Goods and Service Tax

Paper Code: 
ABF 501
Credits: 
3
Contact Hours: 
45.00
Objective: 

The objective of this course is to gain knowledge of the provisions of Goods and Service Tax as mentioned below.

12.00
Unit I: 

CGST- Basic Knowledge, Legal Framework of CGST, Procedure for registration under CGST

10.00
Unit II: 

Composition levy, Levy and Collection of Tax, Payment of Tax

8.00
Unit III: 

Time, Value and Types of Supply, Exemptions from GST, Input Tax Credit

8.00
Unit IV: 

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

7.00
Unit V: 

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

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)
Note- The candidate shall be permitted to use battery operated pocket calculator that should not have more than 12 digits, 6 functions and 2 memories and should be noiseless and cordless

Academic Year: 
2018-2019
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