BCM-306: GOODS AND SERVICE TAX ( Syllabus for 2020-2021 )
Objective: Understanding of Basics of GST
Unit I
Tax structure in India: Direct and Indirect taxes, Overview of Goods and services tax, Implementation of GST: GST Council, Reasons for GST introduction: Pros & Cons, Registration: Persons liable for Registration- Procedure of registration- Exemption from Registration, Administration: Officers under GST- their appointment and powers, Levy and collection of CGST/ SGST, Composition levy scheme, Input tax credit( Simple problems) , Time of supply, Tax invoice, Credit and debit notes.
Unit II
IGST Act, 2017: Definitions- Supplies in the course of inter state trade or commerce- Supplies in the course of intra state trade or commerce- Levy and collection of IGST- Place of supply, Exemption from GST, Value of supply: Computation of taxable value & tax liability- Valuation rules, Returns and Payment under GST, Refund of taxes, Offences and penalties, GST portal: GSTN, GSP's and ASP's.
Product Details
GST Goods and Services Tax for B.Com. 3rd Sem. (P.U.) by V.K. Sareen & Ajay Sharma, Edition 2020
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