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GOODS AND SERVICES TAX -PRACTICAL
Course Outcomes (Cos):
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Course outcomes |
Learning and teaching strategies |
Assessment Strategies |
|---|---|---|
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On completion of this course, the students will be able to: CO126: Apply the nitty-gritties required for seeking Registration under GST CO127: Practically apportion the Input Tax Credits to avail tax benefits CO128: Compute GST Liability for simpler transactions CO129: Apply the provisions of tax planning on investment portfolios of Companies CO130: Analyze and evaluate the latest Finance Act provisions for better understanding of amendments in tax structure |
Interactive Lectures, Discussion, Tutorials, Team teaching
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Class test, Semester end examinations, Quiz, Solving problems in tutorials, Assignments, Presentation, Individual and group projects |
Study of various forms involved for seeking registration under GST and amendment thereof.
Recent amendments regarding exemptions of goods and services from GST
Differentiation between exempt, zero rated and taxable supplies taking practical examples of these supplies. Detailed practical study of composition dealers and compliances observed by them.
Case studies based on various GST liabilities and identifying live examples where reverse charge mechanism is applicable
Procedure for Generation of E-Way Bills on the common portal
Case studies on GST Audits and maintenance of records
• Chaudhary, V., Dalmia, A., & Girdharwal, S. GST- A practical Approach. Taxmann's Publications.
• Patel, & Choudhary. Goods and Service Tax. Choudhary Prakashan.
• Shah, & Mangal. Goods and Services Tax. Ramesh Book Depot.
• Nitya Tax Associates, Basics of GST. Taxmann’s Publications
• Ahuja, G. & Gupta, R. Professional Approach to Direct Taxes. Bharat Law House Pvt Ltd, New Delhi
• Vinod. K. Singhania. Direct Tax Planning and Management. Taxmann’s
• Tax Planning. RBD Publications
SUGGESTED REFERENCE BOOKS:
• Mohan, R. Illustrated Guide to Goods and Services Tax. Bharat Publications
• Bangar, V. & Bangar, Y. Beginner’s Guide to GST. Aadhya Publications
• Bhargava, S.R & Jain N.L . Tax Planning via Status in Direct tax matters
• Shrivastva , E. A. Corporate Tax Planning
e-RESOURCES:
• https://selfservice.gstsystem.in
• http://www.idtc.icai.org/gst.html
• https://taxmantra.com/wp-content/uploads/2017/03/GST-Ebook.pdf
• https://gstcouncil.gov.in
• https://cleartax.in/s/gst-book-online-pdf
• https://cbic-gst.gov.in
REFERENCE JOURNALS:
• Tax World
• The Chartered Accountant
• The Economist
