Indirect Tax Laws - GST and Customs (B.Com)

Goods and Services Tax concepts, registration, supply, input tax credit, returns and customs duty.

6 MonthsDuration 5Chapters25Topics

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Syllabus · पाठ्यक्रम

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01Unit 1: Introduction to GST 5 topics

Indirect taxes before GST
101st Constitutional Amendment and GST Council
Dual GST: CGST, SGST, UTGST and IGST
Taxes subsumed in GST
GST Network

02Unit 2: Supply and Levy 5 topics

Meaning and scope of supply
Composite and mixed supply
Intra-state and inter-state supply
Time, place and value of supply
Exemptions

03Unit 3: Registration and Composition 4 topics

Threshold limits and compulsory registration
Registration procedure
Composition scheme
Amendment and cancellation of registration

04Unit 4: Input Tax Credit, Payment and Returns 6 topics

Conditions for input tax credit
Blocked credits
Reverse charge mechanism
Payment of tax and electronic ledgers
Returns: GSTR-1, GSTR-3B and GSTR-9
E-way bill

05Unit 5: Customs Law 5 topics

Customs Act 1962 and Customs Tariff Act 1975
Types of customs duty
Valuation of imported goods
Import and export procedure: bill of entry and shipping bill
Baggage rules

About

You will be able to

Explain the constitutional framework and structure of GST in India
Determine supply, composite and mixed supply and the type of GST applicable
Explain registration, composition scheme, input tax credit and reverse charge
Describe GST returns, payment and e-way bill
Explain customs duties, valuation and import and export procedures

Who it is for

B.Com students (General and Accounting & Taxation streams) of Semester 5 under the UP State Universities NEP 2020 syllabus
Students aiming for GST practice, tax assistant jobs or CA / CMA studies

What you need

Basic accounting and Income Tax Law of Semester 4 are helpful

Questions

GST rates keep changing. How is that handled?

Rates and limits are notified by the GST Council from time to time; we update notes and follow the provisions applicable for your university exam.

Is practical GST filing part of this paper?

This is a theory paper. Practical filing is taught in the separate GST Return Filing vocational course.

Which syllabus does the course follow?

It follows the UP State Universities NEP 2020 common minimum syllabus for B.Com. Where your own university's syllabus differs, the centre teaches as per your university syllabus and papers.