Syllabus-BBA - 404- Basics of Indirect Taxation

Unit I
Introduction: Background of Indirect Tax Law, Features of Indirect Taxes, Advantages and Disadvantages of Indirect Taxes, Taxation under the Constitution

UNIT II
Service Tax: Nature of service tax, Basis of Charge of service Tax, Taxable services, How service tax is paid? Registration requirements, Due date for payment of service tax

Unit III
Value added Tax: Background and justification of VAT, Benefits of and merits of VAT, Input Tax credit, Different modes of computation of VAT

Unit IV
Central excises Act: Nature of excise duty, Goods, Excisable goods, the Concept of Manufacture, The Concept of Central Value Added Tax

Unit V
Customs Act: Nature of Custom duty, Types of Custom duties, Valuation for customs duty, Merthods of valuation for customs



Suggested readings:
Dr Vinod Singhania& Dr Monica Singhania: Students guide to Income tax with service tax and value added tax: Taxmann publications
VS Datey: Indirect Taxes : Law and Practice: Taxmann Publications