Goods and Services Tax

Paper Code: 
24AAF615
Credits: 
3
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

Course Objectives:

This course will enable the students to gain knowledge of the provisions of Goods and Service Tax.

Course Outcomes: 

Course

Course Outcomes

Learning and teaching strategies

Assessment Strategies

Course Code

Course Title

24AAF615

Goods and Services Tax (Theory)

CO223:   Attain an understanding about the broad framework of Indirect Taxes in India and the process of registration under CGST.         

CO224:   Classify types of supply and infer provisions regarding composition levy and various exemptions under GST.                  

CO225: Analyse   time, value, and place of supply  along with input tax credit                        

CO226: Explain the process of  reverse charge mechanism, appraise rates of GST and computation of GST Liability

CO227: Interpret the provisions related to maintenance of records, generation of E waybills and filing of tax return

CO228: Contribute effectively in course – specific interaction.

Approach in

teaching: 

Interactive Lectures, Discussions, Tutorials, Problem solving sessions, Presentations

 

 

Learning activities for the students: 

Self-learning assignments, Case Study Analysis, Presentations, Group Discussions

 

Continuous Assessment Test, Semester End Examinations, Quiz, Solving Numerical Problems, Assignments, Class Presentations, Individual and group projects.

 

9.00
Unit I: 
CGST:

● CGST: Basic Knowledge, Important Definitions, Legal, Framework of CGST, Procedure for registration under CGST

9.00
Unit II: 
Supply:

● 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:

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

9.00
Unit IV: 
Reverse Charge Mechanism:

● Reverse Charge Mechanism: Applicable rates of GST, Payment of Tax, Computation of GST liability

9.00
Unit V: 
Maintenance of Records:

● Maintenance of Records: E-ways Bills and rules, Filing of Tax Return

Essential Readings: 

1. Basics of GST- Nitya Tax Associates (Taxmann’s Publications)
2. Goods and Service Tax-Patel, Choudhary (Choudhary Prakashan)
3. Goods and Services Tax – Shah and Mangal (Ramesh Book Depot)

References: 

1. Illustrated Guide to Goods and Services Tax- CA Rajat Mohan (Bharat Publications)
2. Biginner’s Guide to GST- Vandana Bangar, Yogendra Bangar (Aadhya Publications)
3. GST- A Practical Approach— Vashistha Chaudhary, Ashu Dalmia, Shaifaly Girdharwal (Taxmann’s Publications)

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

Reference Journals:
1. Tax World
2. The Chartered Accountant
3. The Economist
4. Business World

Academic Year: 
2024-2025
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