Description

Indirect Taxes – I (GST)

 

TYBAF Semester V

 

Syllabus

 

1. Introduction to Indirect Taxation and GST
Basics for Taxation : Direct Taxes and Indirect Taxes – Features of Indirect Taxes, Difference, Advantages and Disadvantages, Sources and Authority of Taxes in India (Art 246 of the Indian Constitution)
Introduction to GST : Genesis of GST in India, Power to tax GST (Constitutional Provisions), Meaning and Definition of GST, Benefits of GST, Conceptual Framework – CGST, IGST, SGST, UTGST, Imports of Goods or Services or both, Export of Goods or Services or both, Taxes subsumed and not subsumed under GST
Definitions
Section 2(13) Audit
Section 2(17) Business
Section 2(31) Consideration
Section 2(45) Electronic Commerce Operator
Section 2(52) Goods
Section 2(56) India
Section 2(78) Non Taxable Supply
Section 2(84) Person
Section 2(90) Principal Supply
Section 2(93) Recipient
Section 2(98) Reverse Charge
Section 2(102) Services
Section 2(105) Supplier
Section 2(107) Taxable Person
Section 2(108) Taxable Supply
Extent and Commencement of CGST Act / SGST Act / UTGST Act / IGST Act
Goods and Services Tax Council (GST Council)
Goods and Services Tax Network (GSTN)

2. Levy and Collection of Tax
Charge of GST, Levy and Collection GST, Composite and Mixed Supplies under GST, Power to Grant Exemption, Negative List of GST, GST Rate Schedule for Goods and Services

3. Concept of Supply
Concept of Supply (Section 7 of CGST Act)
Taxable Event under GST
Place of Supply
Time of Supply
Value of Supply
(Rules for Valuation of Supply of Goods and Services)

4. Documentation
Tax Invoices, Credit and Debit Notes

5. Input Tax Credit and Computation of GST
Eligibility and Conditions For Taking Input Tax Credit
Apportionment of Credit and Blocked Credits
Credit in Special Circumstances
Computation of GST under Inter State Supplies and Intra State Supplies

5. Registration Under GST Law
Registration – Persons liable for Registration, Persons not liable for Registration, Procedure For Registration, Deemed Registration, Amendment, Cancellation and Revocation of Cancellation of Registration

Note : Relevant Law / Statute / Rules in force and relevant Standards in force on 1st April immediately preceding commencement of Academic Year is applicable for ensuing examination.