Code: BC 306-B

GOODS & SERVICES TAX (GST)

Unit-I

Indirect Tax: Meaning, Features, difference between direct & Indirect Tax Types of indirect tax
before GST, Shortcoming of Indirect Tax system during pre GST Era. GST: Meaning,
advantages, disadvantages, Evolution of GST, Structure of GST: CGST/IGST/SGST/UTGST,
Important definition under GST Act. Machinery under GST: GST council, GST network, GST
Authority. Concept of Supply: Meaning, Features, Types:, Inter -state, intra- state, mixed
composite, exempt supply.

Unit-II

Time of supply (TOS): Meaning, TOS of Goods & Services, TOS under Reverse Charge
Mechanism, Invoicing provisions, provisions related with changes in GST rate. Place of Supply
(POS): Meaning, POS of goods & service, intra state & Inter State supply. Value of Supply:
Meaning, provisions related with determination of value of supply of goods & services,
determination of GST liability.

Unit-III

Input Tax credit (ITC): Meaning, manner of utilization of ITC, Block credit, supply not eligible
for ITC, Matching, reversal & Reclaim of ITC. Payment under GST: Manner of Payment of
GST liability, concept of Electronic Cash, credit & liability ledger, refund of excess GST.
Return: Meaning, purpose & Importance, different type of return, due date of filing return.
Assessment under GST: Meaning, types-self assessment, provisional assessment, summary
assessment, best judgment assessment.

Unit-IV

Registration: Meaning, optional registration, compulsory registration, procedure for new
registration, amendment & cancellation of registration. Composition Scheme: condition &
restriction for composition scheme. Accounts & Records: manner of maintenance of accounts,
period of retention of relevant records, Invoice: format, types- debit & credit note, vouchers.
Audit: meaning, types-mandatory, departmental & special audit. Penalty under GST, E-way bill.
REFERENCES:
1. Agrawal, Raj. K; Advanced Handbook on GST.
2. Background Material on Model GST Law, Sahitya Bhawan Publications.
3. Bansal,K.M; GST a Customer’s Law, TAXMANN Publication(P)Ltd, University
Edition.
4. Chaudhary, Vashishtha ; Dalmia, Ashu; Girdharwal, “GST- A Practical Approach”,
Taxman Publication
5. Datey V.S., “GST Ready Reckoner”, Taxman Publication, New Delhi.
6. E- Resources & Latest GST Bill
7. Jha R. K. & Singh, P. K. “A Bird’s Eye view of GST”, Asia Law House
8. Majumder, Sumit Dutt “GST in India” 2nd edn. Centex Publications Pvt. Ltd.
9. Rastogi, Abhishek A., “GST- A Professional Guide” Taxman Publication.
10. Singhania, V.K; Students Guide to GST & Customers Law, TAXMANN
Publication (P) Ltd, University Edition.