INDIRECT TAX -I

Paper Code: 
BCP 413
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

Course Outcomes (COs):

Learning outcome (at course level)

Learning and teaching strategies

Assessment Strategies

  
 

CO 122:Analyze and interpret the provisions of the goods and services tax law and recommend solutions to practical problems.

CO 123: Compute the GST liability of registered person

CO 124:Analyze the provisions relating to reverse charge, exemptions, composition and place.

CO 125:Compute Time and Value of supply required for assessment of liability

CO 126:Develop an understanding of Input tax credit, registration, tax invoice, credit and debit notes, electronic way bill, accounts and records

CO 127:Summarize the Procedures under GST including returns, payment of tax including tax deduction at source and tax collection at source, refund, job work Liability to pay in certain cases

Interactive Lectures, Discussion, Tutorials, Reading assignments. Self-learning assignments, Effective questions, Seminar presentation,

 

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

  

 

Goods and Services Tax (GST) Law as contained in the Central Goods and Services Tax (CGST) Act, 2017 and Integrated Goods and Services Tax (IGST) Act, 2017 including

 

12.00
Unit I: 
  • Introduction to GST in India including Constitutional aspects
  • Levy and collection of CGST and IGST – Application of CGST/IGST law; Concept of supply including composite and mixed supplies, inter-State supply, intra-State supply, supplies in territorial waters;
12.00
Unit II: 
  • Charge of tax including reverse charge; Exemption from tax; Composition levy, Place of supply
12.00
Unit III: 
  • Time and Value of supply, Input tax credit, Computation of GST liability
12.00
Unit IV: 
  • Procedures under GST including registration, tax invoice, credit and debit notes, electronic way bill, accounts and records
12.00
Unit V: 
  • Procedures under GST including returns, payment of tax, Refunds and case studies based on refund provisions
Essential Readings: 

ESSENTIAL READINGS: 

  • Study Material Published by Institute of Chartered Accountants of India

 

SUGGESTED READINGS:

  • Scanner-Arun Kumar (Suchitra Prakashan (P) Ltd)
  • Yogendra Bangar; Indirect Tax Law & Practice; (Aadhya Academy)

 

 

References: 

E-RESOURCES:

 

JOURNALS:

  • The Chartered Accountant Journal /ICAI Student Journal

 

Academic Year: 
2023-2024
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