Indirect Tax Laws - II

Paper Code: 
24BCP514
Credits: 
04
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

To acquire the ability to analyse and interpret the provisions of Indirect tax laws and recommend optimal solutions  to practical problems in a tax efficient manner and to develop an understanding of the customs laws and foreign trade policy and acquire the ability to analyse and interpret the provisions of such laws/concepts.

 

Course Outcomes: 

Course

Learning outcome

(at course level)

Learning and teaching strategies

Assessment Strategies

Course Code

Course

Title

24BCP514

Indirect Tax Laws –II (Theory)

 

CO 1Analyze and interpret the provisions of GST including CGST and IGST, Assessment and Audit, Inspection Search, Seizure and Arrest.

CO 2Interpret the provisions of GST relating to Demand and Recovery, Offences and Penalties, Advance Ruling, Appeals and Revision, Other provisions.

CO 3Examine the provisions of the customs laws relating to concept, types, exceptions and exemptions.

CO 4Compute the duty, refunds, duty drawback and analyze the process of importation, exportation.

CO 5Relate foreign trade policy to the extent relevant to indirect tax laws, and acquire the ability to analyze such concepts.

CO 6Contribute effectively in course specific interaction.

Approach in teaching:

Interactive Lectures, Discussions, Tutorials, Problem solving sessions, Presentations

 

Learning activities for the students:
Self-learning assignments, Case Study Analysis, Presentations, Group Discussions

 

Continuous Assessment Test, Semester End Examinations, Quiz, Solving Numerical Problems, Assignments, Class Presentations, Individual and group projects.

 

12.00
Unit I: 
Procedures under GST - I
  • Job work, Liability to pay in certain cases
  • Administration of GST; Assessment and Audit, Inspection, Search, Seizure and Arrest

 

12.00
Unit II: 
Procedures under GST - 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: 
Customs I
  • Exceptions to levy of customs duty, exemption from custom duty, Types of customs duties, Classification of imported and export goods

 

12.00
Unit IV: 
Customs II
  • 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: 
Foreign Trade Policy
  • 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
  • Basic concepts relating to export promotion schemes provided under FTP

 

Essential Readings: 

Study Material Published by Institute of Chartered Accountants of India

References: 

SUGGESTED READINGS:

  • Scanner-Arun Kumar (Suchitra Prakashan (P) Ltd)
  • Yogendra Bangar; Indirect Tax Law & Practice; (Aadhya Academy)
  • Customs Law & Procedure- SP Bhatnagar (Centex Publications New Delhi)
  • Systematic Approach to Indirect Taxes-Dr Sanjeev Kumar (Bharat Law House New Delhi)

 

E-RESOURCES:

 

JOURNALS:

  • The Chartered Accountant Journal /ICAI Student Journal

 

 

Academic Year: 
2024-2025
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