GOODS AND SERVICES TAX ACT -I

Paper Code: 
TPT-132
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

Learning outcome (at course level)

Learning and teaching strategies

Assessment Strategies

CO 06: Understand the Broad Framework of Indirect Taxes in India and Learn the process of registration, amendment and cancellation of registration

CO 07: Understand different types of Supply and provisions regarding Composition Scheme under GST

CO 08: Calculate Time, Value of Supply as per GST Provisions

CO 09: Calculate Place of Supply as per GST Provisions and understand the concept of Input Tax Credit

CO 10 :Compute GST liability

 

Approach in teaching:

Interactive Lectures, Discussion, Tutorials, Team teaching

 

Learning activities for the students:

Self learning assignments, Effective questions, Seminar presentation, Giving tasks.

Class test, Quiz

 

Solving problems in tutorials, Assignments

 

Presentation, Individual and group projects Semester end examinations

 

12.00

Concept of Indirect Taxes at a glance
Indirect taxes in India – An overview;
Pre-GST tax structure and deficiencies; Existing tax structure.
CGST- Basic Knowledge, Definitions
Registration: Procedure for registration under GST, Cancellation and revocation of Cancellation

12.00

Meaning, concept and scope of supply
• Inter State and Intra State Supply,
• Composite and Mixed Supply,
• Continuous Supply and Zero Rated Supply,
• Taxable and Non Taxable supplies,
Composition levy, Levy and Collection of Tax

12.00

• Time of Supply
• Value of supply

12.00

Place of Supply
Input Tax Credit

12.00

Computation of Tax Liability

Essential Readings: 

1. Basics of GST- Nitya Tax Associates (Taxmann’s Publications)
2. GST- A Practical Approach— Vashistha Chaudhary, AshuDalmia, ShaifalyGirdharwal (Taxmann’s Publications)
3. Goods and Service Tax-Patel, Choudhary (ChoudharyPrakashan)

References: 

1. Illustrated Guide to Goods and Services Tax- CA Rajat Mohan (Bharat Publications)
2. Biginner’s Guide to GST- VandanaBangar, YogendraBangar (Aadhya Publications)

Academic Year: