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Home / Syllabus / B.Com. (Financial Management) / TY BCom FM / Semester 6 / Direct and Indirect Tax II Goods and Service Tax

B.Com. (Financial Management) Direct and Indirect Tax II Goods and Service Tax Syllabus - Mumbai University

This is the TY BCom FM syllabus under NEP 2020, in force from the academic year 2026-27. The University still sets the earlier Choice Based papers alongside it for ATKT candidates, so check which scheme your exam form names before you revise.

Direct and Indirect Tax - II Goods and Service Tax Syllabus.pdf
Major · Semester 6 · TY BCom FM · 4 credits · 100 marks

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Syllabus for Direct and Indirect Tax - II Goods and Service Tax

Major · Semester 6 · TY BCom FM · 4 credits · 100 marks

Module I: GST Registration

  • A. 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 B. 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

  • A. 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 B. 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 C. 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 Mehrotra, H. C., & Agarwal, V. P. (2020). Goods and Services Tax (G.S.T.). Sahitya Bhawan Publications.
  • 2 Rattan, J., & Krishan, A. (2025). Goods & Services Tax (GST) (5th ed.). Taxguru Publications.
  • 3 Textbook of GST & Customs Law. Sultan Chand & Sons (covers GST fundamentals plus Customs Law).
  • 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. (Financial Management) 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.

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