Coming soon
GOODS AND SERVICES TAX
Course Objectives:
This course will enable the students to acquire expert knowledge, understanding and application of Labour Laws.
Course Outcomes (COs):
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Course |
Course Outcomes (at course level) |
Learning and teaching strategies |
Assessment Strategies |
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Course Code |
Course Title |
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BCS 314 |
Goods And Services Tax
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CO 121:Breaking Down the ability to analyze and interpret the provisions of the goods and services tax law and concept of supply along with recommending solutions to practical problems. CO 122:Reviewing the Understanding the concept of Supply along with the rules related to time and value of supply. CO 123:Analyze Input Tax Credit, registration, Payment, refund, Invoice, notes and Electronic way bill. CO 124:Develop critical thinking regarding assessment, Audit, Scrutiny, Demand and Recovery, Advance Ruling, Appeals and Revision CO 125:Basic Overview on inspection, search, seizure, offences, penalties and GST practitioners. CO 126:Contribute effectively in course – specific interaction. |
Approach in teaching: Learning activities for the students: |
Class test, Semester end examinations, Quiz, Assignments, Class interaction, Presentation, Case study analysis, Open ended questions, think-pair-share, Socratic seminar |
Overview on Goods and Services Tax ‘GST’: Introduction, Constitutional Aspects & Administration, GST Models, Basics about CGST, SGST, IGST, UTGST and GST Compensation to States, Exemptions from GST
Supply under GST: Levy and Collection of CGST and IGST, Deemed Supply, Composite and Mixed Supply, Inter -State Supply, Intra-State Supply and Supplies in Territorial Waters, Inter, Composition Scheme, Pure Agent, Forward Charge Mechanism and Reverse Charge Mechanism
Time of Supply: Classification of Goods and Services under GST, Rules of Interpretation, Time of Supply of Goods, Time of Supply of Services
Value of Supply:Rules for Determination of Value of Supply, Applicability of Valuation Rules, Import and Export of Goods and Services under GST, Zero Rated Supply, Difference between Exempt Supply and Zero Rated Supply
Input Tax Credit & Computation of GST Liability: Input tax credit, Job Work, Job Work Procedure, Computation of GST liability
Procedural Compliance under GST: Registration, Tax Invoice, Debit & Credit Notes, Accounts and Records, Electronic Way Bill, Electronic Invoicing,, Payment of Tax, TDS, TCS, Returns & Refund, Valuation
Assessment, Audit, Scrutiny, Demand and Recovery, Advance Ruling, Appeals and Revision:,Assessment, Audit by Registered Dealer, Audit by Tax Authorities, Special Audit, Demand and Recovery, Time Limit for Issue of Notice, General Provisions Relating to Determination of Tax, Recovery of Tax, Advance Ruling, Appeals and Revision
Inspection, Search, Seizure, Offences &Penalties: Inspection, Search, Seizure & Arrest, Power of Inspection, Search and Seizure, Inspection of Goods in Movement, Arrest Provision under GST, Particulars of Search Authorization (Warrant)l Period for Retention of Documents or Books, Procedure for Releasing the Seized Goods, Seizure of Perishable and Hazardous Nature Goods
Compliance Rating, Anti-Profiteering, GST Practitioners, Authorised Representative: GST Compliance Rating, National Anti-Profiteering Authority, GST practitioners, Functions of GST Practitioners, Appearance by the Authorized Representative
Essential Readings:
- Study Material Published by ICSI
Suggested Readings:
- GST Ready Reckoner by CA Ashok Batra
- Indirect Taxation by Sultan Chand & Sons
- Indirect Tax Reform in India by Yashwant Sinha
- K.S. Naveen Kumar & Annapurna Kabra’s
E- Content:
- https://www.icsi.edu/student-n/new-syllabus-2022/studymaterial2023/executive-program/
- https://www.icsi.edu/e-journals/
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
