This course will enable the students develop a basic understanding of the specific provisions of Goods and Services Tax having practical relevance.
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Course outcome (at course level) |
Learning and teaching strategies |
Assessment Strategies |
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Course Code |
Course Title |
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24TPT132 |
Goods And Services Tax Act -I (Theory) |
CO7: Attain an understanding about the broad framework of Indirect Taxes in India and the process of registration, its cancellation and revocation under CGST. CO8: Classify types of supply and infer provisions pertaining to composition levy and various Exemptions under GST. CO9: Analyze Time and Value of supply CO10: Interpret the provisions related to Place of supply including Input Tax Credit CO11: Computation of GST Liability CO12: Contribute effectively in course-specific interaction
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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 |
Continuous Assessment Test, Semester End Examinations, Quiz, Solving Numerical Problems, Assignments, Class Presentations, Individual and group projects |
• Indirect taxes in India – An overview;
• Pre-GST tax structure and deficiencies; Existing tax structure.
• CGST- Basic Knowledge, Definitions
• Registration: Procedure for registration under GST
• Cancellation and revocation of Cancellation
• Inter State and Intra State Supply,
• Composite and Mixed Supply,
• Continuous Supply and Zero Rated Supply,
• Taxable and Non Taxable supplies,
• Composition levy, Levy and Collection of Tax
• Time of Supply
• Value of supply
• Place of Supply
• Input Tax Credit
• Computation of Tax Liability
Essential Readings:
1. Basics of GST- Nitya Tax Associates (Taxmann’s Publications)
2. GST- A Practical Approach— Vashistha Chaudhary, Ashu Dalmia, Shaifaly Girdharwal (Taxmann’s Publications)
3. Goods and Service Tax-Patel, Choudhary (Choudhary Prakashan)
Suggested Readings:
1. Illustrated Guide to Goods and Services Tax- CA Rajat Mohan (Bharat Publications)
2. Biginner’s Guide to GST- Vandana Bangar, Yogendra Bangar (Aadhya Publications)
E-Content:
1. https://selfservice.gstsystem.in [2]
2. https://gstcouncil.gov.in [3]
2. https://cbic-gst.gov.in [4]
3. https://cleartax.in/s/gst-book-online-pdf [5]
4. http://www.idtc.icai.org/gst.html [6]
5. https://taxmantra.com/wp-content/uploads/2017/03/GST-Ebook.pdf [7]
Links:
[1] https://accountingtaxation.iisuniv.ac.in/courses/subjects/goods-and-services-tax-act-i-3
[2] https://selfservice.gstsystem.in
[3] https://gstcouncil.gov.in
[4] https://cbic-gst.gov.in
[5] https://cleartax.in/s/gst-book-online-pdf
[6] http://www.idtc.icai.org/gst.html
[7] https://taxmantra.com/wp-content/uploads/2017/03/GST-Ebook.pdf
[8] https://accountingtaxation.iisuniv.ac.in/academic-year/2024-2025