Module 1: Introduction 08 hours
Introduction to GST – GST Acts, Need and Benefits – Classification of Goods and Services; Taxable – Exempted – Composition scheme – Rates of GST – Registration: CGST, KGST and IGST Acts, 2017. GST Network (GSTN) – Goods and Services Tax Suvidha Providers (GSP) – GSP Eco system (Theory only).
Module 2: Levy and Collection of GST
14 hours Supply u/s 7 – relevant definitions – supply for further business – supply without consideration, composite and mixed supplies – place of supply. Time and Value of supply of goods u/s 12, services u/s 13, forward charge and reverse charge, vouchers for exchangeable goods, residual goods, interest and late fee for delayed payment u/s 12(6), value of supply u/s 15 – inclusions u/s 15(2) a,b,c,d – exclusions u/s 15(3), supply where value can’t be determined ad notified supplier, related person supply. Methods of valuation of goods and services – problems including composition levy.
Module 3: Input Tax Credit 14 hours
Relevant definitions – eligibility and conditions for claiming credit – apportionment of credits and blocked credit – credit on capital goods – availability of credit in special circumstances – transfer of input tax credit – claim of input tax credit – matching, reversal and reclaim of input tax credit, recovery of input tax credit and interest thereon – taking input tax credit in respect of inputs sent for job work – problems on claiming input tax credit and assessment of tax liability.
Module 4: Procedure and Administration under GST
All procedures including registration, tax invoice, credit and debit notes, e-way bill, accounts and records, returns (GSTRs), payment of tax including reverse charge, refund, job work – provisions relating to electronic commerce – liability to pay in certain cases. Administration of GST; Assessment and Audit – Inspection – Search – Seizure and Arrest – Demand and Recovery – Offences and Penalties – Advance Ruling – Appeal and Revision.
Module 5: Customs Act, 1962
Introduction to Customs Duty – Customs Procedures – Levy and collection of customs duty – exemptions from customs duties – Methods of valuation of customs duty (including antidumping and safe guard duty – Baggage – Problems; Detailed procedure in relation to transportation and warehousing – relevant rules and regulations. Drawbacks of customs duty paid – preparation and submission of drawback claim forms; Adjudication and appeals before the customs authorities and the appellate tribunal.
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