APPLICATIONS OF GOODS & SERVICES TAX

Paper Code: 
DATG 611 A
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

Course Outcomes (COs):

Course Outcomes

 

Learning and teaching strategies

Assessment Strategies

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

CO181: Analyze the provisions of IGST Act and evaluate differences with CGST Act

CO182: Analyze and evaluate compliance provisions regarding Administration, refund and apportionment of tax

CO183: Understand the process of filing of tax return via tax assessment and claim refund

CO184: Apply and analyze the provisions regarding Demand, Recovery and liability to pay, Inspection, Search, Seizure and Arrest

CO185: 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,

 

12.00

• 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)
• Administration under IGST
• Refund of IGST to International Tourists

12.00

• 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

• 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

• 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

• 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: 

SUGGESTED REFERENCE BOOKS:
• 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: 
2023-2024
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