Practical Approach to Goods and Services Tax

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

 The objective of this course is to -

  • Acquaint the students with the procedural compliances under GST
  • Have an overview of Customs Act (on points specified)

Course Outcomes (COs):

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

CO81:Learn and interpret the specified provisions of IGST Act

CO82: Recall the process of filing returns under GST

CO83:Interpret the provisions relating to Offences, Penalties and Punishments- Compounding of offences, Appeals and Revisions

CO84: 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

 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: 
.

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: 
.

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

18.00
Unit III: 
.

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

18.00
Unit IV: 
.

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

18.00
Unit V: 
.

Customs Act: An Overview of the 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: 
2020-2021
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