Goods and Service Tax

Paper Code: 
ATG 516
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:

Course

Learning outcome

 (at course level)

Learning and teaching strategies

Assessment Strategies

Paper Code

Paper Title

ATG  516

Goods and Services Tax

 

CO181:Inferring about Provisions related to maintenance of Accounts, Generation of E-Way bills and Audit

CO182:Students will Analyze the Broad Framework of Indirect Taxes in India for having better understanding of Indirect Tax structure

CO183:Apply the provisions regarding registration for seeking registration under GST and comply with other nitty - gritties.

CO184: Students will evaluate different types of Supply in order to calculate GST liability.

 

CO185:Students will analyze Time, Value and Place of Supply under GST to identify the nature and scope of supply,

CO186:Apply provisions pertaining to Input Tax Credit and avail tax benefits

 

CO187:Students will compute GST liability

Interactive Lectures, Discussion, Tutorials

 Reading assignments, Demonstration

Learning activities for the students

Self learning assignments, Application based questions

 

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

 

9.00
Unit I: 
CGST

Basic Knowledge, Important Definitions, Legal, Framework of CGST, Procedure for registration under CGST

9.00
Unit II: 
Supply

Meaning, Nature, Concept, Scope and Types of Supply
Composition levy, Levy and Collection of Tax, Exemptions from GST

9.00
Unit III: 

Time of Supply, Value of Supply, Place of Supply Input Tax Credit

9.00
Unit IV: 

Reverse Charge Mechanism, Applicable rates of GST, Payment of Tax, Computation of GST liability

9.00
Unit V: 

Maintenance of Records , E-ways Bills and rules, Administration and Audit

Essential Readings: 

1. Basics of GST- Nitya Tax Associates (Taxmann’s Publications)
2. GST- A Practical Approach— Vashistha Chaudhary, Ashu Dalmia, Shaifaly Girdharwal (Taxmann’s Publications)
3. Goods and Service Tax-Patel, Choudhary (Choudhary Prakashan)

References: 

1. Illustrated Guide to Goods and Services Tax- CA Rajat Mohan (Bharat Publications)
2. Biginner’s Guide to GST- Vandana Bangar, Yogendra Bangar (Aadhya Publications)

Academic Year: 
2021-2022
  • Printer-friendly version
  • PDF version