Constitutional back ground of taxes-Types of taxes – Direct and Indirect taxes- Indirect taxation – nature – Advantages- Disadvantages – Excise, Sales, Customs and Service taxes –Contribution to State Exchequer - Tax evasion – Tax avoidance – Cause and Consequences

The Customs Act 1962-Customs Duty- Important Definitions – Types - Negative list of items of Import and Export- Assessment of Duty-Valuation of Dutiable goods-Case study

Overview of GST, Implementation of GST,GST network, taxes in GST (CGST, SGST, IGST)- Need for GST in India-Framework of GST as introduced in India-Benefit of GST- goods not covered in GST, Liability of the tax payer.

Introduction- concept of supply (section 7 of CGST Act), Time of supply (section 13)-Goods, time of supply-services, Valuation in GST-Transaction Value, Valuation rule.

Power of grant exemption from tax (Section 11 of the CGST act/Section6 of IGST act) - Goods exempt from tax. Eligibility and conditions for taking Input Tax Credit (Sec16)-set of ITC – Restrictions in claiming ITC