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INDIRECT TAX-I
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; CO 125:Ability to analyze and interpret the provisions of the goods and services tax law and recommend solutions to practical problems. CO 126:Correlating the concept of supply, Input Tax Credit, Payment ,refund, Invoice, notes and Electronic way bill CO 127:Basic Overview on IGST, UTGST and GST Compensation to States Act CO 128: Analyzing of the customs laws and acquire the ability to analyze and interpret the provisions of such laws. CO 129:Basic overview of input tax credit .Getting an overview of various schemes and compositions under GST. CO 130 : Getting an overview of various schemes and compositions under GST.
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Class lectures Seminars Tutorials Group discussions and Workshops Question preparation |
Class test, Semester end examinations, Quiz, Solving problems in tutorials, Assignments, Presentation, Individual and group projects |
Introduction; Constitutional Aspects & Administration; GST models; Levy and collection of CGST and IGST; Composition scheme & Reverse Charge, Exemptions.
Supply :Meaning& scope, types of supply (composite/mixed inter/ intra);
Supply: Time, Place and Value of Taxable Supply; Import and Export of Goods or Services under GST, Classification of Goods and Services; Job work provisions, agency contracts, e-commerce & TCS.
Input Tax Credit & Computation of GST Liability: Input tax credit; Computation of GST liability
Procedural Compliance under GST: Registration; Tax Invoice, Debit & Credit Note, Account and Record, Electronic way Bill, Payment of Tax, TDS, Returns & Refund, Valuation, Audit & Scrutiny; Assessment.
Assessment, Audit, Scrutiny, Demand and Recovery
Advance Ruling, Appeals and Revision
Inspection, search, seizure, offences &penalties.
GST practitioners, authorized representative, professional opportunities
Industry/ Sector specific analysis
Integrated Goods and Services Tax (IGST) :
Introduction, Need for IGST ,Nature of Supply , Place of Supply , Refund of Integrated Tax to International Tourist, Zero Rated Supply.
Union Territory Goods and Services Tax (UTGST) :
Introduction, Fundamental difference between States and Union Territory One Nation One Tax Article, Illustrations on levy of tax.
GST Compensation to States:
Introduction ,Levy and Collection of Cess , Returns, Payments and Refunds , Input Tax Credit of Cess Paid , Compensation Cess on Goods Exported, Establishment of GST Compensation Fund, Provisions regarding Compensation Payable to States.
ESSENTIAL READINGS:
· Study Material Published by ICSI
SUGGESTED READINGS:
· Scanner-Arun Kumar(ShuchitaPrakashans(P) Ltd)
