Coming soon
Indirect Tax Laws
To acquire knowledge on practical application of indirect taxes.
|
BCS 413 |
Indirect Tax laws |
CO 109:Ability to analyze and interpret the provisions of the goods and services tax law and recommend solutions to practical problems. CO 110:Understand the concept of supply, Input Tax Credit, Payment ,refund, Invoice, notes and Electronic way bill CO 111:Basic Overview on IGST, UTGST and GST Compensation to States Act CO 112: understanding of the customs laws and acquire the ability to analyze and interpret the provisions of such laws |
Approach in teaching: Interactive Lectures, Discussion, Tutorials, Reading assignments, Demonstration, Learning activities for the students: Self learning assignments, Effective questions, presentation, Giving tasks, |
Class test, Semester end examinations, Quiz, Solving problems in tutorials, Assignments, Presentation, Individual and group projects |
Introduction; Constitutional Aspects & Administration; GST models; Levy and collection of CGST and IGST; Composition scheme & Reverse Charge, Exemptions.
Supply :Meaning & scope, types of supply (composite/mixed inter/ intra); Time, Place and Value of Taxable Supply; Import and Export of Goods or Services under GST, Classification of Goods and Services; Job work provisions, agency contracts, e-commerce & TCS.
Input tax credit; Computation of GST liability
Procedural Compliance under GST: Registration; Tax Invoice, Debit & Credit Note, Account and Record, Electronic way Bill, Payment of Tax, TDS, Returns & Refund, Valuation, Audit & Scrutiny; Assessment.
Assessment, Audit, Scrutiny, Demand and Recovery, Advance Ruling, Appeals and Revision
Inspection, search, seizure, offences &penalties, GST practitioners, authorized representative, professional opportunities
Introduction, Need for IGST ,Nature of Supply , Place of Supply , Refund of Integrated Tax to International Tourist, Zero Rated Supply.
Union Territory Goods and Services Tax (UTGST) :
Introduction, Fundamental difference between States and Union Territory One Nation One Tax Article, Illustrations on levy of tax.
GST Compensation to States:
Introduction ,Levy and Collection of Cess , Returns, Payments and Refunds , Input Tax Credit of Cess Paid , Compensation Cess on Goods Exported, Establishment of GST Compensation Fund, Provisions regarding Compensation Payable to States.
Industry/ Sector specific analysis:
Basic Concepts of Customs Law :
Introduction; Levy and collection of customs duties; Taxable Events; Custom duties.
Valuation & Assessment of Imported and Export Goods & Procedural Aspects: Classification and Valuation of Import and Export Goods; Assessment; Abatement and Remission of Duty; Exemptions; Refund and recovery.
Arrival or Departure and Clearance of Goods, Warehousing, Duty Drawback, Baggage and Miscellaneous Provisions :
Arrival and departure of goods; Clearance of Import and Export Goods & Goods in Transit; Transportation and Warehousing provisions; Duty Drawback provisions, Baggage Rules & provision related to prohibited goods, notified goods, specified goods, illegal importation / exportation of goods.
Advance Ruling, Settlement Commission, Appellate Procedure, Offences and Penalties :
Advance Ruling; Appeal and Revision; Offences and Penalties; Prosecution; Settlement of Cases.
Foreign Trade Policy (FTP):
Export promotion scheme under FTP; Salient features, administration & Other miscellaneous provisions.
- Study Material Published by ICSI
- Scanner-Arun Kumar(ShuchitaPrakashans(P) Ltd)
