SKASC 2020

Programme Course Code Title

B.Com (A&F) 20CFU03 Taxation II

Preamble: To equip students with the principles and provisions of Goods and
Services Tax (GST)
Expected levelofoutput :Conceptual Level

Department offered : Commerce

Prerequisites :Knowledge in Higher SecondaryLevel

Course Outcomes:

After successful completion of this course, the students will be able to

Bloom’s
Course Skill Capstone
Description Taxonomy
Outcome Mapping Evaluation
Level
Able to understand the basic Tax
schemes, Computation of Tax Class
Understanding Conceptual
CO1 liability, Treatment of Interest of Presentation
Firms.

Able tp compute the Depreciation,

Minimum alternative tax and taxable Understanding Conceptual CIA
CO2 income of Companies.

Able to understand the benefits,

CO3 schemes, constitutional
Understanding Conceptual DIA
amendments, provisions for
amendments under GST

Able to compute the Input tax credit,

Class
CO4 Input service distributor, Input credit Remembering Technical
Presentation
adjustment

Able to compute the Tariff value,

CO5 customs value and payment of Apply Technical Model
custom duty.

246 UG - Commerce
 SKASC 2020

PO-CO Mapping:

PO1 PO2 PO3 PO4 PO5 PO6 PO7

CO1
CO2
CO3
CO4
CO5

Modular Assessment Code : I (Problem -

Concepts)

Inputs:

Text Instructional
Unit Description Chapter COs
Book Hours
Part 1
Assessment of Firms (Including LLP) A 2
1

Meaning of Partnership, Firm and Partners A 3 2

I

New Scheme of Taxation of Firms 1

Assessment of Firms (Section 184) 2

CO1

Computation of Firm’s Business Income A 4 3

Treatment of Interest, Commission,

2
Remuneration received by partners.

Part 1
Problems on Computation of tax liability A 2
1

Assessment of Companies A Part 2

247 UG - Commerce
 SKASC 2020

Introduction – Meaning of Company – Types

A 2 3
of Companies
II
Computation of Depreciation u/s 32 A 3
CO2
Computation of Taxable Income of Companies A 3

Minimum Alternative Tax (MAT) A 3

Introduction To Goods And Services Tax

A 3,4
(GST) 1
III
Objectives and basic scheme of GST A

Salient features of GST A 1

Subsuming of taxes A 2

Benefits of implementing GST A 2 CO3

Constitutional amendments A 2

Structure of GST (Dual Model) – Central GST

– State / Union Territory GST – Integrated A 2
GST

GST Council: Structure, Powers and

A 2
Functions. Provisionsfor amendments

IV Procedure and Levy under GST A 7,8

Definition- Goods and Services, Aggregate

turnover, Business, Place of business,
Person, Casual taxable person, Non-resident
person, Supply, Composite supply, Mixed 4
supply, Exempt supply, Outward supply, A 9
Principal supply, Place of supply, Supplier,
Manufacture, Input tax credit, Input service
distributor, Forward Charges, Reverse charge, CO4
Works contract, Adjudicating authority.

Scope of supply, Tax liability on Mixed and

Composite supply, Time of supply of goods Part 3
and services, Value of taxable supply,Inter- A 3
state supply, intra-state supply, Zero rates 2
supply,

Computation of taxable value and tax liability. A Part 4 5

248 UG - Commerce
 SKASC 2020

Input tax Credit: eligibility, apportionment,

Inputs on capital goods, Distribution of credit Part 5
by Input Service Distributor (ISD) - Simple A 3
Problems on valuation, payment of tax, Input 1,2
tax credit adjustment.

Customs Act

Meaning –Features-objective– Types of 4

A 3
Custom Duties – Valuation for Customs Duty
V CO5
Tariff Value – Customs Value – Methods of
A 4,5 4
Valuation for Customs

Problems on valuation and payment of

A 6,7 4
Custom Duty.

Revision 6
Total Hours 66

Note: 70% Problems, 30% Theory

CIA: 40 Marks; End Semester: 60 Marks

Text Books:
A. V.P. Gaur, D. B.Narang. Income Tax Law and Practice. Ludhiana: Kalyani Publishers.
B. B.B. Lal, N. VashistDirect Taxes. New Delhi: Dorling Kindersley (India) Pvt. Ltd., Licensees of
Pearson Education in South Asia.
C. Dr. Vinod K. Singhania, D. K. Direct Taxes law and Practice. New Delhi: Taxmann Publications
(P) Ltd.

References:

1. Sinhanai V.K. Students guide to Income Tax, New Delhi: Taxmann

2. Mehotra, H.C. and Goyal, S.P. – Income Tax Law and Practice, Agra, SahityaBhawan

Web References (Optional:

249 UG - Commerce
 SKASC 2020

Course Co-ordinators:Dr. SUDHA.K.M

BOARD CHAIRMAN

(SEAL & SIGNATURE)

250 UG - Commerce
 SKASC 2020

251 UG - Commerce