Indirect taxes

Paper Code: 
BCS 315
Credits: 
03
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

Course Objectives: To acquire knowledge and understanding of the concepts, techniques and practices of Indirect Tax and to develop skills for decision making. 

Course Outcomes (COs):

Course

Learning outcomes

(at course level)

Learning and teaching strategies

Assessment

Strategies

Paper Code

Paper Title

BCS 315

Indirect Taxes

 

CO 97:Breaking Down the ability to analyze and interpret the provisions of the goods and services tax law and recommend solutions to practical problems.

CO 98:Reviewing the concept of supply, Input Tax Credit, Payment ,refund, Invoice, notes and Electronic way bill

CO 99:Basic Overview on IGST, UTGST and GST Compensation to States Act

CO 100: Integrating of the customs laws and acquire the ability to analyze and interpret the provisions of such laws

CO 101:To analyse the calculation and collection of types of custom duties.

CO 102:Assessing the background and the powers of taxation as per the constitution.

Approach in teaching:

Interactive Lectures, Discussion, Tutorials, Reading assignments, Demonstration,

Learning activities for the students:

Self learning assignments, Effective questions,  presentation, Giving tasks,

Class test, Semester end examinations, Quiz, Solving problems in tutorials, Assignments, Presentation, Individual and group projects

 

9.00
Unit I: 
Concept of Indirect Taxes at a glance

Concept of Indirect Taxes at a glance :Background; Constitutional powers of taxation; Indirect taxes in India – An overview; Pre-GST tax structure and deficiencies; Administration of Indirect Taxation in India; Existing tax structure.

Basics of Goods and Services Tax ‘GST’: Basics concept and overview of GST; Constitutional Framework of GST; GST Model – CGST / IGST / SGST / UTGST; Taxable Event; Concept of supply including composite and mixed supply; Levy and collection of CGST and IGST; Composition scheme & Reverse Charge; Exemptions under GST.

 

9.00
Unit II: 
Concept of Time, Value & Place of Taxable Supply

Concept of Time, Value & Place of Taxable Supply: Basic concepts of Time and Value of Taxable Supply; Basics concept of Place of Taxable Supply.

Input Tax Credit & Computation of GST Liability- Overview.

 

9.00
Unit III: 
Procedural Compliance under GST

Procedural Compliance under GST: Registration; Tax Invoice, Debit & Credit Note, Account and Record, Electronic way Bill; Return, Payment of Tax, Refund Procedures; Audit.

 

9.00
Unit IV: 
Basic overview on Integrated Goods and Service Tax (IGST)

Basic overview on Integrated Goods and Service Tax (IGST), Union Territory Goods and Service tax (UTGST), and GST Compensation to States.

9.00
Unit V: 
Overview of Customs Act

Overview of Customs Law; Levy and collection of customs duties; Types of Custom duties;Classification and valuation of import and export goods; Exemption; Officers of customs; Administration of Customs Law; Import and Export Procedures; Transportation, and Warehousing; Duty Drawback; Demand and Recovery; Confiscation of Goods and Conveyances; Refund.

 

References: 

1.  Study Material Published by ICSI

2. Scanner-Arun Kumar(ShuchitaPrakashans(P) Ltd)

 

Academic Year: 
2021-2022
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