PRACTICAL APPROACH TO GOODS AND SERVICES TAX

Paper Code: 
25ATG422
Credits: 
06
Contact Hours: 
90.00
Max. Marks: 
100.00
Objective: 

This course will enable the students get acquaintance with the procedural compliances under GST and have an overview of Customs Act (on points specified)

Course Outcomes: 

Course

Course Outcomes

Learning and teaching strategies

Assessment Strategies

Course Code

Course Title

25ATG422

Practical Approach to Goods and Services Tax

(Theory)

CO97: Interpret the provisions of IGST Act pertaining to Place of supply, Zero Rated Supply, Administration, Runds, Apportionment of tax and settlement of funds

CO98:   Attain a conceptual understanding about filing of Returns, Demand, Recovery and liability to pay and Inspection, Search, Seizure and Arrest

CO99: Interpret the provisions relating to Offences, Penalties and Punishments- Compounding of offences, Appeals and Revisions

CO100: Explain the statutory compliances related to Advanced Ruling, Miscellaneous Provisions, Job Work Procedures and Anti Profiteering.

CO101: Develop an overview of the levy and collection of customs duty, types of customs duty including procedure for import and export.Computation of Basic Customs Duty.

CO102: Contribute effectively in course-specific interaction

Approach in Teaching: Interactive Lectures, Discussion, Tutorials, Problem Solving Sessions & Presentations

 

Learning activities for the students: Self-learning assignments, Case Study Analysis, Class Presentations (Individual & Group)

 

Continuous Assessment Test, Semester End Examinations, Quiz, Solving Numerical Problems, Assignments,

Individual & Group Projects

 

18.00
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: 
Tax Returns, Demand, Recovery and Inspection, Search, Seizure

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

18.00
Unit III: 
Offences, Penalties, Appeals and Revisions

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

18.00
Unit IV: 
Advance Ruling and Job Work procedure

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

18.00
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 OfGst- Nitya Tax Associates (Taxmann’s Publications)
2. Gst- A Practical Approach—Vashisthachaudhary, Ashudalmia, Shaifalygirdharwal(Taxmann’s Publications)

References: 

Suggested Readings :
1. Illustrated Guide To Goods And Services Tax- Ca Rajat Mohan (Bharat Publications)
2. Biginner’s Guide ToGst- VandanaBangar, YogendraBangar (Aadhya Publications)
3. Customs Act - - VandanaBangar, YogendraBangar (Aadhya Publications)
4. Goods And Service Tax-Patel, Choudhary (Choudharyprakashan)

e-Resources:
1. https://cbic-gst.gov.in
2. https://cleartax.in/s/gst-book-online-pdf
3. http://www.idtc.icai.org/gst.html
4. https://taxmantra.com/wp-content/uploads/2017/03/GST-Ebook.pdf
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: 
2025-2026
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