Advance Tax Laws and Practice

Paper Code: 
BCS 611
Credits: 
3
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

To acquire knowledge of practical and procedural aspects relating to Direct Tax Laws

Taxation of
• Individual Entities,
• Partnership, LLP,
• Companies

International Taxation Covering Taxation of Non Resident
Entities, Advance Ruling, Transfer Pricing, Direct tax Avoidance
Agreement.
Case studies and Practical Problems covering Advance Tax
Planning relating to Companies and Business Entities.

Service Tax: Background, Negative List Approach, Statutory Provisions, Taxable Services, Valuation, Point of Taxation, Place of Provision of Service

Service Tax: Administrative Mechanism and Procedural Aspects, Assessment, Computation, Levy, Collection and Payment of Service Tax, Exemptions, CENVAT Credit for Service Tax, Returns, Refunds, Demands, Appeals, Revisions, Advance Rulings, Settlement
Commission, Audit under Section 72A of Finance Act, 1994.
Goods and Service Tax (GST) - Concept and Developments

Value Added Tax: Background, Concept and Mechanism of VAT, Classification, Invoicing, Exemption, Returns, Refunds, Demands, Appeals, Revisions, Liability under VAT
Value Added Tax: Set off and Composition Scheme, Computation of VAT, Assessment, VAT on Works Contract, Right to use Property, Rate of Tax, Procedural Aspects including Registration, Preparation and Filing of
E-Returns, Audit and Appearances

References: 

1. Corporate Tax Planning – EA Shrinivas (Mc Graw Hill Education (India) Ltd)
2. Corporate Tax Planning and Management – Girish Ahuja & Ravi Gupta (Bharat Law House Pvt Ltd)
3. Direct Tax Law & Practice- Girish Ahuja & Ravi Gupta (Bharat Law House Pvt Ltd)
4. Corporate Taxation –H.P Ranina-(Orient Law House, Allahabad)
5. Study Material Published by ICSI
6. Scanner: Arun Kumar (Shuchita Prakashans P Ltd)

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: