Goods and Services Tax

Paper Code: 
ABF 501
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 as mentioned below.

Course

Learning outcome (at course level)

Learning and teaching strategies

Assessment Strategies

Paper Code

Paper Title

ABF  501

Goods and Services Tax

CO 180: Outline the Broad Framework of Indirect Taxes in India

 

CO 181: Classify the process of registration, amendment and cancellation of registration

 

CO 182: Assess different types of Supply and provisions regarding Composition Scheme under GST

 

CO 183: Measure Time, Value and Place of Supply as per GST Provisions

 

CO 184: Evaluate the concept of Input Tax Credit and Reverse Charge Mechanism

Compute GST liability

 

CO 185: Create awareness 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, Tax Refund, Administration, Tax Assessment and Audit

9.00
Unit V: 

Maintenance of Records and E-ways, Filing of Tax Return, Demand, Recovery and Liability to tax

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. Beginner’s Guide to GST- Vandana Bangar, Yogendra Bangar (Aadhya Publications)

Academic Year: 
2021-2022
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