://www.idtc.icai.org/gst.html
• https://taxmantra.com/wp-content/uploads/2017/03/GST-Ebook.pdf

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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