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    Corporate Taxation For Managers 5.12.23

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    Vani Balaji
    This 3 credit course provides an overview of corporate taxation for managers. The course objectives are to provide knowledge on taxes influencing corporations and procedures for corporate tax compliance. The course content is divided into 4 modules that cover corporate tax assessment, customs duties, introduction to Goods and Services Tax (GST), and computation of GST liabilities and input tax credits. Pedagogical approaches include lectures, demonstrations, exercises, and case studies. Recommended readings include textbooks on direct and indirect tax laws.

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    Corporate Taxation For Managers 5.12.23

    Uploaded by

    Vani Balaji
    43 views2 pages
    This 3 credit course provides an overview of corporate taxation for managers. The course objectives are to provide knowledge on taxes influencing corporations and procedures for corporate tax compliance. The course content is divided into 4 modules that cover corporate tax assessment, customs duties, introduction to Goods and Services Tax (GST), and computation of GST liabilities and input tax credits. Pedagogical approaches include lectures, demonstrations, exercises, and case studies. Recommended readings include textbooks on direct and indirect tax laws.

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    Corporate Taxation for Managers 5.12.23

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    This 3 credit course provides an overview of corporate taxation for managers. The course objectives are to provide knowledge on taxes influencing corporations and procedures for corporate tax compliance. The course content is divided into 4 modules that cover corporate tax assessment, customs duties, introduction to Goods and Services Tax (GST), and computation of GST liabilities and input tax credits. Pedagogical approaches include lectures, demonstrations, exercises, and case studies. Recommended readings include textbooks on direct and indirect tax laws.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    43 views2 pages

    Corporate Taxation For Managers 5.12.23

    Uploaded by

    Vani Balaji
    This 3 credit course provides an overview of corporate taxation for managers. The course objectives are to provide knowledge on taxes influencing corporations and procedures for corporate tax compliance. The course content is divided into 4 modules that cover corporate tax assessment, customs duties, introduction to Goods and Services Tax (GST), and computation of GST liabilities and input tax credits. Pedagogical approaches include lectures, demonstrations, exercises, and case studies. Recommended readings include textbooks on direct and indirect tax laws.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    Course Code: PGDFN 504

    Course Title: CORPORATE TAXATION FOR MANAGERS

    1. GENERAL INFORMATION

    No. of Credits – 3 No. of hours per week – 3

    2. COURSE OBJECTIVES AND OUTCOMES

    OBJECTIVE

     To impart students with knowledge on tax, and their modalities.


     To give insight on the taxes influencing a corporate entity.
     To orient the students on the procedures and formalities to be adhered, with regard to
    corporate tax matters.

    OUTCOMES

    By the end of this course, a student would learn the corporate tax and GST in India.
    Computation of income tax liability of a corporate entity and the strategies for legally
    reducing tax burden.

    3. COURSE CONTENT AND STRUCTURE

    MODULE 1: ASSESSMENT OF COMPANIES TAX & FINANCIAL PLANNING


    10 Hours

    Companies: Definition, Meaning and structure of tax (Direct & Indirect), Types of
    Companies, Residential Status, Assessment of companies -Concept of Tax planning, Tax
    Avoidance, Tax Evasion & Tax Management – Assessment of Companies (Sec 115 B).

    MODULE 2: CUSTOMS DUTY 10 Hours

    Introduction to Baggage postal articles and stores rules, import and export procedures, Free
    Allowance. Provisional Assessment of Duty, Due Dates for Payment of Duty, Penalties under
    Customs, Seizure of Goods, Confiscation of Goods

    MODULE 3: INTRODUCTION TO GOODS AND SERVICES TAX (GST): 8 Hours

    Constitutional frame work; Goods and Services Tax Act & Rules, Need for GST in India,
    Dual GST Model, Orientation to CGST, SGST,UTGST , GSTN), GST Council. Guiding
    principle and Functions of the GST Council. (Theory).
    Time and Value of supply: Definitions – Supply, Inward supply, outward supply,
    continuous supply,-Time of Supply, Change in Rate of Tax in respect of Supply of Goods or
    Services, Place of Supply and Value of Supply.
    MODULE 4: VALUATION OF GST LIABILITIES AND INPUT TAX CREDIT:
    12 Hours

    Registration under GST, Tax invoice, Levy and Collection of GST, scope of supply,
    Composition scheme, Exemptions Person Liable to pay GST, Exemption from tax. (Simple
    problems on calculation of value of taxable supply and GST Levy). Due dates for payment of
    GST, GST returns – Types of return, Monthly returns, Annual return and Final return, Due
    date for filing of return, final assessment - Introduction and Eligibility to avail Input Tax
    Credit (ITC). Registration under GST: Persons not liable for Registration, Compulsory
    Registration in Certain Cases, Procedure for Registration, Deemed Registration. Returns
    under GST: Furnishing of Returns, First Return, Revision of Returns and Penalty/Late Fee.
    (Theory).

    4. PEDAGOGY
    (i) Lectures.
    (ii) Demonstrations using template forms of tax
    (iii) Practical Exercises – Individual and Group
    (iv) Case Studies.

    5. TEACHING AND LEARNING RESOURCES


    (a) www.finmin.ninc.in
    (b) www.incometaxindia.gov.in
    (c) www.cbec.gov.in
    (d) www.gstn.org

    RECOMMENDED READINGS
    Essential Readings
    1. Singhania, Vinod, and Singhania, Kapil, ―Direct Taxes – Law and Practice‖, Taxman.
    2. H.C.Meharotra, Direct tax law and practice including tax planning‖ Sahitya Bhavan
    Publications
    3. Ahuja, Girish and Gupta, Ravi, ―Direct Taxes – Law and Practice‖, Bharat Publications.
    4. Manoharan, T. N and Hari, G.R., ―Direct Tax Laws‖, Snow White Publications.
    5. V.S.Datey, Indirect tax laws, Taxmann
    6. Hiregange, Jain and Nayak, ―Student‘s Handbook on Goods and Services Tax‖, Puliani
    and Puliani.

    References:
    Study material of the Institute of Chartered Accountants of India available at
    http://www.icai.org/post.html?post_id=10169and
    http://www.icai.org/post.html?post_id=10172

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