Applications of Goods and Service Tax

Paper Code: 
ATG 616
Credits: 
3
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

The objective of this course is to gain knowledge of the provisions of Goods and Service Tax.

COURSE OUTCOMES (COs):

Course

Learning outcome

 (at course level)

Learning and teaching strategies

Assessment Strategies

Paper Code

Paper Title

ATG  616

Applications of Goods and Services Tax

 

CO222:Analyze the provisions of IGST Act and evaluate differences with CGST Act

CO223:Analyze and evaluate compliance provisions regarding Administration, refund and apportionment of tax

CO224:Understand the process of filing of tax return via tax assessment and claim refund

CO225:Apply and analyze the provisions regarding Demand, Recovery and liability to pay, Inspection, Search, Seizure and Arrest

CO226:Analyze and evaluate the rules regarding Offences, Penalties and Punishments, Advance Ruling

Approach in teaching:

Interactive Lectures, Discussion, Tutorials, Reading assignments, Team teaching

Learning activities for the students:

Field activities, Presentation, Giving tasks

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

 

9.00
Unit I: 
IGST Act

Definition, Extent and Scope, Levy and collection of Tax in IGST, Power to grant Exemptions
Determination of Nature of Supply (Chapter 4 of IGST Act), Place of supply of both Goods and Services in IGST (Chapter 5 of IGST Act), Provisions regarding Payment of Tax by a supplier of OIDAR Services
Zero Rated Supply in IGST (Chapter 7 of IGST Act)

9.00
Unit II: 
IGST Act

Administration under IGST, Refund of IGST to International Tourists, Apportionment of Tax in IGST
Settlement of Funds

9.00
Unit III: 
IGST Act

Filing of Tax Return, Tax Assessment, Tax Refund

9.00
Unit IV: 
IGST Act

Demand, Recovery and liability to pay Inspection, Search, Seizure and Arrest, Appeals and Revisions

9.00
Unit V: 
IGST Act

Offences, Penalties and Punishments , Transitional Provisions, Advance Ruling

Essential Readings: 

1. Basics of GST- Nitya Tax Associates (Taxmann’s Publications)
2. GST- A Practical Approach— Vashistha Chaudhary, Ashu Dalmia, Shaifaly Girdharwal (Taxmann’s Publications)
3. Illustrated Guide to Goods and Services Tax- CA Rajat Mohan (Bharat Publications)
4. Biginner’s Guide to GST- Vandana Bangar, Yogendra Bangar (Aadhya Publications)
5. Goods and Service Tax-Patel, Choudhary (Choudhary Prakashan)

Academic Year: 
2021-2022
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