Goods and Services Tax (Theory)

Paper Code: 
ATG 516
Credits: 
3
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

The objective of this course is to gain knowledge of the provisions of Goods and Service tax

 COURSE OUTCOMES (COs):

Course

Learning outcome

 (at course level)

Learning and teaching strategies

Assessment Strategies

Paper Code

Paper Title

ATG 516

Goods and Services Tax

 

CO 1:Know the Broad Framework of Indirect Taxes in India

CO 2:Learn the process of registration, amendment and cancellation of registration

CO 3:Identify different types of Supply and provisions regarding Composition Scheme under GST

CO 4:Calculate Time, Value and Place of Supply as per GST Provisions

CO 5:Recognize the concept of Input Tax Credit and Reverse Charge Mechanism

CO 6:Compute GST liability

CO 7:Aware about Provisions related to maintenance of Accounts, Generation of E-Way bills and Audit

Interactive Lectures, Discussion, Tutorials

 Reading assignments, Demonstration

Learning activities for the students

Self learning assignments, Application based questions

 

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

     

9.00
Unit I: 
CGST
  •  Basic Knowledge,
  • Important Definitions,
  • Legal, Framework of CGST,
  • Procedure for registration under CGST
9.00
Unit II: 
Supply:
  • Meaning
  • Nature
  • Concept
  • Scope and Types of Supply
  • Composition levy
  • Levy and Collection of Tax
  • Exemptions from GST
9.00
Unit III: 
Time of Supply, Value of Supply, Place of Supply ,Input Tax Credit
9.00
Unit IV: 
Reverse Charge Mechanism, Applicable rates of GST, Payment of Tax, Computation of GST liability
9.00
Unit V: 
Maintenance of Records , E-ways Bills and rules, Administration and Audit,
References: 
  • Basics of GST- Nitya Tax Associates (Taxmann’s Publications)
  • GST- A Practical Approach—  Vashistha Chaudhary, Ashu Dalmia, Shaifaly Girdharwal (Taxmann’s Publications)
  • Goods and Service Tax-Patel, Choudhary (Choudhary Prakashan)
  • Illustrated Guide to Goods and Services Tax- CA Rajat Mohan (Bharat Publications)
  • Biginner’s Guide to GST- Vandana Bangar, Yogendra Bangar (Aadhya Publications)

 

 

Academic Year: 
2020-2021
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