GOODS AND SERVICES TAX-PRACTICAL

Paper Code: 
DE FSG 614A
Credits: 
2
Contact Hours: 
30.00
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:

CO196: Apply the nitty-gritties required for seeking Registration under GST

CO197: Practically apportion the Input Tax Credits to avail tax benefits

CO198: Compute GST Liability for simpler transactions

CO199: Apply the provisions of tax planning on investment portfolios of Companies

CO200: Analyze and evaluate the latest Finance Act provisions for better understanding of amendments in tax structure

Interactive Lectures, Discussion, Tutorials, Team teaching

 

 

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

 

6.00
Unit I: 
Unit I

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: 
Unit II

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: 
Unit III

Case studies based on various GST liabilities and identifying live examples where reverse charge mechanism is applicable

6.00
Unit IV: 
Unit IV

Procedure for Generation of E-Way Bills on the common portal

6.00
Unit V: 
Unit V

Case studies on GST Audits and maintenance of records

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
• 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

REFRENCE JOURNALS:
• Tax World
• The Chartered Accountant
• The Economist
• Business World

Academic Year: 
2023-2024
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