TYBCom Accounting Finance Programme in Sem V of Elective Course Taxation III Indirect Taxes I and Sem VI of Elective Course Taxation IV Syllabus Mumbai University by munotes
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AC – 15/04/2019
Item No. – 4.41
UNIVERSITY OF MUMBAI
Revised Syllabus of
B.Com. (Accounting and Finance) Programme in Semester V
Elective Courses
Taxation –III (Indirect Taxes -I)
Under the Choice Based Credit, Grading and Semester System
(To be implemented from Academic Year 2019 -2020)
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Item No. – 4.41
EXHIBIT No .2
Revised Syllabus of Courses of B.Com. (Accounting and Finance)
Programme at Semester V
with effect from the Academic Year 2019 -2020
Elective Courses (EC)
Taxation – III (Indirect Taxes – I)
Modules at a Glance
Sr.
No. Modules No. of
Lectures
01 Introduction to Indirect Taxation and
GST 10
02 Levy and Collection of Tax 08
03 Concept of Supply 08
04 Documentation 08
05 Input Tax Credit and Computation of
GST 20
06 Registration under GST Laws 06
Total 60
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Sr. No Modules/Units
1 Introduction to Indirect Taxation and GST
Basics for Taxation - Direct Taxes and Indirect Taxes – Features of Indirect taxes,
Difference, Advantages and Disadvantages, Sources and Authority of Taxes in India
(Art 246 of the Indian Constitution)
Introduction to GST – Genesis of GST in India, Power to tax GST (Constit utional
Provisions), Meaning and Definition of GST, Benefits of GST, Conceptual Framework
– CGST, IGST,SGST,UTGST, Imports of goods or services or both, Export of goods or
services or both, Taxes subsumed and not subsumed under GST.
Definitions
Sectio n 2(13) Audit
Section 2(17) Business
Section 2(31) Consideration
Section 2(45) Electronic Commerce Operator
Section 2(52) Goods
Section 2(56) India
Section2 (78) Non taxable Supply
Section 2(84) Person
Section 2(90) Principal Supply
Section 2(93) Recipient
Section 2(98) Reverse charge
Section 2(102) Services
Section 2(105) Supplier
Section 2(107) Taxable Person
Section 2(108) Taxable Supply
Extent & Commencement of CGST Act/ SGST Act/ UTGST Act / IGST Act
Goods and Services Tax Council (GST Council)
Goods & Services Tax Network (GSTN)
2 Levy and Collection of Tax
Charge of GST, Levy and Collection GST, Composite and Mixed Supplies under GST,
Power to Grant Exemption, Negative list of GST, GST Rate Schedule for Goods and
Services
3 Concept of S upply
Concept of Supply (Section 7 of CGST Act)
Taxable Event under GST
Place of Supply
Time of Supply
Value of Supply
(Rules for valuation of Supply of G oods and Services)
4 Documentation
Tax Invoices, Credit and Debit notes
5 Input Tax Credit and Computation of GST
Eligibility and conditions for taking Input Tax Credit
Apportionment of credit & Blocked credits
Credit in special circumstances
Computation of GST under Inter State supplies and Intra State Supplies
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6 Registration under GST Law
Registration – Persons liable for Registration, Persons not liable for Registration,
Procedure for Registration, Deemed Registration, Amendment, Cancellation and
Revocation of Registration.
Note: Relevant Law/Statute/Rules in force and relevant Standards in force on 1st April
immediately preceding commencement of Academic Year is applicable for ensuing
examination.
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AC – 15/04/2019
Item No. – 4.44
UNIVERSITY OF MUMBAI
Revised Syllabus of
B.Com. (Accounting and Finance) Programme in Semester VI
Elective Courses
Taxation – Paper IV (Indirect Taxes -II)
Under the Choice Based Credit, Grading and Semester System
(To be implemented from Academic Year 2019 -2020)
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AC – 15/04/2019
Item No. – 4.44
EXHIBIT No .3
Revised Syllabus of Courses of B.Com. (Accounting and Finance)
Programme at Semester VI
with effect from the Academic Year 2019 -2020
Elective Courses (EC)
Taxation - Paper IV (Indirect Taxes – II)
Modules at a Glance
Sr.
No. Modules No. of
Lectures
01 Payment of Tax and Refunds 10
02 Returns 10
03 Accounts, Audit, Assessment and
Records 10
04 Introduction to Customs Act, 1962 15
05 Procedures under Customs Act 15
Total 60
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1 Payment of Tax and Refunds
Computation of Tax Liability, Payment of Tax, Interest and other Amounts,
Interest on delayed Payment, TDS, TCS
Refund of tax, Refund in certain cases, Interest on delayed refunds
2 Returns
Types of Returns and Provisions relating to filing of Returns
3 Accounts, Audit, Assessment and Records
Accounts and other records, Period of retention of accounts, Electronic Way Bill
Self-Assessment, Provisional Assessment, Scrutiny of Returns, Assessment of
non-filers of Returns, Assessment of Unregistered person, summary assessment
in certain special cases, Audit by tax authorities, Special Audit.
4 Introduction to Customs Act, 1962
Introduction to customs law including Constitutional aspects
Levy of and exemptions from customs duties – All provisions including
application of customs law, taxable event, charge of customs duty, exceptions to
levy of customs duty, exemption from custom duty
Types of customs duties
Classification and valuation o f imported and export goods
5 Procedures under Customs Act
Import and Export Procedures – All import and export procedures including
special procedures relating to baggage, goods imported or exported by post,
stores
Provisions relating to coastal goods and vessels carrying coastal goods
Warehousing and Drawback
Note; Relevant Law/Statute/Rules in force and relevant Standards in force on 1st April
immediately preceding commencement of Academic Year is applicable for ensuing examination.