Revised Commerce Indirect Taxex

IMPORTANT NOTICE
The paper BCH-6.2” Indirect Tax” in the 6th semester of B.Com (Old B.com CBCS Syllabus)
is not in existence after implementation of Goods and Services tax in India, hence the revised paper
titled “GST & Indirect Tax” (New Common B.com CBCS Syllabus) in place of Indirect Tax
is to be taught to the current B.com students of 6th semester from the January 2020 onwards. All
colleges are hereby requested to incorporate the changes accordingly and teach the students as per
the new syllabus which is attached herewith.
In addition the paper BCH- 6.4 titled “Business Research Method and Project Work” carries
100 marks. As per the regulation of the syllabus, 50 marks for theory and 50 marks for the project
work have been assigned. Hence, all colleges are requested to teach theory part of this paper to the
students in the 6th semester for which written test will be conducted for 50 marks and ask the
students to prepare a project for 50 marks( 40 marks for project and 10 marks for Viva Voce)
The necessary information may kindly be communicated to the question setters

to set the questions as per the revised syllabus taught to the students. This is
very important.
B.Com. : Semester - VI
Paper- BCH-6.2: GST & Indirect Tax
Duration: 3 hrs. Marks: 100 (80+20)
OBJECTIVE:
The objective is to equip students with the principles and provisions of Goods and Services Tax
(GST), which is, implemented from 2017 under the notion of One Nation, One Tax and One
Market and to acquaint students with basic provisions of GST Law and basic working
knowledge.
Unit I- INTRODUCTION TO GOODS AND SERVICES TAX (GST)
Introduction to GST : Introduction, Constitutional provisions regarding Taxation In India, Pre-

GST Indirect Taxation Structure in India, What is GST, Need for GST in India, Overview and
Genesis of GST IN INDIA, GST objectives, Scope of GST, Salient features of GST, GST and
Centre-State Financial Relations, The Constitution (122nd Amendment) Bill, Constitutional
Amendments required for introduction of GST Indirect Taxes subsumed Post-GST : Principles
for subsuming taxes under Goods & Services Tax (GST) in India, Indirect Taxes and Levies
subsumed in GST, Events that have led to the introduction of GST, DUAL GST : Benefits of
Dual GST, Structure Of Dual Model of GST , Key Features of Dual Model of GST, Benefits of
implementing GST, CENTRAL GST – STATE / UNION TERRITORY GST – INTEGRATED
GST and GST Cess, Pre-GST Regime Vs. GST Regime, Indirect Taxes
Unit II- GST ACTS: (Structure & Terminology)
Salient features of CGST Act, SGST Act (Odisha State), IGST Act, Meaning and Definition of
various terms used under GST
PROCEDURE RELATING TO LEVY OF, COLLECTION AND EXEMPTION FROM,

TAX
PROCEDURE RELATING TO LEVY OF, COLLECTION AND EXEMPTION FROM, TAX:

(CGST & SGST)- Meaning and Scope of ‘Supply’ under GST Law, Taxable Person, Time of
supply, Place of supply and Value of supply. Computation of Taxable Value and Tax Liability,
Composition scheme; INPUT TAX CREDIT; PROCEDURE RELATING TO LEVY,
COLLECTION AND EXEMPTION OF IGST; PAYMENT OF TAX, TCS, TDS; PRACTICAL
PROBLEMS.
Unit III- REGISTRATION, RETURNS AND ASSESSEMENT
REGISTRATION - Persons liable for registration, Persons not liable for registration, Types:
Compulsory registration, Voluntary registration, Deemed registration - Procedure for registration,
Special provisions for Casual taxable persons and Non-resident taxable persons;
CLASSIFICATION OF GOODS & SERVICES- HSN, SAC; TAX INVOICE AND OTHER
SUCH INSTRUMENTS IN GST - Debit Note, Credit Note, Vouchers, Invoice; ACCOUNTS
AND RECORDS; RETURN- Process of Return Filing, Furnishing details of outward supplies and
inward supplies, First return, Claim of input tax credit, Matching reversal and reclaim of input tax
credit, Annual return and Final return; REFUND; OFFENCES AND PENALTIES;
ASSESSMENT; AUDIT; APPEALS AND REVISION.
Unit IV- GST Council AND REGULATORY FRAMEWORK
GST COUNCIL: Structure, Powers and Functions. Provisions for amendments; ROLE OF CBEC;
Division of Administrative Powers;
Unit- V GST AND TECHNOLOGY
GST Network, GST Eco System, GSP, ASP; National Anti-Profiteering Authority In GST
Compliance Rating
Text Books Recommended
✓ Swain AK & Agrawal – GST: Concepts and Applications, Himalayan Publishing

House.
✓ GST Manual:Taxman’s Publication Ltd., New Delhi.
Suggested Books:
✓ GST and Indirect Taxes,Sanjeet Sharma, V.K. Global Pub. Pvt. Ltd, New Delhi.
✓ Mishra, Padhi and Bera – Text Books on GST & Practice, Vikash Publishing House Pvt.
Ltd. New Delhi.
Controller of Examination
Utkal University, Vani Vihar
Bhubaneswar, Odisha-751004

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IMPORTANT NOTICE

The necessary information may kindly be communicated to the question setters

Unit I- INTRODUCTION TO GOODS AND SERVICES TAX (GST)

Introduction to GST : Introduction, Constitutional provisions regarding Taxation In India, Pre-

Unit II- GST ACTS: (Structure & Terminology)

PROCEDURE RELATING TO LEVY OF, COLLECTION AND EXEMPTION FROM,

PROCEDURE RELATING TO LEVY OF, COLLECTION AND EXEMPTION FROM, TAX:

Unit III- REGISTRATION, RETURNS AND ASSESSEMENT

Unit IV- GST Council AND REGULATORY FRAMEWORK

Unit- V GST AND TECHNOLOGY

Text Books Recommended

✓ Swain AK & Agrawal – GST: Concepts and Applications, Himalayan Publishing

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