INDIRECT TAX LAWS-II

Paper Code: 
BCP-615
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

Learning outcome (at course level)

Learning and teaching strategies

Assessment Strategies

CO 210: Analyze and interpret the provisions of GST including CGST and IGST and Describe the Assessment and Audit, Inspection Search, Seizure and Arrest

CO 211: Analyze and interpret the provisions of GST relating to Demand and Recovery, Offences and Penalties, Advance Ruling, Appeals and Revision, Other provisions

CO 212: Analyze and interpret the provisions of the customs laws and acquire the ability to such laws.

CO 213: Relate foreign trade policy to the extent relevant to indirect tax laws, and acquire the ability to analyze such concepts.

CO 214: Compute the duty and analyze the process of importation, exportation.

CO 215: 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

• 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:
• Administration of GST; Assessment and Audit, Inspection
• Search, Seizure and Arrest

12.00

• 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:
Demand and Recovery, Offences and Penalties, Advance Ruling, Appeals and Revision, Other provisions

12.00

• 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, exceptions to levy of customs duty, exemption from custom duty, Types of customs duties, Classification of imported and export goods

12.00

• Customs Law as contained in the Customs Act, 1962 and the Customs Tariff Act, 1975
• Valuation of imported and export goods, Import and Export Procedures including special procedures relating to baggage, goods imported or exported by post, stores
• Warehousing, Drawback; Refund, Other provisions

12.00

• Foreign Trade Policy to the extent relevant to the indirect tax laws
Introduction to FTP – legislation governing FTP, salient features of an FTP, administration of FTP, contents of FTP and other related provisions
• Basic concepts relating to import and export (iii) Basic concepts relating to export promotion schemes provided under FTP

Essential Readings: 

Study Material Published by Institute of Chartered Accountants of India

References: 

• Scanner-Arun Kumar (Suchitra Prakashan (P) Ltd)
• Bangar, Yogendra; Indirect Tax Law & Practice; (Aadhya Academy)
• Study Material Published by ICAI

Academic Year: 
2022-2023
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