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Lecture Notes
Dear Students the Lecture Notes has been uploaded for the following topics:Tax- Features – Canons – Objectives of Taxation – Tax Vs Duty - Direct Tax Vs Indirect Tax – Advantages and Disadvantages of indirect taxes - Various types of Indirect taxes., Customs Duty – Objectives – Levy and Collection – Classification of Goods – Types of Customs Duty – Valuation of Goods, GST – Concept – Need – Types of GST – Advantages and Disadvantages of GST – Framework of GST in India, Supply – Meaning – Forms – Govt./Public Authorities and Supply – Composite or Mixed Supply – Continuous Supply - Time of Supply – Value of Supply, Incidence of tax – Rates of GST in India – Exemption and Exempt Supplies. Input Tax Credit (ITC) – Eligibility and condition – Key Elements ofITC