This course will enable the students to- The objective of this course is to gain knowledge of the provisions of Goods and Service Tax as mentioned below.
Course Outcomes (COs):
Course |
Learning outcome (at course level) |
Learning and teaching strategies |
Assessment Strategies |
|
Paper Code |
Paper Title |
|||
ABF 501 |
Goods and Services Tax |
CO 179Know the Broad Framework of Indirect Taxes in India CO 180Learn the process of registration, amendment and cancellation of registration CO 181Identify different types of Supply and provisions regarding Composition Scheme under GST CO 182Calculate Time, Value and Place of Supply as per GST Provisions CO 183Recognize the concept of Input Tax Credit and Reverse Charge Mechanism Compute GST liability CO 184To create Awareness about Provisions related to maintenance of Accounts, Generation of E-Way bills and Audit |
|
Class test, Quiz, Solving problems in tutorials, Assignments, Presentation, Individual and group projects Semester end examinations
|
CGST- Basic Knowledge, Important Definitions, Legal, Framework of CGST, Procedure for registration under CGST
Supply- Meaning, Nature, Concept, Scope and Types of Supply
Composition levy, Levy and Collection of Tax, Exemptions from GST
Time of Supply, Value of Supply, Place of Supply
Input Tax Credit
Reverse Charge Mechanism, Applicable rates of GST, Payment of Tax, Computation of GST Liability
Maintenance of Records, E-ways Bills and rules, Administration and Audit
• 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)
• Beginner’s Guide to GST- Vandana Bangar, Yogendra Bangar (Aadhya Publications)