Learning outcome (at course level) |
Learning and teaching strategies |
Assessment Strategies |
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CO 67: Interpret the concept of Indirect Taxes in India, pre-GST Period and post GST-Period CO 68: Comprehend the Registration Process, cancellation and revocation under GST CO 69: Describe the concept of Supply and also determine the time, value and place of supply, Know the concept ITC and RCM CO 70: Assess the Basic Customs Duty and outline the procedure for payment of tax. Interpret the basic provisions regarding tax assessment, tax refund, Administration and Audit, maintenance of records and E-Way bills CO 71: To Understand the implications of GST on the taxable capacity of consumers, dealers and of the society at large audits changes CO 72: To comprehend the principles of taxations, objectives of taxes and its impact, shifting and incidence process of indirect taxes in the economy. |
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Class test, Quiz, Solving problems in tutorials, Assignments, Presentation, Individual and group projects Semester end examinations |
Concept of Indirect Taxes at a glance :Background; constitutional powers of taxation;
Identification of Nature of Supply-
• Applicable rates of GST • Payment of Tax-Electronic Cash Ledger, Electronic Credit Ledger, Electronic Liability Register, Interest on Delayed Payment, TDS, TCS • Computation of GST Liability • Tax Assessment- Assessment by Tax Payers, Assessment by Tax Authorities
1. Basics of GST- Nitya Tax Associates (Taxmann’s Publications)
2. GST- A Practical Approach—Vashistha Chaudhary, Ashu Dalmia, Shaifaly Girdharwal (Taxmann’s Publications)
SUGGESTED READINGS
e-RESOURCES:
JOURNAL & PERIODICALS
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.