B.Com. (Accountancy) Direct and Indirect Tax II Syllabus - Mumbai University 2026
This is the TY BCom Accountancy syllabus under NEP 2020, in force from the academic year 2026-27. The University clubbed this degree with B.Com., B.Com. (Business Economics) and B.Com. (Business Management) on 25 May 2026 and now awards it as B.Com. (Commerce and Management), with Accountancy as the Major: the papers below are the ones its own Board of Studies sets, so your exam form may name the degree differently from your admission letter.
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Syllabus for Direct and Indirect Tax - II
Module I: GST Registration Introduction and definitions
- What is GST
- Need for GST
- Dual GST Model
- Definitions Section 2(17) Business Section 2(13) 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
- Goods & Services Tax Network (GSTN)
- GST Council Registration, E-way bill and E- Invoice
- Persons not liable registration
- Compulsory registration
- Procedure for registration
- Deemed registration
- Cancellation of registration
- E-way Bill
- E-invoicing
Module II: Levy and Collection
- Scope of Supply
- Non-taxable Supplies
- Composite and Mixed Supplies
- Composition Levy
- Levy and Collection of tax
- Exemption from tax
Module III: Time , Place and Value of Supply Time of Supply
- Meaning and significance of time of supply
- Time of supply of goods under forward charge
- Time of supply of services under forward charge
- Time of supply under reverse charge mechanism
- Time of supply for additional charges, interest, late fee, and penalty
- Time of supply in case of change in rate of tax Place of Supply
- Meaning and importance of place of supply
- Place of supply of goods involving movement
- Place of supply of goods not involving movement
- Place of supply of goods imported into and exported from India
- Place of supply of services to registered persons
- Place of supply of services to unregistered persons
- Place of supply of services related to immovable property
- Place of supply of performance-based services
- Place of supply of transportation services Value of Supply
- Meaning and importance of value of supply
- Transaction value under GST
- Inclusions and exclusions in value of supply
- Treatment of discounts and subsidies
Module IV: Input tax credit, payment of tax and Computation of liability
- Eligibility for taking Input Tax Credit
- Apportionment of credit and Blocked credits
- Input Tax Credit in Special Circumstances
- Computation of Tax Liability and payment of tax
Reference Books
- 1 Bharat Law House. Indirect Taxes Containing GST, Customs, FTP & Comprehensive Issues by Mohd. Rafi (30th ed., 2025).
- 2 Gupta, V., & Gupta, N. K. Fundamentals of Goods & Services Tax. Bharat Law House.
- 3 GST Law and Commentary with Analysis and Procedures (10th ed., 2025) by Bimal Jain & A2Z Taxcorp LLP – a comprehensive multi-volume commentary on GST law and procedures.
- 4 GST Bare Act, 2017
Reproduced from the University of Mumbai syllabus for B.Com. (Accountancy) under NEP 2020, in force from the academic year 2026-27. Wording is as printed in that syllabus. Module numbering is as printed there too.
The complete syllabus
This subject is cut from the University circular for its year. Open a document here if you want the whole thing rather than a single subject.