Goods and Services Tax

Paper Code: 
24CATG511
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

Course Outcomes (COs):

Course

Learning outcome

(at course level)

Learning and teaching strategies

Assessment Strategies

Course Code

Course title

24CATG511

Goods and Services Tax (Theory)

 

CO145:   Attain an understanding about the broad framework of Indirect Taxes in India and the process of registration, its amendment and  cancellation under CGST.          

CO146:   Classify types of supply and infer provisions regarding composition levy and various Exemptions under GST.              

CO147: Analyse   Time, Value, and place of supply along with input tax credit                    

CO148: 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

CO149: Interpret the provisions related to maintenance of records, Generation of E waybills and Administration and Audit under GST

CO150: 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 and Registration under GST:

● CGST- Basic Knowledge, 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:

● Supply- 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 and Place of Supply:

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

12.00
Unit IV: 
Reverse Charge Mechanism and 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 and 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: 

● Mohan, R. Illustrated Guide to Goods and Services Tax. Bharat Publications
● Bangar, V. & Bangar, Y. Beginner’s Guide to GST. Aadhya Publications

Academic Year: 
2024-2025
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