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Indirect Tax [1]

Paper Code: 
25BCS312
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

This course will enable the students to gain understanding and conceptual knowledge of Indirect Tax Laws with practical application of Indirect Tax.

 

Course Outcomes: 

 
   
   
   

 

12.00
Unit I: 
Demystifying India’s Taxation Framework:IDT and GST

Concept of Indirect Taxes at a glance:

  • Background; Constitutional powers of taxation;
  • Indirect taxes in India – An overview; Pre-GST tax structure and deficiencies;
  • Administration of Indirect Taxation in India.

Basics of Goods and Services Tax ‘GST’:

  • Basic concepts and Overview of GST, GST Model – CGST / IGST / SGST / UTGST, GST
  • Compensation to States.

Levy and Collection of GST:

  • Taxable Event, Concept of Supply including Composite and Mixed supply,
  • Levy  and Collection of CGST and IGST

 

12.00
Unit II: 
Navigating the Dynamics of GST : Exemptions, Schemes and Time of supply

Levy and Collection of GST:

  • Exemptions under GST, Composition Scheme,
  • Forward Charge Mechanism, Reverse Charge Mechanism.

Time of Supply:

  • Concepts of Time of Supply,
  • Taxable Event, Invoice issuance, Payment Receipt,

 

12.00
Unit III: 
Mastering GST Compliance : Value & Place of Supply to Procedural essentials

Value & Place of Supply:

  • Concepts of Value of Supply and Place of Supply.

Procedural Compliance under GST:

  • Registration, Tax Invoices, Debit & Credit Notes,
  • Accounts and Records,
  • Electronic Way Bill.

 

12.00
Unit IV: 
GST Compliance : Returna to Tax Input Credit management

Procedural Compliance under GST:

  • ·       Returns, Payment of Tax, Refund Procedures,
  • ·       GST Practitioners, Assessment, Demand and Recovery,
  • ·       QRMP Scheme.

Input Tax Credit & Computation of GST Liability:

  • ·       Overview, Eligibility and Conditions for taking Input Tax Credit,
  • ·       Transitional Provisions in ITC, Ineligible Credits,
  • Input Service Distributor, Order of Utilisation of Input Tax Credit
12.00
Unit V: 
Overview of Customs Act

  • ·Overview of Customs Law,

  • ·Levy and collection of Customs Duties,

  • ·Types of Custom Duties Classification and valuation of import and export goods,

  • ·Exemption, Baggage, Officers of Customs, Administration of Customs Law,

  • ·Import and Export Procedures, Transportation, Warehousing,

 

Essential Readings: 
  • Study Material Published by ICSI

 

References: 

Suggested Readings:

  • GST Ready Reckoner by CA Ashok Batra
  • Indirect Taxation by Sultan Chand & Sons
  • Indirect Tax Reform in India by Yashwant Sinha
  • K.S. Naveen Kumar & Annapurna Kabra’s

E- Content:

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

 

 

Academic Year: 
2025-2026 [4]

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-2

Links:
[1] https://accountingtaxation.iisuniv.ac.in/courses/subjects/indirect-tax-2
[2] http://www.icsi.edu/student-n/new-syllabus-2022/studymaterial2023/executive-program/
[3] http://www.icsi.edu/e-journals/
[4] https://accountingtaxation.iisuniv.ac.in/academic-year/2025-2026