Goods and Service Tax

Paper Code: 
AAF 515
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 as mentioned below.

Course Outcome (COs):

 

Course

Learning outcome (at course level)

Learning and teaching strategies

Assessment Strategies

Paper Code

Paper Title

AAF 515

Goods and Service Tax

Upon successful completion of this course, the student will be able to:

CO 172: Organize the broad framework of Indirect Taxes in India and learn the process of registration under CGST.         

CO 173:  Evaluate different types of supply and provisions regarding composition levy and various Exemptions under GST.                   

CO 174: Calculate  Time, Value, and place of money  along with input tax credit                        

CO 175: Consider the concept of  reverse charge Mechanism                     & Computation of GST Liability

CO 176: Outline about provisions related to maintenance of records, Generation of E waybills and Filing of tax return

Approach in teaching: Interactive Lectures, Tutorials, Class discussion

 

Learning activities for the students: To give assignments & application based questions

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

 

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
  • Filing of Tax Return
Essential Readings: 

• Basics of GST- Nitya Tax Associates (Taxmann’s Publications)
• GST- A Practical Approach— Vashistha Chaudhary, Ashu Dalmia, Shaifaly Girdharwal (Taxmann’s Publications)
• Goods and Service Tax-Patel, Choudhary (Choudhary Prakashan)
• Illustrated Guide to Goods and Services Tax- CA Rajat Mohan (Bharat Publications)
• Biginner’s Guide to GST- Vandana Bangar, Yogendra Bangar (Aadhya Publications)

Academic Year: 
2021-2022
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