This course will enable the students gain knowledge on practical applications of Goods and Services Tax
Course Outcomes (COs):
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Course |
Learning outcome (at course level) |
Learning and teaching strategies |
Assessment Strategies |
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Course Code |
Course Title |
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24DATG 611A |
Applications of Goods and Services Tax (Theory)
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CO217: Interpret the provisions of IGST Act and evaluate differences with the provisions in GST Act CO218: Analyze and apprise provisions pertaining to apportionment and settlement of funds under IGST and Tax Assessment. CO219: Attain a conceptual understanding about filing of Returns and Tax Refunds. CO220: Explain the provisions related to Demand, Recovery and liability to pay, Inspection, Search, Seizure and Arrest CO221: Analyze and infer the rules regarding Offences, Penalties, Punishments and Advance Ruling CO222: Contribute effectively in course-specific interaction |
Approach in teaching: Interactive Lectures, Discussions, Tutorials Problem solving sessions, Presentations.
Learning activities for the students: Self-learning assignments, Case Study Analysis, Presentations, Group Discussions.
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Continuous Assessment Test, Semester end Examinations, Quiz, Solving Numerical problems, Assignments, Class Presentations, Individual & group projects. |
● GST Act- Definition, Extent and Scope, Levy and collection of Tax in IGST, Power to grant Exemptions
● Determination of Nature of Supply (Chapter 4 of IGST Act)
● Place of supply of both Goods and Services in IGST (Chapter 5 of IGST Act)
● Provisions regarding Payment of Tax by a supplier of OIDAR Services
● Zero Rated Supply in IGST (Chapter 7 of IGST Act)
● Administration under IGST
● Refund of IGST to International Tourists
● Apportionment of Tax in IGST
● Settlement of Funds
● Tax Assessment- Procedure for Self-Assessment, Provisional Assessment
● Scrutiny of Returns
● Non-furnishing of Returns
● Assessment of Unregistered Persons
● Summary Assessment
● Filing of Tax Return
● Furnishing of details of outward and inward supply
● Rectification
● Monthly Returns by different RTPs
● Tax Refund
● Procedure for grant of Refunds
● Documentary evidences required
● Refunds for UNI Holders
● Interest on delayed refund
● Consumer Welfare Fund
● Demand, Recovery and liability to pay
● Inspection, Search, Seizure and Arrest
● Test Purchase
● Inspection of goods in transit
● Power to summon
● Appeals and Revisions
● Appeals to Appellate Authority, Appellate Tribunal, High Court and Supreme Court
● Offences, Penalties and Punishments
● Cognizance of offences,
● Presumption of culpable mental state
● Compounding of offences
● Advance Ruling
● Rectification, applicability and voidance of Advance Ruling
● Chaudhary, V., Dalmia, A., & Girdharwal, S. GST- A practical Approach. Taxmann's Publications.
● Patel, & Choudhary. Goods and Service Tax. Choudhary Prakashan.
● Shah, & Mangal. Goods and Services Tax. Ramesh Book Depot.
● Nitya Tax Associates, Basics of GST. Taxmann’s Publications
● Mohan, R. Illustrated Guide to Goods and Services Tax. Bharat Publications
● Bangar, V. & Bangar, Y. Beginner’s Guide to GST. Aadhya Publications
e-Resources
● 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 [5]
Reference Journals:
● Tax World
● The Chartered Accountant
● The Economist
● Business World
Links:
[1] https://accountingtaxation.iisuniv.ac.in/courses/subjects/applications-goods-and-services-tax
[2] https://cbic-gst.gov.in
[3] https://cleartax.in/s/gst-book-online-pdf
[4] http://www.idtc.icai.org/gst.html
[5] https://taxmantra.com/wp-content/uploads/2017/03/GST-Ebook.pdf
[6] https://accountingtaxation.iisuniv.ac.in/academic-year/2024-2025