GOODS AND SERVICE TAX

Paper Code: 
ABF 501
Credits: 
3
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

Course Outcomes

Learning and teaching strategies

  
 

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

CO 191:Outline the Broad Framework of Indirect Taxes in India. Classify the process of registration, amendment and cancellation of registration

CO 192: Assess different types of Supply and provisions regarding Composition Scheme under GST

CO 193: Measure Time, Value and Place of Supply as per GST Provisions

CO 194: Evaluate the concept of Input Tax Credit and Reverse Charge Mechanism Compute GST liability

CO 195: Create awareness about provisions related to maintenance of accounts, generation of E Way bills and Audit

Interactive Lectures, Discussion, Tutorials Reading assignments, Demonstration

 

  

 

9.00

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

9.00

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

9.00

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

9.00

Reverse Charge Mechanism, Tax Refund, Administration, Tax Assessment and Audit

9.00

Maintenance of Records and E ways, Filing of Tax Return, Demand, Recovery and Liability to tax

Essential Readings: 

• Nitya, & Tax Associates Basics of GST Taxmann’s Publications
• Chaudhary,V. Dalmia,A. & Girdharwal, S. GST A Practical Approach Taxmann’s Publications
• Patel,& Choudhary Goods and Service Tax Choudhary Prakashan

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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