Goods & Services Tax Book for All UP State BBA 6th Semester

Unit

Topics

No. of Lectures

Total = 30

I

Introduction: Constitutional Framework of Indirect Taxes Before GST (Taxation Powers of Union & State Government); Concept of VAT: Meaning, Variants and Methods; Major Defects in the Structure of Indirect Taxes Prior to GST; Overview of GST; Structure of GST (SGST, CGST, UTGST & IGST); GST Council.

7

II

Supply of Goods and Services: Definition of Supply; Place of Supply: Intra-State and Inter-State Supply; Composite and Mixed Supply; Import and Export; Supplies of Goods and Services Liable to be Reverse Charged; Time of Supply; Nil Rated Supplies, Zero Rated Supplies, Exempted Supplies & Non-GST Supplies.

7

III

Registration and Documentation: (A) Registration-Persons Liable to Registration; Compulsory Registration; Procedure of Registration; Exemption from Registration; Composition Scheme.

8

(B) Documentation- Tax Invoice; Bill of Supply; Receipt Voucher; Payment Voucher; Refund Voucher; Debit Note; Credit Note. Returns: GSTR 1 and GSTR 2, Monthly / Quarterly Return, Annual Return; Time and Procedure of Filing of Returns.

IV

Input Tax Credit: Introduction, Concept of Input Service Distributor, Legal Formalities for an ISD, Distribution of Credit, Claiming Input Tax Credit for Inputs Goods, Claiming Input Tax Credit for Capital Goods.

Payment of Tax: (a) Through Input Tax Credit (b) By Cash / Bank After Generation of Online Challan.

E-Way Bill: Introduction, Preparation of E-Way Bill, Important Points for Transporter.

GST Portal: Introduction, GST Eco-System, GST Suvidha Provider (GSP), Uploading Invoices.

8