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Indirect Tax-II [1]

Paper Code: 
BCS 513
Credits: 
3
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

To acquire knowledge on practical application of indirect taxes.

CO 1:     Ability to analyze and interpret the provisions of the goods and services tax law and recommend solutions to practical problems.

CO 2:     Correlating the concept of supply, Input Tax Credit, Payment ,refund, Invoice, notes and Electronic way bill

CO 3:     Basic Overview on IGST, UTGST and GST Compensation to States Act

      CO 4 Analyzing of the customs laws and acquire the ability to analyze and interpret the provisions of such laws

9.00
Unit I: 
UNIT I

Basic Concepts of Customs Law :

Introduction; Levy and collection of customs duties; Taxable Events; Custom duties.

Valuation & Classification  of Imported and Export Goods & Procedural Aspects:  Classification and Valuation of Import and Export Goods;

 

9.00
Unit II: 
UNIT II

Assessment  of Imported and Export Goods & Procedural Aspects: Assessment; Abatement and Remission of Duty; Exemptions; Refund and recovery.

Arrival or Departure and Clearance of Goods, Warehousing, Duty Drawback, Baggage and Miscellaneous Provisions :

Arrival and departure of goods; Clearance of Import and Export Goods & Goods in Transit; Transportation and Warehousing provisions

 

9.00
Unit III: 
UNIT III

Duty Drawback, Baggage and Miscellaneous Provisions: Duty Drawback provisions, Baggage Rules & provision related to prohibited goods, notified goods, specified goods, illegal importation / exportation of goods

9.00
Unit IV: 
UNIT IV

Advance Ruling, Settlement Commission, Appellate Procedure, Offences and Penalties :

Advance Ruling; Appeal and Revision; Offences and Penalties; Prosecution; Settlement of Cases.

 

9.00
Unit V: 
UNIT V

Foreign Trade Policy (FTP):

Export promotion scheme under FTP; Salient features, administration & Other miscellaneous provisions.

 

References: 
  • Study Material Published by ICSI
  • Scanner-Arun Kumar(ShuchitaPrakashans(P) Ltd)

 

Academic Year: 
2021-2022 [2]

Follow Accounting and Taxation on:

IIS (Deemed to be University)

Gurukul Marg, SFS, Mansarovar, Jaipur 302020, (Raj.) India Phone:- +91-141-2400160-61, 2397906-07, Fax: 2395494, 2781158

Source URL: https://accountingtaxation.iisuniv.ac.in/courses/subjects/indirect-tax-ii-0

Links:
[1] https://accountingtaxation.iisuniv.ac.in/courses/subjects/indirect-tax-ii-0
[2] https://accountingtaxation.iisuniv.ac.in/academic-year/2021-2022