Practical Approach to Goods and Service Tax

Paper Code: 
ATG-422
Credits: 
6
Contact Hours: 
90.00
Max. Marks: 
100.00
Objective: 
  • Acquaint the students with the procedural compliances under GST
  • Have an overview of Customs Act (on points specified)

 

Course

Learning outcome (at course level)

Learning and teaching strategies

Assessment Strategies

Paper Code

Paper Title

ATG 422

Practical Approach to Goods and Services Tax

CO 97:  Learn and interpret the specified provisions of IGST Act

CO 98 : Recall the process of filing returns under GST

CO 99 : Interpret the provisions relating to Offences, Penalties and Punishments- Compounding of offences, Appeals and Revisions

CO 100 : Recognize the statutory compliances related to Advanced Ruling, Miscellaneous Provisions, Job Work Procedures and Anti Profiteering.Have an overview of Customs Act (on points specified) and compute Customs Duty

CO 101:  To emphasise the application of theoretical concepts of GST

CO 102:  To apply critical thinking and problem solving approach on various GST issues

 Interactive Lectures, Discussion, Tutorials

·        Reading assignments, Demonstration

·       Learning activities for the students

·       Self learning assignments, Application based questions

 

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

 

18.00
Unit I: 
Unit I

Integrated Goods and Service Tax Act
• Definition, levy and collection of Tax in IGST,
• Place of supply
• Zero Rated Supply in IGST,
• Administration, Refund and Apportionment of Tax and settlement of funds in IGST

18.00
Unit II: 
Unit II

• Filing of Tax Return
• Demand, Recovery and liability to pay
• Inspection, Search, Seizure and Arrest

18.00
Unit III: 
Unit III

• Offences, Penalties and Punishments- Compounding of offences
• Appeals and Revisions,

18.00
Unit IV: 
Unit IV

• Advance Ruling,
• Miscellaneous Provisions
• Job Work Procedure and Anti-Profiteering

18.00
Unit V: 
Unit V

Customs Act :An Overview of Customs Act
Levy and collection of customs duties; Types of Custom duties;
Tax Liability and valuation of Goods,
Computation of Customs duty,
Procedure for Import and Export

Essential Readings: 

1. Basics of GST- Nitya Tax Associates (Taxmann’s Publications)
2. GST- A Practical Approach—VashisthaChaudhary, AshuDalmia, ShaifalyGirdharwal(Taxmann’s Publications)
3. Illustrated Guide to Goods and Services Tax- CA Rajat Mohan (Bharat Publications)
4. Biginner’s Guide to GST- VandanaBangar, YogendraBangar (Aadhya Publications)
5. Goods and Service Tax-Patel, Choudhary (ChoudharyPrakashan)

Academic Year: 
2021-2022
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