Course

Unit 1

Impact of GST on society, Time of Supply – Goods and Services, Questions on computing Time of Supply.

Unit 2

Value of Supply – Valuation Rules, Simple Questions on computation of Value of supply.

Unit 3

Input tax credit – Eligibility – conditions, Utilisation of Input credit, Input credit availment, matching, Reversal and Reclaim.

Unit 4

Tax Invoice, Credit and Debit Notes, Registration under GST – Compulsory, Voluntary, Exemption from Registration.

Unit 5

Payment of tax – Interest – Penalty – Electronic credit ledger – Returns to be filed under GST- Due dates – Return Forms – Late fee – Contents of Various Returns.

Course Objective:

To develop an understanding of GST and to acquire the ability to apply such knowledge to make computations and address application-oriented issues.

Course Outcomes:

The students will be able to:

CO1: Describe the transaction types which are related to GST

CO2: Know what are the various types of input tax credits

CO3: Indicate GST application, differentiation of application, and GST compliance and attendance

CO4: Relate transaction amounts to GST liability.

CO5: Filling of return in GST

Textbooks:

1. C. Mehrota – Indirect Taxes Law and Practice Sahitya Bhawan Publications
2. S. Datey – Elements of Indirect Taxes – Taxmann’s

References:

1. S. Datey – Indirect Taxes Law and Practice – Taxmann
2. Girish Ahiya, Ravi Gupta – Systematic Approach to Income Tax and CST – Bharat Law House
3. Sanjeev Kumar – Systematic Approach to Indirect Taxes with Practical Problems and Solutions –

Bharat Law House

4. S. Reddy – Y. Hari Prasad Reddy – Indirect Taxes – Margham Publishers.