GOODS AND SERVICES TAX

Paper Code: 
ATG 516
Credits: 
3
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

Course Outcomes

Learning and teaching strategies

Assessment Strategies 

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

CO191: Inferring about Provisions related to maintenance of Accounts, Generation of E-Way bills and Audit

CO192: Students will Analyze the Broad Framework of Indirect Taxes in India for having better understanding of Indirect Tax structure

CO193: Apply the provisions regarding registration for seeking registration under GST and comply with other nitty - gritties.

CO194: Students will evaluate different types of Supply in order to calculate GST liability.

CO195: Students will analyze Time, Value and Place of Supply under GST to identify the nature and scope of supply

Interactive Lectures, Discussion, Tutorials

 Reading assignments, Demonstration

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

 

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
Applicable rates of GST
Payment of Tax
Computation of GST liability

9.00

Maintenance of Records
E-ways Bills and rules
Administration and 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: 

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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