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Jenipher Carlos Hosanna - MCom, MFM, MCS, LLM, MBA – Faculty of Commerce,

KNM Govt. Arts & Science College, kanjiramkulam, University of Kerala, Trivandrum.

Syllabus of GOODS AND SERVICE TAX


A. Back Ground of GST - What is GST? - Process of introduction of
VAT at the Centre and the States - Process of preparation for GST
– Comprehensive structure of the GST model - FAQs on GST u/s.
4

B. Justification for introduction of GST - Shortcomings at the Central


Level - Advantage at the Central Level on introduction of GST -
Shortcomings at the State Level - Advantage at the State Level
on introduction of GST

C. Salient Features of Proposed GST Model - CONCURRENT DUAL


GST (i) Dual GST model (ii) Applicability of GST (iii)
Apportionment of GST between Central and States (iv) Input tax
Credit under GST (v) Cross utilization of ITC between the Central
GST and the State GST (vi) Refund and Adjustment of GST (vii)
Collection of GST (viii) Administration (ix) Chargeability (x)
Compounding Option (xi) Returns under GST (xii) Registration
Number (xiii) Audit and Assessment
D. Other Features of Dual GST Model

E. Inter State Goods and Service Tax - Major advantages of IGST


Model - Interstate Goods & Service Tax-illustration

F. GST Rate Structure – GST rates in prominent Countries - Zero


Rating of Exports - GST on Imports - Special Industrial Area
Scheme

G. Transactions within a state –under GST & Inter-State


Transactions – Under GST

H. Taxes and Duties subsumed under GST - Taxes & Duties outside
the purview of GST – (i) Tax on items containing Alcohol (ii) Tax
on Petroleum Products Other Taxes & Duties on special items (i)
Tax on Tobacco products (ii) Taxation of Services

I. FAQ s on GST u/s. 4 - What shall happen to Service tax? Who will
levy Service tax? - Why does introduction of GST require a
Constitutional Amendment? - How will the rules for
administration of CGST and SGST be framed? - How would export
be taxed? - How GST shall be payable by taxpayers? - Will there
be any composition scheme for small traders in GST regime? -
Registration of assessees under GST - How will imports be taxed
under GST? - How would a particular transaction of goods and
services be taxed simultaneously under Central GST (CGST) and
State GST (SGST)?