Goods and Services Tax

Paper Code: 
24DATG501A
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

This course will enable the students develop an understanding of the provisions of Goods and Services Tax

Course Outcomes (COs):

 

Course

Learning Outcomes (at Course Level)

Learning and teaching strategies

Assessment Strategies

Course Code

Course Title

 

 

 

 

 

 

 

 

 

24 DATG 501A

 

 

 

 

 

 

 

 

 

Goods and Services Tax (Theory)

CO121: Attain an understanding about the broad framework of Indirect Taxes in India and the process of registration, its amendment and cancellation under CGST.         

CO122:   Classify types of supply and infer provisions regarding composition levy and various Exemptions under GST.                   

CO123: Analyse   Time, Value, and place of supply

CO124: Explain the process of reverse charge Mechanism, appraise rates of GST and Computation of GST Liability along with Interest on delayed or excessive claim of ITC

CO125: Interpret the provisions related to maintenance of records, Generation of E waybills and Administration and Audit under GST

CO126: Contribute effectively in course-specific interaction

Approach in

teaching: Interactive Lectures, Tutorials, Class discussions

 

Learning

activities for the

students: Assignments, application based questions, case studies and group discussions

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

 

 

12.00
Unit I: 
CGST Act & Registration under GST

• Important Definitions
• Legal Framework of CGST
• Procedure for registration under CGST
• Amendment of Registration
• Cancellation or suspension of Registration

12.00
Unit II: 
Supply under GST:

• Meaning, Nature, Concept, Scope and Types of Supply
• Activities mentioned in Schedule-III
• Composition levy, Levy and Collection of Tax
• Exemptions from GST

12.00
Unit III: 
Time Value & Place of Supply:

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

12.00
Unit IV: 
RCM & payment of Tax:

• Reverse Charge Mechanism
• Applicable rates of GST
• Payment of Tax
• Computation of GST liability
• Interest on Delayed or undue or excess claim of ITC
• Deemed passing of incidence
• TDS, TCS

12.00
Unit V: 
Records, E Way Bills, Administration & Audit:

• Maintenance of Records General and Special records
• Preservation period
• E-ways Bills and rules
• Administration and Audit
• Audit by Tax Authorities and special audit

Essential Readings: 

• Chaudhary, V., Dalmia, A., & Girdharwal, S. GST- A practical Approach. Taxmann's Publications.
• Patel, & Choudhary. Goods and Service Tax. Choudhary Prakashan.
• Shah, & Mangal. Goods and Services Tax. Ramesh Book Depot.
• Nitya Tax Associates, Basics of GST. Taxmann’s Publications

References: 

Suggested Readings:
• Mohan, R. Illustrated Guide to Goods and Services Tax. Bharat Publications
• Bangar, V. & Bangar, Y. Beginner’s Guide to GST. Aadhya Publications
• Yogendra Bangar; Indirect Tax Law & Practice; (Aadhya Academy)

E-Content:
• https://cbic-gst.gov.in
• https://cleartax.in/s/gst-book-online-pdf
• http://www.idtc.icai.org/gst.html
• https://taxmantra.com/wp-content/uploads/2017/03/GST-Ebook.pdf

Reference Journals:
• Tax World
• The Chartered Accountant
• The Economist
• Business World

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: 
2024-2025
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