Com5ej314 — Syllabus

• Pre-requisites: Students should have a foundational understanding of taxation principles, concepts, and terminology.

Course Summary Indirect Tax Law and Practice is a specialized course designed to provide students with a comprehensive understanding of indirect taxation principles, laws, and practices.

• Course Outcomes (CO): CO CO Statement Cognitive Level* Knowledge Category# Evaluation Tools used CO1 Acquire a comprehensive understanding of the principles and concepts underlying indirect tax laws and practices.

U C Examinations Assignment CO2 Analyze the impact of indirect taxes on business operations, financial transactions.

An P Examinations Assignment CO3 Demonstrate proficiency in interpreting and applying indirect tax laws, regulations, and guidelines in various business scenarios.

Ap P Project Case analysis

• - Remember (R), Understand (U), Apply (Ap), Analyse (An), Evaluate (E), Create (C) # - Factual Knowledge(F) Conceptual Knowledge (C) Procedural Knowledge (P) Metacognitive Knowledge (M) Detailed Syllabus:

Module Unit Content Hrs I Introduction to Indirect Taxes 8 1 Direct and Indirect Taxes – Indirect Taxes – Concept and Features 1 2 Types of Indirect Taxes – Indirect Taxes – Merits and Demerits 2 3 Goods and Services Tax Introduction 1 4 Customs Duty- Introduction - Scope of Customs Law 2 Module Unit Content Hrs 5 Meaning of Customs Duty – important definitions. 2 II Goods and Service Tax 10 6 Framework of GST - Dual GST – CGST- SGST- UTGST- IGST 2 7 Legislative frame work - classification of Goods and services 2 8 Composition scheme - registration – exemptions – seamless flow of credit 2 9 Intra state supply – inter-state supply – GST common portal 2 10 GSPs and ASPs – Compensation cess- taxes subsumed in GST – benefits of GST 2 III Input tax credit 15 11 Input – Input services - input tax 2 12 – Eligibility for taking input tax credit 2 13 Blocked credits – Methods of reversal of credits 2 14 Distribution of credit by input service distributor 4 15 Computation of input tax credit – common credit – reversal – Apportionment 5 IV Customs duty 15 16 Customs Authorities – Taxable event of Import/Export of goods 2 17 – types of Customs Duties - Classification and valuation of goods 3 18 Export Procedures – Import Procedures – 5 19 Provisions governing import and export of goods – baggage rules 3 20 Exemptions from customs duties – penalty refund and recovery 2 V Open Ended Contemporary topics in indirect taxation Case study related to effect of GST on a manufacturing concern. 12 References

1. Handbook on: Goods and Services Tax – CA Pushpendra Sisodia, Bharat Law House
2. Indirect: Taxes – Law and Practice – V.S. Datey, Taxmann
3. GST: Laws and Practice – Dr. Sanjeev Kumar, Bharat Law House
4. Practical: Guide to GST – CA. Rajat Mohan, Bharat Law House
5. Students: Guide to Indirect Taxes – CA. Monica Singhania, Taxmann
6. Guide to: Indirect Taxes - Ravi Kumar Somani - Asia Law House