APPLICATIONS OF GOODS SERVICE TAX

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

Course Outcomes 

Learning and teaching strategies

Assessment Strategies 

On completion of this course, the students will be able to:

CO232: Analyze the provisions of IGST Act and evaluate differences with CGST Act

CO233: Analyze and evaluate compliance provisions regarding Administration, refund and apportionment of tax

CO234: Understand the process of filing of tax return via tax assessment and claim refund

CO235: Apply and analyze the provisions regarding Demand, Recovery and liability to pay, Inspection, Search, Seizure and Arrest

CO236: Analyze and evaluate the rules regarding Offences, Penalties and Punishments, Advance Ruling

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

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

 

9.00

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

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

9.00

Filing of Tax Return
Tax Assessment
Tax Refund

9.00

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

9.00

Offences, Penalties and Punishments
Advance Ruling

Essential Readings: 

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

Academic Year: 
2022-2023
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