LAW AND PRACTICE OF TAXATION -II BCMH A 602 (HONOURS PAPER) Objective : This course aims at developing and understanding of the law ...
LAW AND PRACTICE OF TAXATION -II
BCMH A 602 (HONOURS PAPER)
Objective : This course aims at developing and understanding of the law & practice ofTaxatioin.
Full Marks - 50
UNIT 1
BASIC CONCEPTS 101.1 Direct Tax, Indirect Tax, Features of Indirect Tax, Indirect Tax Laws.
1.2 Advantages and Disadvantages of Indirect Tax.
1.3 Concepts of VAT; Distinction between VAT and Sales Tax.
UNIT 2
ASSAM VALUE ADDED TAX ACT, 2003 102.1 Definitions: Business, Dealers, Goods, Gross Turnover, sale, sale Price tax
Invoice, Taxable Turnover, Value Added tax, Works Contract, Zero Rated sales.
2.2 Incidence and Levy of Tax.
2.3 Registration of Dealers; Amendment, Suspension and cancellation of certificate
of Registration.
UNIT 3
CENTRAL EXCISE: 103.1 Nature and Scope of Central Excise.
3.2 Important terms and definitions under the Central Excise Act,1944.
3.3 General Procedures of Central Excise, Clearance and excisable goods.
3.4 Concession to small industry under Central Excise Act; CENVAT.
UNIT 4
CENTRAL SALES ACT 104.1 Objectives and Scope of Central Sales Tax Act.
4.2 Important terms and Definition under Central Sales tax Act.
4.3 Determination of Sale in the course of inter-state trade or commerce and
import or export.
4.4 Exemptions under GST Act.
UNIT- V
CUSTOMS 105.1 Role of customs in International Trade.
5.2 Important Terms and Definition under the Customs Act, 1962.
5.3 Prohibition of export & import of goods and provision regarding notified &
specified goods.
5.4 Import of goods; Types of import & export.
Suggested Readings:
1. Sanjay Kumar: Systematic Approach to Indirect Taxes, Bharat Law House; New Delhi.2. Mrinyunjoy Acharjee: Direct & Indirect Taxation, Rabindra Library, Kolkata.
3. The assa Value Added Tax Act,2003.
4. The Central Excise Act, 1944.
5. Central Sales Tax Act, 1956
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