Goods and Services Tax-Practical

Paper Code: 
24DFSG614A
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 Act.

Course Outcomes: 

Course

Learning outcome

(at course level)

Learning and teaching strategies

Assessment Strategies

 

Course Code

Course Title

 

24DFSG614A

Goods and Services Tax-Practical

(Practical)

 

CO235: Attain an understanding about nitty-gritties(Forms) involved in seeking Registration under GST and assess the awareness about recent amendments regarding exemptions under GST        

CO236: Classify types of supply and infer provisions and compliances applicable to composition dealers.                  

CO237: Analyze various types of GST Liabilities and infer provisions pertaining to Reverse Charge Mechanism             

CO238: Generation of E waybills on the portal – Steps involved

CO239: Evaluate Case studies on GST Audits and maintenance of records

CO240: 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: 

Suggested Refrence Books:
● 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

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

Reference Journals:
• Tax World
• The Chartered Accountant
• The Economist
• Business World

Academic Year: 
2024-2025
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