Service tax

Part II: Service tax (25 marks) and VAT (25 marks)

Objective:

To gain knowledge of the provisions of service tax as mentioned below and basic concepts of Value Added

Tax (VAT) in India.

Service tax (25 marks)

Contents:

1. Service tax – concepts and general principles

2. Charge of service tax and taxable services

3. Valuation of taxable services

4. Payment of service tax and filing of returns

VAT (25 marks)

5. VAT – concepts and general principles

6. Calculation of VAT Liability including input Tax Credits

7. Small Dealers and Composition Scheme

8. VAT Procedures.

Note: If new legislations are enacted in place of the existing legislations the syllabus will accordingly include the

corresponding provisions of such new legislations in the place of the existing legislations with effect from

the date to be notified by the Institute. Students shall not be examined with reference to any particular State VAT

Law.