Goods and Services Tax

Paper Code: 
DFSG613A
Credits: 
4
Contact Hours: 
60.00
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

24DFSG613A

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

12.00
Unit II: 
Supply under GST

• 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, 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

• 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: 
Records, E-ways bills, Administration and Audit

• Maintenance of Records- General and Special records
• Preservation period
• E-ways Bills and rules
• Administration and AuditAudit 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 Readings:
● 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

Academic Year: 
2024-2025
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