Applications of Goods and Services Tax

Paper Code: 
24DATG611A
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

This course will enable the students gain knowledge on practical applications of Goods and Services Tax

Course Outcomes: 

Course Outcomes (COs):

 

Course

Learning outcome

(at course level)

Learning and teaching strategies

Assessment Strategies

Course Code

Course Title

24DATG 611A

Applications of Goods and Services Tax

(Theory)

 

CO217:   Interpret the provisions of IGST Act and evaluate differences with the provisions in GST Act

 CO218: Analyze and apprise provisions pertaining to apportionment and settlement of funds under IGST and  Tax Assessment.

CO219: Attain a conceptual understanding about filing of Returns and Tax Refunds.

CO220: Explain the provisions related to Demand, Recovery and liability to pay, Inspection, Search, Seizure and Arrest

CO221: Analyze and infer the rules regarding Offences, Penalties, Punishments and Advance Ruling

CO222: Contribute effectively in course-specific interaction

Approach in teaching: Interactive Lectures, Discussions, Tutorials Problem solving sessions, Presentations.

 

Learning activities for the students: Self-learning assignments, Case Study Analysis, Presentations, Group Discussions.

 

Continuous Assessment Test,

Semester end Examinations,

Quiz,

Solving Numerical problems, Assignments, Class Presentations, Individual & group projects.

 

12.00
Unit I: 
Integrated Goods and Services Act:I

● GST 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)
● Administration under IGST
● Refund of IGST to International Tourists

12.00
Unit II: 
Apportionment and Settlement of Funds:

● Apportionment of Tax in IGST
● Settlement of Funds
● Tax Assessment- Procedure for Self-Assessment, Provisional Assessment
● Scrutiny of Returns
● Non-furnishing of Returns
● Assessment of Unregistered Persons
● Summary Assessment

12.00
Unit III: 
Tax Returns and Refunds:

● Filing of Tax Return
● Furnishing of details of outward and inward supply
● Rectification
● Monthly Returns by different RTPs
● Tax Refund
● Procedure for grant of Refunds
● Documentary evidences required
● Refunds for UNI Holders
● Interest on delayed refund
● Consumer Welfare Fund

12.00
Unit IV: 
Demand , Recovery Appeals and Revisions:

● Demand, Recovery and liability to pay
● Inspection, Search, Seizure and Arrest
● Test Purchase
● Inspection of goods in transit
● Power to summon
● Appeals and Revisions
● Appeals to Appellate Authority, Appellate Tribunal, High Court and Supreme Court

12.00
Unit V: 
Offences, Penalties and Advance Ruling:

● Offences, Penalties and Punishments
● Cognizance of offences,
● Presumption of culpable mental state
● Compounding of offences
● Advance Ruling
● Rectification, applicability and voidance of Advance Ruling

Essential Readings: 

● 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

References: 

● Mohan, R. Illustrated Guide to Goods and Services Tax. Bharat Publications
● Bangar, V. & Bangar, Y. Beginner’s Guide to GST. Aadhya Publications

e-Resources
● https://cbic-gst.gov.in
● https://cleartax.in/s/gst-book-online-pdf
● http://www.idtc.icai.org/gst.html
● https://taxmantra.com/wp-content/uploads/2017/03/GST-Ebook.pdf

Reference Journals:
● Tax World
● The Chartered Accountant
● The Economist
● Business World

Academic Year: 
2024-2025
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