GOODS AND SERVICES TAX

Paper Code: 
AAF 615
Credits: 
3
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

Course Outcomes (COs):

Course Outcomes

Learning and teaching strategies

Assessment Strategies

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

CO202: Organize the broad framework of Indirect Taxes in India and learn the process of registration under CGST.         

CO203:  Evaluate different types of supply and provisions regarding composition levy and various Exemptions under GST.                  

CO204: Calculate  Time, Value, and place of money  along with input tax credit                         

CO205: Consider the concept of  reverse charge Mechanism                     & Computation of GST Liability

CO206: Outline about provisions related to maintenance of records, Generation of E waybills and Filing of tax return

Interactive Lectures, Tutorials, Class discussion, 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)
• Goods and Services Tax – Shah and Mangal (Ramesh Book Depot)

References: 

• Illustrated Guide to Goods and Services Tax- CA Rajat Mohan (Bharat Publications)
• Biginner’s Guide to GST- Vandana Bangar, Yogendra Bangar (Aadhya Publications)

e- RESOURCES:
• 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

Academic Year: 
2023-2024
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