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 |
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Paper Code |
Paper Title |
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BCS 315 |
Indirect Taxes
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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 |
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.
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.
Procedural Compliance under GST: Registration; Tax Invoice, Debit & Credit Note, Account and Record, Electronic way Bill; Return, Payment of Tax, Refund Procedures; Audit.
Basic overview on Integrated Goods and Service Tax (IGST), Union Territory Goods and Service tax (UTGST), and GST Compensation to States.
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.
1. Study Material Published by ICSI
2. Scanner-Arun Kumar(ShuchitaPrakashans(P) Ltd)