Goods and Service Tax

Syllabus

BBA-F-4: GOODS AND SERVICE TAX

UNIT I

Introduction, Indirect Tax, Definition & Nature, Basis for Changing Indirect Tax, Constitutional Frame Work of Indirect Tax before GST. Structure of GST, GST Council, GST Network, Slab of GST.

UNIT II

Levy and Collection of GST: Taxable Event – Supply of Goods and Services, Place of Supply, within State, Interstate, Import and Export, Time of Supply, Valuation for GST- Valuation Rules, Taxability of Reimbursement of Expense, Exemption from GST: Small Supplier and Composition Scheme, Classification of Goods and Service.

UNIT III

Input Tax Credit and Value of Supply: Eligible and Ineligible Input Tax Credit, Apportionments of Credit and Blocked Credit, Tax Credit in Respect of Capital Goods, Recovery of Excess Tax Credit. Payment of Tax: Refund, TDS, TCS, Job Work Valuation Procedure.

UNIT IV

Registration, Tax Invoice, Credit and Debit Notes, Audit GST, GST Return Assessment: Self Assessment, Summary and Security: Offence and Penalties, Appeal.

UNIT V

Custom Law: Introduction Levy and Collection, Taxable Event, Valuation of Import and Export, Refund & Recovery.