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

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

Syllabus – Goods and Service Tax (Existing)

1. Introduction to GST – GST Concepts – Advantages and Limitations
of VAT – GST as the preferred Tax Structure.
2. Models of GST – Australian Model – Canadian Model – Kelkar-Shah
Model – Bagchi-Poddar Model.
3. Need for Tax Reforms – GST Principles – Single GST, Dual GST –
Transactions covered under GST – Impact of GST.
4. Registration and Filing – Rates of Tax – Rates in Foreign
Countries – In India – Zero rating of Exports – GST on Imports –
Special Industrial Area Schemes – IT Infrastructure.
5. Assessment and Administration of GST – Constitutional
Amendments.

Syllabus of GOODS AND SERVICE TAX (Modified)

1. Back Ground of GST - What is GST? - Process of introduction of
VAT at the Centre and the States – Advantages and Limitations of
VAT - Process of preparation for GST – Comprehensive structure
of the GST model – Australian Model – Canadian Model – Kelkar-
Shah Model – Bagchi-Poddar Model – The Practical Model - FAQs
on GST u/s. 4

2. 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

3. 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 - Other Features of Dual GST
Model

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

Model - Interstate Goods & Service Tax-illustration
5. GST Rate Structure – GST rates in prominent Countries - Zero
Rating of Exports - GST on Imports - Special Industrial Area
Scheme

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

Transactions – Under GST

7. 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

8. FAQs 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)?