Practical on Goods And Service Tax

Paper Code: 
SBFS504
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

The course will enable the students to familiarize themselves with the practical knowledge and skills in retail banking, covering customer service, loan processing, and financial product management.

Course Outcomes: 

                                                                                                                                                                                                        

 

Course

 

 

Learning outcome (at course level)

Learning  and Teaching Strategies

Assessment Strategies

Course Code

 

 

Course Title

 

SBFS504

 

Practical on

Goods And Service Tax (Practical)

 
  1. Attain an understanding of the nitty-gritty(Forms) involved in seeking Registration under GST and assessing the awareness about Recent amendments regarding exemptions under GST
  2. Classify types of supply and infer provisions and compliances applicable to composition dealers.
  3. Analyze various types of GST Liabilities and infer provisions about the Reverse Charge Mechanism.
  4. Generation of E waybills on the portal – Steps involved.
  5. Evaluate Case studies on GST Audits and maintenance of records.
  6. Contribute effectively in course-specific interaction

 

Approach in teaching: Blended Learning, Collaborative approach, Interactive Lectures, Discussion, Group Projects, PowerPoint presentation.

   

Learning activities for the students:

Self-learning assignments, Seminar presentations, Case Study Analysis, Brainstorming activities

 

Class tests, CA Test,

Semester end examinations, Quiz,

Evaluation of student Presentations,

 

Evaluation of Individual projects,

 

Assessment of Project Reports and viva voce.

 

Preparation of the procedure of simultaneous application of CGST & SGST. Preparation of Charts/Tabular Representation/ Presentation of taxable transactions under IGST, CGST & SGST

Case studies/presentation/charts/group discussions on form filling, mistakes during registration and single & separate registration.

Applicable Forms for Registration under GST:
• Study of various forms involved in seeking registration under GST and amendment thereof.
• Recent amendments regarding exemptions of goods and services from GST

Case studies/presentation/charts/group discussions on Input Tax Credit, Reversal of VAT.
Composition Dealers and Type 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

Preparation of Charts/Tabular Representation/ Presentation of filing periodic returns online, GST Websites, CBEC & more and the different types of returns and their applicability to the business- Monthly Returns, Quarterly Returns.
GST Liabilities and Reverse Charge Mechanism:
• Case studies based on various GST liabilities and identifying live examples where
• reverse charge mechanism is applicable

GST Audit 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.
2. Patel, & Choudhary. Goods and Service Tax. Choudhary Prakashan.
3. Shah, & Mangal. Goods and Services Tax. Ramesh Book Depot.
4. Nitya Tax Associates, Basics of GST. Taxmann’s Publications
5. Ahuja, G. & Gupta, R. Professional Approach to Direct Taxes. Bharat Law House Pvt Ltd, New
6. Delhi
7. Vinod. K. Singhania. Direct Tax Planning and Management. Taxmann’s
8. Tax Planning. RBD Publications
9. Basics of GST- Nitya Tax Associates (Taxmann’s Publications)
10. GST- A Practical Approach—VashisthaChaudhary, AshuDalmia, ShaifalyGirdharwal(Taxmann’s Publications)

References: 

Suggested Readings :
1. Mohan, R. Illustrated Guide to Goods and Services Tax. Bharat Publications
2. Bangar, V. & Bangar, Y. Beginner’s Guide to GST. Aadhya Publications
3. Bhargava, S.R & Jain N.L . Tax Planning via Status in Direct Tax Matters
4. Shrivastava, E. A. Corporate Tax Planning
5. Illustrated Guide to Goods and Services Tax- CA Rajat Mohan (Bharat Publications)
6. Biginner’s Guide to GST- Vandana Bangar, Yogendra Bangar (Aadhya Publications)
7. Customs Act - - Vandana Bangar, Yogendra Bangar (Aadhya Publications)
8. Goods and Service Tax-Patel, Choudhary (ChoudharyPrakashan)
e-Resources:
1. https://cbic-gst.gov.in
2. https://cleartax.in/s/gst-book-online-pdf
3. http://www.idtc.icai.org/gst.html
4. https://taxmantra.com/wp-content/uploads/2017/03/GST-Ebook.pdf
5. Tax World
6. The Chartered Accountant
7. The Economist

Academic Year: 
2023-2024
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