GOODS AND SERVICES TAX ACT -I

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

Course Outcome (COs):

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
Unit I: 

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
Unit II: 

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
Unit III: 

Time of Supply

       Value  of supply

12.00
Unit IV: 

Place of Supply

Input Tax Credit 

12.00
Unit V: 

Computation of Tax Liability

Essential Readings: 
  1. Basics of GST- Nitya Tax Associates (Taxmann’s Publications)
  2. GST- A Practical Approach—  Vashistha Chaudhary, Ashu Dalmia, Shaifaly Girdharwal (Taxmann’s Publications)
  3. Goods and Service Tax-Patel, Choudhary (Choudhary Prakashan)

 

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)

 

Academic Year: 
2023-2024
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