Tax Laws-II
Jamia Millia Islamia · LL.B. Semester 7
Unit I — INTRODUCTION
Constitutional framework for GST, Taxation Powers of Union & State Government · Major Defects in the structure of Indirect Taxes prior to GST; Rationale for GST · Important Definitions under GST Law · Structure of GST (SGST, CGST, UTGST &IGST); GST Council and its functions, State Compensation Mechanism
Unit II — REGISTRATION, LEVY AND COLLECTION UNDER GST
Compulsory & voluntary Registration-Procedure for Registration-Deemed Registration- Cancellation of Registration-Revocation of Registration · Taxable supply-Time of Supply-Value of Supply-Taxability of Composite and Mixed Supply-Location of The Supplier and Place of Supply · Valuation for GST- Valuation rules-taxability of reimbursement of expenses · Exemption from GST-Small supplies and Composition Scheme; Classification of Goods and Services: Reverse Charge
Unit III — PAYMENT OF TAX & INPUT TAX CREDIT
Payment of Tax Liability and Payment of Tax, Interest on Delayed Payment of Tax, Refund of Tax. · Eligibility to avail Input Tax Credit, Input Tax Credit in Special Circumstances, Input Tax Credit in Respect of Goods sent for Job-work · Distribution of Credit by Input Service Distributor. · Recovery of Input Tax Credit.
Unit IV — PENAL PROVISIONS
GST Returns-Anti-profiteering · Refunds under GST- Demands and Recovery- · Offence and Penalties under GST · Appeals and Revision -Advance Ruling
Unit V — CUSTOM DUTIES
Meaning, Concept & Scope of Import and Export-Types of duties, Prohibition on Importation and Exportation of Goods and services. · Customs Duty: Basic Customs Duty- IGST on Importation of Goods and Services -Duty Drawback- · Authorities-Their Powers and Jurisdiction -Adjudicating Authority- · Offences-Appeals under Customs Law-Authority for Advance Ruling