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Indirect Tax Laws - II [1]

Paper Code: 
25BCP514
Credits: 
04
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

To acquire the ability to analyse and interpret the provisions of Indirect tax laws and recommend optimal solutions  to practical problems in a tax efficient manner and to develop an understanding of the customs laws and foreign trade policy and acquire the ability to analyse and interpret the provisions of such laws/concepts.

Course Outcomes: 

Course

Learning outcome

(at course level)

Learning and teaching strategies

Assessment Strategies

Course Code

Course

Title

25BCP514

Indirect Tax Laws –II (Theory)

 

CO 169 Analyze and interpret the provisions of GST including CGST and IGST, Assessment and Audit, Inspection Search, Seizure and Arrest.

CO 170 Interpret the provisions of GST relating to Demand and Recovery, Offences and Penalties, Advance Ruling, Appeals and Revision, Other provisions.

CO 171 Examine the provisions of the customs laws relating to concept, types, exceptions and exemptions.

CO 172 Compute the duty, refunds, duty drawback and analyze the process of importation, exportation.

CO 173 Relate foreign trade policy to the extent relevant to indirect tax laws, and acquire the ability to analyze such concepts.

CO 174 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

 

Continuous Assessment Test, Semester End Examinations, Quiz, Solving Numerical Problems, Assignments, Class Presentations, Individual and group projects.

 

12.00
Unit I: 
Procedures under GST - I

·         Job work, Liability to pay in certain cases

·         Administration of GST; Assessment and Audit, Inspection, Search, Seizure and Arrest 

12.00
Unit II: 
Procedures under GST - II

·         Demand and Recovery, Offences and Penalties, Advance Ruling, Appeals and Revision, Ethics under GST, Other provisions

·         Customs Law as contained in the Customs Act, 1962 and the Customs Tariff Act, 1975: Introduction to customs law including Constitutional aspects, Levy of and exemptions from customs duties – All provisions including application of customs law, taxable event, charge of customs duty

12.00
Unit III: 
Customs I

·         Exceptions to levy of customs duty, exemption from custom duty, Types of customs duties, Classification of imported and export goods

12.00
Unit IV: 
Customs II

·         Valuation of imported and export goods, Import and Export Procedures including Special procedures relating to baggage, goods imported or exported by post, stores, Warehousing, Refund

12.00
Unit V: 
Foreign Trade Policy

·         Foreign Trade Policy to the extent relevant to the indirect tax laws

·         Introduction to FTP – legislation governing FTP, salient features of an FTP, administration of FTP, contents of FTP and other related provisions

·         Basic concepts relating to import and export

·         Basic concepts relating to export promotion schemes provided under FTP

Essential Readings: 

·         Study Material Published by Institute of Chartered Accountants of India

SUGGESTED READINGS:

·         Scanner-Arun Kumar (Suchitra Prakashan (P) Ltd)

·         Yogendra Bangar; Indirect Tax Law & Practice; (Aadhya Academy)

·         Customs Law & Procedure- SP Bhatnagar (Centex Publications New Delhi)

·         Systematic Approach to Indirect Taxes-Dr Sanjeev Kumar (Bharat Law House New Delhi)

References: 

E-RESOURCES:

·         https://www.icai.org/post/final-nset [2]

JOURNALS:

·         The Chartered Accountant Journal /ICAI Student Journal

Academic Year: 
2025-2026 [3]

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-laws-ii-17

Links:
[1] https://accountingtaxation.iisuniv.ac.in/courses/subjects/indirect-tax-laws-ii-17
[2] https://www.icai.org/post/final-nset
[3] https://accountingtaxation.iisuniv.ac.in/academic-year/2025-2026