GOODS AND SERVICES TAX ACT -I

Paper Code: 
24TPT132
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

This course will enable the students develop a basic understanding of the specific provisions of Goods and Services Tax having practical relevance.

Course Outcomes: 

 

Course outcome

(at course level)

Learning and teaching strategies

Assessment Strategies

Course Code

Course

Title

 

24TPT132  

 

Goods And Services Tax Act -I

 (Theory)

CO7: Attain an understanding about the broad framework of Indirect Taxes in India and the process of registration, its cancellation and revocation under CGST.         

CO8: Classify types of supply and infer provisions pertaining to composition levy and various Exemptions under GST.                  

CO9: Analyze   Time and Value of supply 

CO10: Interpret the provisions related to Place of supply including Input Tax Credit

CO11: Computation of GST Liability

CO12: 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

 

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 and Value of supply

• Time of Supply
• Value of supply

12.00
Unit IV: 
Place of supply and ITC

• Place of Supply
• Input Tax Credit

12.00
Unit V: 
Tax liability

• Computation of Tax Liability

Essential Readings: 

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: 

Suggested Readings:
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)

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

Academic Year: 
2024-2025
  • Printer-friendly version
  • PDF version