403: Indirect Taxation
Marks: 80
Unit I: Central
Sales Tax Act, 1956, (CST Act 1956) 20
Enactment of the
Act; Nature and Scope of the Act; Administration of Central Sales Tax Act;
Essential features of the Act; Terms and definitions under the Act-Appropriate
state; Dealer; goods, declared goods, place of Business, sale, Turnover,
circumstances leading to the levy of CST, Features of Inter-state sales,
Factors influencing the determination of tax, Registration under the CST Act
and its advantages, procedure of payment of Central Sales Tax.
Unit II: The
Central Excise Act 1944 20
Brief history of
Central Excise, Nature of Excise Duty, Basic requirements for levy of Central
Excise, Important terms and definitions under the Central Excise Act, Excisable
goods; Factory, Manufacture and Manufacturer, Sale and purchase, Wholesale
Dealer, Free Trade Zone, Special Economic Zone, Hundered Percent Export
Oriented undertaking, persons requiring registration and exemption from
registration, Procedure of registration and documents to be furnished
therewith.
Unit III: The
Customs Act 1962 20
Brief history of
custom Duty Important terms and definitions under the Custom Act – Bill of
Entry, Bill of Export, Supplying Bill, Coastal Goods, Dutiable Goods,
Prohibited Goods, Export Goods Imported Goods, Tariff value, Types of custom
Duties, Procedure of clearance of Imported Goods.
Unit IV: Value
Added Tax and Assam Value Added Tax Act (Assam VAT Act.) 20
Origin of VAT,
Meaning, Features, Advantages of VAT, Goods covered under VAT, objectives of
Assam VAT Act, procedure of registration, Persons requiring registration under
Assam VAT Act, Person liable to tax under Assam VAT Act., Rates of VAT, Tax
Payer Identification Number (TIN), Input Tax, Input Tax Credit,
Non-applicability of VAT and Sales not liable to tax under VAT, Prescribed Tax
Authority
Suggested Books:
B.B.
Das, Ramen Barman, B.J. Bora, Taxation & Auditing, Guwahati-5
Datey
V.S., Indirect Taxes, Taxmann, New Delhi.
Mahesh
Ch. Purohit, VAT, Gyan Publication, New Delhi.
P.S.
Shome, VAT.
V.
Balachandran, Indirect Taxes, Sultan Chand & Sons.
Ankit
Todi; Assam VAT, Ashoke Publishing House, Guwahati.
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