Unit 1

History of GST – Features and Advantages – Comparison between GST and VAT – Taxes subsumed under GST – Charge of GST – Supply under GST.

Unit 2

Place of Supply – Time of Supply – Value of Supply – Exemptions under GST – Input Tax Credit under GST.

Unit 3

Registration under GST – Tax invoice, Debit Note, Credit Note – Accounts and Records under GST – Payment of tax – Returns under GST.

Unit 4

Assessment and Audit – Demand and Recovery – Appeals and Revisions – Advance ruling.

Unit 5

Introduction to Customs Law – Need, Levy and Exemptions, Status after introduction of GST, Types of Duty, Valuation under Customs Act, Provisions relating to Warehousing and Duty Drawback, Demand and Recovery, Provisions relating to powers of customs officers, Appeals and Revision, Settlement Commission, Advance Rulings, Introduction to Foreign Trade Policy.

Course Objective:
To familiarize the students with the concepts of GST in India and enable to be conversant with the main Provisions of the Customs Law and Procedure.

Reference Books:

1. Dr. H. C. Mehrotra, Dr. S. P. Goyal – Income Tax Law and Practice – Sahitya Bhawan Publications
2. Vinod K. Singhania – Students Guide to Income Tax – Taxmann
3. T. N. Manoharan – Income Tax, VAT and Service Tax Snow White Publication
4. Madhukar N. Hiregange, Rajesh Kumar T. R., Sudhir V. S. – Practical Guide to Service Tax – Bharath Law House