Indirect Taxes University of Mumbai BMS 6th Sem Notes

09/04/2020 1 By indiafreenotes

Unit 1 Introduction to Indirect Taxation and GST {Book}
A. Basic of Taxation
Direct taxes and Indirect Taxes: Differences, Advantages and Disadvantages		VIEW
Sources and Authority of Taxes in India	VIEW	VIEW
B. Introduction to GST
Genesis/Origin of GST in India		VIEW
Power to tax GST (Constitutional Provisions)		VIEW
Extent and Commencement, Meaning and Definition, Benefits of GST		VIEW
Conceptual framework: CGST, IGST, SGST, UTGST		VIEW
Imports of goods or Services or Both		VIEW
Export of Goods or Services or Both		VIEW
Taxes subsumed and not subsumed under GST		VIEW
C. Definitions
Goods 2(52) of CGST act		VIEW
Services 2(102) of CGST act
Money 2(75) of CGST act
Securities 2(101) of SCRA act 1956
India 2(56) of CGST act
Persons 2(84) of CGST act
Taxable Persons 2(107) of CGST act
Business 2(17) of CGST act
Considerations 2(31) of CGST act
E-commerce operator 2(45) of CGST act
Supplier 2(105) of CGST act
Recipient 2(93) of CGST act

Unit 2 Concept of Supply {Book}
Taxable event Supply:
Meaning and Scope of supply (Section 7 Subsection 1,2 and 3)	VIEW
Schedule I, II, III of Section 7 of GST Act	VIEW
Composite and Mixed Supplies (Sec 8 of CGST act)	VIEW
Place of Supply:
Location of Supplier of Goods and Services	VIEW
Place of supply of goods (Sec 10, 11, 12 and 13 of IGST act)	VIEW
Special provision for Payment of Tax by a supplier of Online Information Database Access Retrieval	VIEW
Time of Supply:
Time of Supply (Sec 31 of CGST act)	VIEW
Issue of Invoice by the Supplier (Sec 31(1) and (2) of CGST act)	VIEW
Continuous of Supply of goods and Services	VIEW
Goods sent on Approval (Sec 31(7) of CGST act)	VIEW
Value of Supply:
Determination of Value of Supply (Section 15 of CGST act and CGST Rules 2017)	VIEW
Input tax credit (Sec 2(62) of CGST act)	VIEW
Capital goods (Sec 2(19) of CGST act)	VIEW
Input (Sec 2(59) of CGST act), Input Service (Sec 2(60) of CGST act)	VIEW
Eligibility and conditions for taking Input Tax Credit (Sec 16 of CGST act)	VIEW

Unit 3 Registration and Computation of GST {Book}
Registration: Persons liable for GST (Sec 22), Person liable	VIEW
Procedure of GST (Sec 25)	VIEW
Deemed Registration (Sec 26), Special Provision (Sec 27)	VIEW
Amendment, Cancellation and Revocation of Registration (Sec 28,29,31)	VIEW
Computation of GST: Computation of GST under Inter State and Intra State Supplies	VIEW
Payment of Tax: Payment of Tax, Interest and other Amounts (Sec 49)	VIEW
Interest on Delayed Payment (Sec 50)	VIEW
TDS (Sec 51)	VIEW
TCS (Sec 52)	VIEW

Unit 4 Filling of Returns {Book}
Documentation: Tax invoices (Sec 31 and 32)	VIEW
Credit and Debit notes (Sec 34)	VIEW
Electronic Way bill	VIEW
Returns: Types of Returns and provisions relating to filling of Returns (Sec 37 to Sec 48)	VIEW