PRACTICAL

Paper Code: 
25TPT333
Credits: 
02
Contact Hours: 
30.00
Max. Marks: 
100.00
Objective: 

This will enable the students to gain practical knowledge about significance of IGST, custom Act, and latest Finance Act.

 

Course Outcomes: 

 

Course outcome

(at course level)

Learning and teaching strategies

Assessment Strategies

Course Code

Course

Title

25TPT333

 

Practical

 

CO49: Determine the Place of Supply Under IGST and express the significance of Compliance Rating

CO50: Gain knowledge regarding the assessment process under Customs Act

CO51: Outline the process of clearance of Goods

CO52:  Analyze the investment options to reduce tax liability

CO53: Infer broad outline of the latest Finance Act with reference to an Individual

CO54: Contribute 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.

 

 

6.00
Unit I: 
Place of Supply and Compliance Rating

 

·Practical problems relating to determination of place of supply under IGST

·Compliance Rating under GST

 

 

6.00
Unit II: 
Customs Act

 

·Practical problems relating to the Assessment process under Customs Act

 

 

6.00
Unit III: 
Clearance of Goods

 

·Procedural compliance regarding clearance of Goods imported and exported

 

 

6.00
Unit IV: 
Tax Planning:

 

  • Case studies on tax planning related to Investments.
  • Tax incentives for industrial development and Tax holidays

 

 

6.00
Unit V: 
Finance Act
  • Detailed study of the latest Finance Act

               (Provisions related to Individual Assessee)

Essential Readings: 
  1. Illustrated Guide to Goods and Services Tax- CA Rajat Mohan (Bharat Publications)
  2. Biginner’s Guide to GST- Vandana Bangar, Yogendra Bangar (Aadhya Publications)
  3. Income Tax- Agarwal, Jain, Sharma, Shah, Mangal (Ramesh Book Depot)
  4. Income Tax-Patel, Chaudhary, Sharma, Modi, Bardia

 

References: 

 

  1. Professional Approach to Direct Taxes- Girish Ahuja& Ravi Gupta (Bharat Law House Pvt Ltd, New Delhi
  2. Direct Tax Laws- T.N Manoharan, Snowwhite Publications (P) Ltd
  3. Direct Tax Law and Practice- V.K Singhania  (Taxmann Publication, New Delhi)
  4. Basics of GST- Nitya Tax Associates (Taxmann’s Publications)
  5. GST- A Practical Approach—  Vashistha Chaudhary, Ashu Dalmia, Shaifaly Girdharwal (Taxmann’s Publications)

 

Academic Year: 
2025-2026
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