|
|
COMMERCIAL TAXES (Elective Paper - XIV)
OBJECTIVES:
To familiarise the students with tax laws and procedures relating to Indirect Taxes.
UNIT – 1:
The Central Sales Tax Act, 1956: Concept of sale and purchase in the course of intra-state, interstate, import and export trade or commerce – Registration of dealers.
UNIT – 2:
Payment of Central Sales Tax - determination of turnover – levy and collection of tax – penalties and cognizance of offences – goods of special importance.
UNIT – 3:
VAT – procedures relating to levey and collection of VAT in Karnataka.
UNIT – 4:
Administration and Collection of Tax – Authorities under the Act – Appeals and Revision and offences and penalties.
UNIT – 5:
An over view of Karnataka State Taxes – professional tax – entertainment tax – entry tax – agriculture income tax.
SKILL DEVELOPMENT:
1. Determination of Total and Taxable Turnovers.
2. Filing of the prescribed forms of registration under VAT and CST Acts.
3. Preparation of Monthly / Quarterly / Annual returns and payment of Tax by dealers.
4. Preparation of ‘Tax Invoice’ and ‘Bill of Sale’.
5. Preparation of the statutory forms for availing Concessions / Exemptions of Tax.
BOOKS FOR REFERENCE:
1. L.K. Jain: Central Excise Mannual, Century Publications Pvt. Ltd., Delhi.
2. Karnataka Value Added Tax Act 2003 published by Karnataka Law Journal Publications, Bangalore – 560 009.
3. V.S. Datey: Indirect Taxes Law and Practice (CST Act).
4. Cheturvedi: Central Sales Tax Laws in 2 volumes.
5. Bare acts of CST and KST.
|
No responses found. Be the first to respond and make money from revenue sharing program.
|