INDIRECT TAX LAWS-I

Paper Code: 
BCP-515
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

Learning outcome (at course level)

Learning and teaching strategies

Assessment Strategies

CO 178:Analyze and interpret the provisions of the goods and services tax law and recommend solutions to practical problems.

CO 179: Compute the GST liability of registered person

CO 180:Analyze the provisions relating to reverse charge, exemptions, composition and place.

CO 181:Compute Time and Value of supply required for assessment of liability

CO 182:Develop an understanding of Input tax credit, registration, tax invoice, credit and debit notes, electronic way bill, accounts and records

CO 183: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

 

12.00
Unit I: 
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

• 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: 
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

• Charge of tax including reverse charge; Exemption from tax; Composition levy, Place of supply

12.00
Unit III: 
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

• Time and Value of supply, Input tax credit, Computation of GST liability

12.00
Unit IV: 
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

• Procedures under GST including registration, tax invoice, credit and debit notes, electronic way bill, accounts and records

12.00
Unit V: 
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

• 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

Essential Readings: 

Study Material Published by Institute of Chartered Accountants of India

References: 

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

Academic Year: 
2022-2023
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