INDIRECT TAX II

Paper Code: 
BCP 514
Credits: 
04
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

Learning outcome (at course level)

Learning and teaching strategies

Assessment Strategies

  
 

CO 159:Analyze and interpret the provisions of GST including CGST and IGST and Describe the Assessment and Audit, Inspection Search, Seizure and Arrest

CO 160:Analyze and interpret the provisions of GST relating to Demand and Recovery, Offences and Penalties, Advance Ruling, Appeals and Revision, Other provisions

CO 161:Analyze and interpret the provisions of the customs laws and acquire the ability to such laws.

CO 162:Relate foreign trade policy to the extent relevant to indirect tax laws, and acquire the ability to analyze such concepts.

CO 163:Compute the duty and analyze the process of importation, exportation.

CO 164:Compute refunds, duty drawback and interpret miscellaneous provision

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

 

 

12.00
Unit I: 
  • Job work, Liability to pay in certain cases
  • Administration of GST; Assessment and Audit, Inspection
  • Search, Seizure and Arrest
12.00
Unit II: 
  • Demand and Recovery, Offences and Penalties, Advance Ruling, Appeals and Revision, Ethics under GST, Other provisions
  • Customs Law as contained in the Customs Act, 1962 and the Customs Tariff Act, 1975

Introduction to customs law including Constitutional aspects

            Levy of and exemptions from customs duties – All provisions including application of customs law,             taxable event, charge of customs duty,

 

12.00
Unit III: 
  • Exceptions to levy of customs duty, exemption from custom duty, Types of customs duties, Classification of imported and export goods
12.00
Unit IV: 
  • Valuation of imported and export goods, Import and Export Procedures including Special procedures relating to baggage, goods imported or exported by post, stores, Warehousing, Refund
12.00
Unit V: 

(i) Introduction to FTP – legislation governing FTP, salient features of an FTP, administration of FTP, contents of FTP and other related provisions

 (ii) Basic concepts relating to import and export (iii) Basic concepts relating to export promotion schemes provided under FTP

  • Foreign Trade Policy to the extent relevant to the indirect tax laws
Essential Readings: 

ESSENTIAL READINGS: 

  • Study Material Published by Institute of Chartered Accountants of India

 

 

SUGGESTED READINGS

  1. Indirect Tax Law & Practice- Yogendra Bangar (Aadhya Academy)
  2. Study Material Published by ICAI
  3. Scanner: Arun Kumar (Suchitra Prakashan P Ltd)

 

References: 

E-RESOURCES:

 

JOURNALS:

  • The Chartered Accountant Journal /ICAI Student Journal

 

Note- (1) The candidate shall be permitted to use battery operated pocket calculator that should not have more than 12 digits, 6 functions and 2 memories and should be noiseless and cordless

 

Academic Year: 
2023-2024
  • Printer-friendly version
  • PDF version