Corporate Taxation For Managers

                                                                                   Syllabus

Module 1: Assessment of Companies                                                         12 Hours

Introduction of Indian Tax Structure: Types of Companies, Residential Status and Incidence of Tax- Depreciation u/s 32- Computation of Tax Liability of Companies, Book Profits, Minimum Alternative Tax (Sec.115JB) – Deductions u/s 80 for Companies, Carry Forward and Set-Off of Losses.

Module 2: Tax Planning                                                                                 14 hours

Tax Planning, Tax Avoidance and Tax Evasion – Meaning and Difference. Areas of tax Planning- Tax Planning with Respect to Setting up New Business-Form of Organisation, Tax Planning with Respect to Location and Nature of Business. Tax Planning with Reference to Financial Managerial Decisions-Capital Structure Decision, Dividend Policy, Inter-Corporate Dividends and Bonus Shares, Specific Managerial Decisions- Purchase of Asset, Lease, Instalment, Hire, Make or Buy, Repair, Replace, Renewal or Renovation, Tax Planning for Distribution of Assets by Companies in Liquidation, Amalgamation and Demerger.

Module 3: Customs Duty                                                                               08 Hours

Valuation Rules for Customs Duty, Computation of Assessable Value and Calculation of Customs Duty. Baggage, Postal Articles and Stores Rules. Import and Export Procedure.

Module 4: Goods and Services Tax                                                            06 Hours

Introduction to Goods and Services Tax, Constitutional Framework, Orientation to CGST, SGST and IGST, Definitions – Supply, Inward Supply, Outward Supply, Continuous Supply, Time of Supply, Place of Supply, Goods, Services, Person, Taxable Person, Related Person, Business, Place of Business, Business Verticals, Consideration, Capital Goods, Input and Input Service, Input Tax, Output Tax, Aggregate Turnover, Deemed Exports, Recipient, Reverse Charge, Works Contract.

Module 5: Valuation of GST and Computation of GST Liabilities   08 Hours

Taxable and Exempted Goods; Valuation of Taxable Supply of Goods, Computation of GST Liability on Supply of Goods, Set-off of Input Tax Credit; Taxable and Exempted Services; Valuation of Taxable Value of Services; Computation of GST Liability on Supply of Services, Set-off of Input Tax Credit; Reverse Charge Mechanism.

Module 6: GST Procedure                                                                            08 Hours

Registration Under GST, Tax Invoice, Levy and Collection of GST, Composition Scheme, Due Dates for Payment of GST, GST Returns – Types of Returns, Monthly Returns, Annual Return and Final Return – Due Dates for Filing of Returns. Final Assessment.