PRACTICAL APPROACH TO GOODS AND SERVICES TAX

Paper Code: 
ATG 422
Credits: 
6
Contact Hours: 
90.00
Max. Marks: 
100.00
Objective: 

Learning outcome (at course level)

Learning and teaching strategies

Assessment Strategies

  
 

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: 
  • Basics of GST- Nitya Tax Associates (Taxmann’s Publications)
  • GST- A Practical Approach—VashisthaChaudhary, AshuDalmia, ShaifalyGirdharwal(Taxmann’s Publications)

 

References: 

SUGGESTED READINGS :

  • Illustrated Guide to Goods and Services Tax- CA Rajat Mohan (Bharat Publications)
  • Biginner’s Guide to GST- Vandana Bangar, Yogendra Bangar (Aadhya Publications)
  • Customs Act - - Vandana Bangar, Yogendra Bangar (Aadhya Publications)
  • Goods and Service Tax-Patel, Choudhary (ChoudharyPrakashan)

e-RESOURCES:

JOURNALS AND PERIODICALS

  • Tax World
  • The Chartered Accountant
  • The Economist

Business World

Note- The candidate shall be permitted to use battery operated pocket calculator that should not have more than 12 digits, 6 functions and 2 memories and should be noiseless and cordless

 

Academic Year: 
2022-2023
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