GOODS AND SERVICES TAX ACT-II

Paper Code: 
TPT-232
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

Learning outcome (at course level)

Learning and teaching strategies

Assessment Strategies

CO 21: Understand the concept of Reverse Charge Mechanism and Exemptions under GST

CO 22: Know the procedure for payment of GST through electronic ledgers

CO23: Understand the requirements of maintenance of records and importance of E-way Bills

CO 24: Comprehend the procedure of tax filing, tax assessment and tax refund

CO 25: Outline the broad framework of Demand, Recovery, Inspection, Search, Seizure and Arrest and have an idea about the provisions related to Offences, Penalties and Punishments

Approach in teaching:

Interactive Lectures, Discussion, Tutorials, assignments.

 

Learning activities for the students:

Self-learning assignments, Objective questions, Group tasks

 

Class test, Semester end examinations, Quiz, Solving problems in tutorials, Assignments, Individual projects

 

Reverse Charge Mechanism
Exemptions from GST
Applicable rates of GST

Payment of Tax-Electronic Cash Ledger, Electronic Credit Ledger, Electronic Liability Register, Interest on Delayed Payment, TDS, TCS

Maintenance of Records
E-ways Bills and rules,
Administration and Audit

Filing of Tax Return, Tax Assessment, Tax RefundDemand, Recovery and liability to pay
Inspection, Search, Seizure and Arrest,

Appeals and Revisions
Offences, Penalties and Punishments
Advance Ruling

Essential Readings: 

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

References: 

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

Academic Year: 
2022-2023
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