AC- / / 2019

Item No-

RayatShikshanSanstha’s
KARMAVEER BHAURAO PATIL COLLEGE, VASHI.
NAVI MUMBAI
(AUTONOMOUS COLLEGE)
Sector-15- A, Vashi, Navi Mumbai - 400 703

Syllabus for T.Y.B.Com.Direct Tax

Program: B.Com.

Course: T.Y.B.Com. Direct & Indirect Taxes

(Choice Based Credit, Grading and Semester System

with effect from the academic year 2020‐2021)

Direct and Indirect Taxes Paper - I

 RayatShikshanSanstha’s

KarmaveerBhauraoPatil College Vashi, Navi Mumbai

Autonomous College
[University of Mumbai]

Syllabus for Approval

Sr.
Heading Particulars
No.
T.Y.B.Com. Direct &
1 Title of Course
Indirect Tax
Eligibility for
2
Admission
3 Passing Marks
Ordinances/Regulations
4
(if any)
5 No. of Years/Semesters One year/Two semester
6 Level U.G.
7 Pattern Semester
8 Status Revised
To be implemented
9 2020-2021
from Academic year
Preamble of the Syllabus:

The Bachelor in Commerce (B.Com.) is 3 years integrated degree Programme divided in 6

semesters. This is choice Based Credit and Grading System programme with 120 credits. The
different areas are covered in this degree programme, viz. Marketing, Accounting and Costing,
Business, Human Resource Management, Taxation, Business Economics, Business
Communication, Mathematics and Statistics and Environmental Science etc. This Programme is
intended to:

1. Recognize and understand the preparation of financial statements in accordance with accounting
statements.

2. Get equipped with knowledge of changing practices in marketing, Human Resource

Management, Advertising at local and global level.

3. Demonstrate an understanding of cost accounting methods to evaluate and project business

performance.

4. Experience the real world learning and application of skills through skills based courses.

5. Employ Critical thinking skills to analyze financial statements and financial data.

6. Make employable the students by providing different soft skills required for getting the jobs in
industry.

7. Provide the knowledge of Analytical tools and it’s use in solving business problems.

8. Get acquainted the understanding of the social and environmental issues through implementing
the projects if social relevance.

9. Enhance the research culture among students by taking up the research projects.

10. Making the students enrich by imbibing them a value education.

 Rayat Shikshan Sanstha’s
Karmaveer Bhaurao Patil College, Vashi
Three Years Full Time Under Graduate Programme.
Semester Pattern with Credit System Structure For Third Year
Se W T Tot
Course Type Course Title Cr. CE
m Course Codes L E al
Financial Accounting &
Discipline Specific
UGCOM501 Auditing Paper VII- Financial 4 4 40 60 100
Elective Course
Accounting
UGCOM502 Financial Accounting
Discipline Specific
&Auditing Paper VIII- Cost 3 4 40 60 100
Elective Course
Accounting
Discipline Related UGCOM503 Commerce V( Marketing )
3 3 40 60 100
Elective(DRE) Courses
UGCOM504.1 Marketing Research Paper I
V OR
UGCOM504.2 Export Marketing Paper I
Discipline Related
OR 3+
Elective(DRE) Courses 3+ 40 60 100
UGCOM504.3 Direct & Indirect Taxes Paper I 3
(any two) 3
OR
UGCOM504.4 Computer System &
Applications Paper I
Discipline Related UGBECO501 Business Economics V
4 3 40 60 100
Elective(DRE) Courses
20
UGCOM601 Financial Accounting &
Discipline Specific
Auditing Paper IX- Financial 4 4 40 60 100
Elective Course
Accounting
UGCOM602 Financial Accounting
Discipline Specific 3 4 40 60
&Auditing Paper X- Cost 100
Elective Course
Accounting
Discipline Related UGCOM603 Commerce VI (Human 100
3 3 40 60
Elective(DRE) Courses Resource Management )
Discipline Related UGCOM604.1 Marketing Research Paper II
VI Elective(DRE) Courses OR
(any two) UGCOM604.2 Export Marketing Paper II
OR 3+ 3+
40 60 100
UGCOM604.3 Direct & Indirect Taxes Paper II 3 3
OR
UGCOM604.4 Computer System &
Applications Paper II
Discipline Related UGBECO601 Business Economics VI
4 3 40 60 100
Elective(DRE) Courses
20

.
 Syllabus of Direct taxes

Sr. Modules No. of

No. Lectures

1 Basic Terms 04

2 Scope of Total Income & Residential Status 04

3 Heads of Income 24

4 Deduction from Total Income 04

5 Computation of Total Income for Individual 09

Total 45

Course Outcomes

Unit Title Learning Outcomes

Unit 1 The Learner will be able to:

1. Understand the basic concepts of taxations. (2)
Basic Terms
(Section 2, 3 and 4) 2. Identify different types of persons. (1)
3. Interpret the Assessment year and previous year. (3)
 4. Explain the meaning of Income. (2)
5. Define the term Capital Asset. (1)

The Learner will be able to:

1. Discuss the scope of total income. (1)

Unit 2 2. Explain different types to residents. (2)
3. Analyze the scope of income as per the type of residents. (2)
Scope of Total
4. Determine the conditions for Residential Status. (5)
income &
Residential Status 5. Compute the Residential Status of person for the particular
Assessment year. (4)
6. Comment on the Residential Status. (5)
7. Calculate the residential status. (4)

The Learner will be able to:

1. Understand the sources of Income. (2)
2. Distinguish the income from different sources. (2)
Unit 3 3. Apply the sections of Income Tax Act, 1961 to arrive at total income.
(3)
Heads of Income
4. Compute the income under different heads.(3)
(Section 14) 5. Classify the different sources of income under appropriate heads. (2)
6. Understand different terms relevant to the particular head of income.
(2)
7. Decide the income management under different scenarios.(4)
8. Suggest management and summarization of income.(5)
The Learner will be able to:
1. Explain the deductions as per Income Tax Act, 1961, under different
Unit 4 sections. (2)
Deductions from 2. Identify the deductions applicable on income as well as expense. (3)
3. Analyze the applicability of the deductions.(3)
Total Income
4. Compute the amount applicable for deductions. (4)
5. Decide the situation in which deductions are applicable.(5)
6. Suggest the savings techniques through deductions.(4)
7. Comment on the sources of tax free income. (5)
The Learner will be able to:
1. Explain the term total Income. (2)
Unit 5 2. Compute the total Income of an Individual. (3)
Computation of 3. Summarize the income from different heads. (2)
4. Comment on the total income of an Individual. (5)
Total Income for
5. Analyze the conditions under which appropriate deductions are
Individual applicable. (4)
6. Decide the strategies for tax management in accordance with the law.
(5)
*Note: [1]: Remembering, [2]: Understanding, [3]: Applying, [4]: Analyzing, [5]: Evaluating, [6]:
Creating
Sr. No. Modules / Units
1 Basic Terms
Assessee, Assessment, Assessment Year, Annual value, Business,
Capital Assets, Income, Person, Previous Year, Transfer
2 Scope of Total Income & Residential Status
Scope of Total Income (S: 5)
Residential Status (S: 6) for Individual assessee
3 Heads of Income (S: 14)
Salary (S: 15 to 17)
Income from House Properties (S: 22 to 27)
Profit and Gain From Business (S:28, 30, 31, 32, 35, 35D, 36, 37, 40, 40A 43B.
Capital Gains (S: 45, 48, 49, 50, 54, 54 EC) restricted to computation of Capital
gain on transfer of residential house property only
Income from Other Sources (S: 56 to S: 59)
Exclusions From Total Income (S: 10)
Exclusion related to specified heads to be covered with relevant head.eg. Salary,
Business Income, Capital Gain, Income from Other Sources
4 Deduction from Total Income

S 80 A, S 80C, 80CCC, 80D, 80DD, 80E, 80 U, 80 TTA

5 Computation of Total Income for Individual

Direct and Indirect Taxation Paper - II Goods and Service Tax Act

Modules at a Glance
Sr. Modules No. of
No. Lectures
1 Introduction 09
 2 Levy and Collection of Tax 09

3 Time, Place and Value of Supply 09

4 Input Tax Credit & Payment of Tax 09

5 Registration under GST Law 09

Total 45

Course Outcomes

Unit Title Learning Outcomes

The Learner will be able to:
6. Explain the meaning of Indirect tax. (1)
7. Explain the objectives of Indirect taxes. (1)
Unit 1 8. Enumerate the basic features of indirect taxes. (2)

Introduction 9. Understand the meaning of GST. (2)

10. Discuss the reasons for implementation of GST Laws. (4)
11. Compare the old and recent indirect taxes laws. (4)
12. Discuss the significant amendments made by Constitution.(4)
13. Explain the need for GST in India. (1)
The Learner will be able to:
Unit 2
8. Describe the provisions pertaining to levy and collection of tax. (2)
Levy and 9. Explain the extent and commencement of SGST Act, CGST Act, IGST
collection of Act & UTGST Act. (1)
10. Understand the Scope of Supply. (2)
tax
11. Identify the non-taxable supplies under GST. (3)
12. Differentiate between Composite and Mixed supplies. (4)
 13. Understand and analyze the Composition Levy. (2)
14. Analyze the eligibility and conditions for Composition Levy. (4)
15. Discuss the exemptions from GST.(4)

The Learner will be able to:

9. Apply the concepts relating to time of supply of goods and services in
Unit 3 problem solving. (3)
10. Understand the meaning of reverse Charge Mechanism.(2)
Time, Place
11. Discuss the place where the supply is to be considered for the purpose of
& Value of GST. (2)
Supply 12. Identify the time when the liability to pay GST arises under forward
charge as well as reverse charge mechanism. (4)
13. Identify various inclusions or exclusions from the value of supply. (4)
14. Compute value of supply under various situations.(3)
15. Understand the provisions related to value of Supply.(2)
The Learner will be able to:
1. Understand the meaning of Input Tax Credit. (2)
2. Explain the reasons and importance of Input tax credit.(2)
3. Describe the conditions for claiming Input tax Credit. (4)
Unit 4
Input Tax 4. Understand the provisions relating to Input Tax Credit. (2)
5. Identify the type of dealers who are eligible for claiming Input Tax credit.
Credit and
(3)
Payment of 6. Explain the procedure of claiming Input tax Credit. (2)
tax 7. Calculate the amount of Input tax Credit. (5)
8. State the Input tax Credit under Special circumstances. (4)
9. Compute the GST Liability. (3)
10. Discuss the procedure of payment of tax. (4)

The Learner will be able to:

7. Understand the persons liable for registration under GST Laws. (2)
8. State the conditions under which there is compulsory registration. (2)
Unit 5 9. Discuss the procedure for registration.(2)
10. Discuss the conditions under which a dealer is liable for compulsory
Registration registration.(2)
under GST 11. Explain the meaning of Casual taxable Person and the conditions for
registration for the same. (1)
Law
12. Explain deemed registration. (1)
13. Elaborate the circumstances under which the registration stands
cancelled. (4)
14. Explain the meaning of Aggregate turnover. (1)
 15. Compute the total taxable turnover under various circumstances. (3)
16. Understand the meaning of exclusive supply. (2)
17. Identify the inclusions and exclusions for the purpose of calculating the
aggregate turnover. (5)
18. Interpret the Special category states as specified under the GST laws. (4)
*Note: [1]: Remembering, [2]: Understanding, [3]: Applying, [4]: Analyzing, [5]: Evaluating, [6]:
Creating

Sr. No. Modules / Units

1 Introduction
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
Section 2 (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)
2 Levy and Collection of Tax
Scope of Supply
Non taxable Supplies
Composite and Mixed Supplies
Composition Levy
Levy and Collection of tax
Exemption from tax
3 Time, Place and Value of Supply
Time of Supply
Place of Supply
 Value of Supply
4 Input Tax Credit & Payment of Tax
Eligibility for taking Input Tax Credit
Input Tax Credit in Special Circumstances
Computation of Tax Liability and payment of tax
5 Registration under GST Law
Persons not liable registration
Compulsory registration
Procedure for registration
Deemed registration
Cancellation of registration

Evaluation Pattern

The performance of the learners shall be evaluated into two components viz. by Internal
Assessment with 40% marks in the first component and by conducting the Semester End
Examinations with 60% marks as the second component. The allocation of marks for the Internal
Assessment and Semester End Examinations are as shown below:‐

A) Internal Assessment – 40% 40 Marks

20 Marks mid-term test

20 Marks [Any Two activities of 10 marks each] Presentation/Group Discussion /Project/ Field
visit / Subject related Individual activity

Test Paper Pattern

Maximum Marks :20

Questions to be set 3

Q.No. 1 Choose the correct alternatives. (Any Five) (5 Marks.)

Q. No. 2 Answer in one sentence. (Any Five) (5 Marks.)

Q.No. 3. Answer the following. (Any Two) (10 Marks.)

B) Semester End Examinations – 60% 60 Marks

Question Paper Pattern

Maximum Marks: 60
Questions to be Set: 04
Duration: 2 Hrs.
All Questions are Compulsory Carrying 15 Marks each.

Q-1 Full Length Practical Question 15 Marks

OR
Q-1 Full Length Practical Question 15 Marks

Q-2 Full Length Practical Question 15 Marks

OR
Q-2 Fill Length Practical Question 15 Marks

Q-3 Full Length Practical Question 15 Marks

OR
Q-3 Full Length Practical Question 15 Marks

Q-4 Objective Questions* 15 Marks

(*Multiple choice / True or False / Match the columns / fill in the blanks)
OR
Q-4 Theory questions* 15 Marks
(*Short notes / short questions)

Note: Full length question of 15 marks may be divided into two sub questions of 08 and 07 marks.