GOODS AND SERVICES TAX

Paper Code: 
DATG 501A
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:

CO 101: Infer about Provisions related to maintenance of Accounts, Generation of E-Way bills and Audit

CO 102: Analyze the Broad Framework of Indirect Taxes in India for having better understanding of Indirect Tax structure

CO 103: Apply the provisions regarding registration for seeking registration under GST and comply with other nitty - gritties.

CO 104: Evaluate different types of Supply in order to calculate GST liability.

CO 105: 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

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

12.00

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

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 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

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: 
2023-2024
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