Applications of Goods and Services Tax (Theory)

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

 

CO 1:Recall the Basic provisions of IGST

CO 2:Interpret Compliance Provisions regarding Administration, refund and apportionment of tax

CO 3:Outline the process of filing of tax return via tax assessment and claim refund

CO 4:Interpret the provisions regarding Demand, Recovery and liability to pay, Inspection, Search, Seizure and Arrest, Appeals and Revisions

CO 5:Recollect 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: 
Administration under IGST
  • Refund of IGST to International Tourists, Apportionment of Tax in IGST
  • Settlement of Funds
9.00
Unit III: 
Filing of Tax Return
  •  Tax Assessment,
  • Tax Refund  
9.00
Unit IV: 
Demand
  •  Recovery and liability to pay Inspection,
  • Search,
  • Seizure and Arrest,
  • Appeals and Revisions
9.00
Unit V: 
Offences, Penalties and Punishments , Transitional Provisions, Advance Ruling
References: 
  • Basics of GST- Nitya Tax Associates (Taxmann’s Publications)
  • GST- A Practical Approach—  Vashistha Chaudhary, Ashu Dalmia, Shaifaly Girdharwal (Taxmann’s Publications)
  • llustrated Guide to Goods and Services Tax- CA Rajat Mohan (Bharat Publications)
  • Beginner’s Guide to GST- Vandana Bangar, Yogendra Bangar (Aadhya Publications)
  • Goods and Service Tax-Patel, Choudhary (Choudhary Prakashan)

 

Academic Year: 
2020-2021
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