Goods and Services Tax GGSIPU BBA 5th Semester

Syllabus

Course Code: BBA-301

Goods and Services Tax

Unit I

GST in India: Constitutional Provisions of Indirect Taxes: Basic Concepts-Supply, Composite and Mixed Supplies, Services under GST, Levy and Charge of GST, Rationale for GST, GST Council, GST Network, Procedure for Registration, Person and Taxable Person, Payment of Tax.                                                     (10 Hours)

Unit II

Assessment of Tax: Tax Invoice, Credit and Debit Notes, Accounts and Records, Input Tax Credit, Place and Time of Supply, Valuation and Exemptions, Job Work.                                    (12 Hours)

Unit III

Returns and Provisions: Steps to File Returns and their Due Dates, Tax Collection at Source, Demands and Recovery, Inspection, Search, Seizure and Arrest, Advance Ruling, Appeals and Revisions. (10 Hours)

Unit IV

Other Procedures under GST: Audit, Offences and Penalties, Refunds, Activities or Transactions which Shall be Treated as Neither Supply of Goods Nor as Supply of Services, Role of GST Practitioner. (10 Hours)