SEMESTER 3

CBCS- B Com Model 1- (All streams)

Core Course -7 CORPORATE ACCOUNTING - I

Objective : To make the students familiarise with procedure and accounts of corporate form of
organisation

(Note- The relevant provisions and forms as per Companies Act 2013 will apply)

Module 1 (Revised)
Accounting for Shares– Issue of shares- Procedure- Accounting entries- Forfeiture and re-issue -
Redemption of Preference Shares– ESOP-Rights Issue – Bonus Issue – Buyback of Shares ( 25
hours)

Module II
Underwriting of Shares and Debentures – Marked and Unmarked Applications – Firm Underwriting–
Determining the Liability of Underwriters in respect of an Underwriting Contract – Complete
Underwriting – Partial Underwriting – Firm Underwriting (10 Hours)

Module III
Final Accounts of Joint Stock Companies (Vertical form- As per provisions of Companies Act 2013)
– Preparation of Company Final Accounts including Balance Sheet – Calculation of Managerial
Remuneration- Profit (Loss) Prior to Incorporation (25 Hours)

Module IV
Investment Account – Cum-interest- Ex-interest- Cum-dividend- Ex-dividend- Accounting entries-
Preparation of Investment Accounts- Treatment of Bonus Share and Right Shares – Preparation of
Investment Accounts (15 Hours)

Module V
Insurance claims- Loss of stock- computation of claim for loss of stock- Application of average
clause- elimination of abnormal/defective items – Loss of profit policy- Calculation of claim-
(15 Hours)

Suggested Readings

1. Jain, S.P., & Narang, K.L. , Advanced Accountancy, Kalyani Publishers, New Delhi
2. Maheswari, S.N & Maheswari, S.K., Advanced Accounting, Vikas Publishing House, New Delhi
3. Shukla, M.C., & Grewal, T. S., Advanced Accountancy S. Chand and Company Pvt. Ltd,
New Delhi
4. Shukla, S.M., & Gupta, S.P., Advanced Accounting, Sahitya Bhavan Publications, Agra
5. Raman B S Corporate Accounting United Publishers
6. MA Arulanandam and KS Raman, Advanced Accountancy, Himalaya Publications, Mumbai.
7. The Chartered Accountant (Journal), Institute of Chartered Accountants of India, New Delhi.
 SEMESTER 3

CBCS- B Com Model 2- (All streams)

Core Course -7 CORPORATE ACCOUNTING - I

Objective : To make the students familiarise with procedure and accounts of corporate form of
organisation

(Note- The relevant provisions and forms as per Companies Act 2013 will apply)

Module 1 (Revised)
Accounting for Shares– Issue of shares- Procedure- Accounting entries- Forfeiture and re-issue -
Redemption of Preference Shares– ESOP-Rights Issue – Bonus Issue – Buyback of Shares ( 20
hours)

Module II
Underwriting of Shares and Debentures – Marked and Unmarked Applications – Firm Underwriting–
Determining the Liability of Underwriters in respect of an Underwriting Contract – Complete
Underwriting – Partial Underwriting – Firm Underwriting (8 Hours)

Module III
Final Accounts of Joint Stock Companies (Vertical form- As per provisions of Companies Act 2013)
– Preparation of Company Final Accounts including Balance Sheet – Calculation of Managerial
Remuneration- Profit (Loss) Prior to Incorporation (20 Hours)

Module IV
Investment Account – Cum-interest- Ex-interest- Cum-dividend- Ex-dividend- Accounting entries-
Preparation of Investment Accounts- Treatment of Bonus Share and Right Shares – Preparation of
Investment Accounts (12 Hours)

Module V
Insurance claims- Loss of stock- computation of claim for loss of stock- Application of average
clause- elimination of abnormal/defective items – Loss of profit policy- Calculation of claim-
(12 Hours)

Suggested Readings

1. Jain, S.P., & Narang, K.L. , Advanced Accountancy, Kalyani Publishers, New Delhi
2. Maheswari, S.N & Maheswari, S.K., Advanced Accounting, Vikas Publishing House, New Delhi
3. Shukla, M.C., & Grewal, T. S., Advanced Accountancy S. Chand and Company Pvt. Ltd,
New Delhi
4. Shukla, S.M., & Gupta, S.P., Advanced Accounting, Sahitya Bhavan Publications, Agra
5. Raman B S Corporate Accounting United Publishers
6. MA Arulanandam and KS Raman, Advanced Accountancy, Himalaya Publications, Mumbai.
7. The Chartered Accountant (Journal), Institute of Chartered Accountants of India, New Delhi.
 SEMESTER 3

CBCS- B Com Model 3- (All streams)

Core Course -7 CORPORATE ACCOUNTING - I

Objective : To make the students familiarise with procedure and accounts of corporate form of
organisation

(Note- The relevant provisions and forms as per Companies Act 2013 will apply)

Module 1 (Revised)
Accounting for Shares– Issue of shares- Procedure- Accounting entries- Forfeiture and re-issue -
Redemption of Preference Shares– ESOP-Rights Issue – Bonus Issue – Buyback of Shares ( 25
hours)

Module II
Underwriting of Shares and Debentures – Marked and Unmarked Applications – Firm Underwriting–
Determining the Liability of Underwriters in respect of an Underwriting Contract – Complete
Underwriting – Partial Underwriting – Firm Underwriting (10 Hours)

Module III
Final Accounts of Joint Stock Companies (Vertical form- As per provisions of Companies Act 2013)
– Preparation of Company Final Accounts including Balance Sheet – Calculation of Managerial
Remuneration- Profit (Loss) Prior to Incorporation (25 Hours)

Module IV
Investment Account – Cum-interest- Ex-interest- Cum-dividend- Ex-dividend- Accounting entries-
Preparation of Investment Accounts- Treatment of Bonus Share and Right Shares – Preparation of
Investment Accounts (15 Hours)

Module V
Insurance claims- Loss of stock- computation of claim for loss of stock- Application of average
clause- elimination of abnormal/defective items – Loss of profit policy- Calculation of claim.
(15 Hours)

Suggested Readings

1. Jain, S.P., & Narang, K.L. , Advanced Accountancy, Kalyani Publishers, New Delhi
2. Maheswari, S.N & Maheswari, S.K., Advanced Accounting, Vikas Publishing House, New Delhi
3. Shukla, M.C., & Grewal, T. S., Advanced Accountancy S. Chand and Company Pvt. Ltd,
New Delhi
4. Shukla, S.M., & Gupta, S.P., Advanced Accounting, Sahitya Bhavan Publications, Agra
5. Raman B S Corporate Accounting United Publishers
6. MA Arulanandam and KS Raman, Advanced Accountancy, Himalaya Publications, Mumbai.
7. The Chartered Accountant (Journal), Institute of Chartered Accountants of India, New Delhi.
 SEMESTER 3

CBCS- B Com Private- (All streams)

Core Course -7 CORPORATE ACCOUNTING - I

Objective : To make the students familiarise with procedure and accounts of corporate form of
organisation

(Note- The relevant provisions and forms as per Companies Act 2013 will apply)

Module 1 (Revised)
Accounting for Shares– Issue of shares- Procedure- Accounting entries- Forfeiture and re-issue -
Redemption of Preference Shares– ESOP-Rights Issue – Bonus Issue – Buyback of Shares ( 25
hours)

Module II
Underwriting of Shares and Debentures – Marked and Unmarked Applications – Firm Underwriting–
Determining the Liability of Underwriters in respect of an Underwriting Contract – Complete
Underwriting – Partial Underwriting – Firm Underwriting (10 Hours)

Module III
Final Accounts of Joint Stock Companies (Vertical form- As per provisions of Companies Act 2013)
– Preparation of Company Final Accounts including Balance Sheet – Calculation of Managerial
Remuneration- Profit (Loss) Prior to Incorporation (25 Hours)

Module IV
Investment Account – Cum-interest- Ex-interest- Cum-dividend- Ex-dividend- Accounting entries-
Preparation of Investment Accounts- Treatment of Bonus Share and Right Shares – Preparation of
Investment Accounts (15 Hours)

Module V
Insurance claims- Loss of stock- computation of claim for loss of stock- Application of average
clause- elimination of abnormal/defective items – Loss of profit policy- Calculation of claim.
(15 Hours)

Suggested Readings

1. Jain, S.P., & Narang, K.L. , Advanced Accountancy, Kalyani Publishers, New Delhi
2. Maheswari, S.N & Maheswari, S.K., Advanced Accounting, Vikas Publishing House, New Delhi
3. Shukla, M.C., & Grewal, T. S., Advanced Accountancy S. Chand and Company Pvt. Ltd,
New Delhi
4. Shukla, S.M., & Gupta, S.P., Advanced Accounting, Sahitya Bhavan Publications, Agra
5. Raman B S Corporate Accounting United Publishers
6. MA Arulanandam and KS Raman, Advanced Accountancy, Himalaya Publications, Mumbai.
7. The Chartered Accountant (Journal), Institute of Chartered Accountants of India, New Delhi.
 CBCS- B.Com Semester III
(2017 admission onwards)

Optional Core B Com- Regular- {Model 1(Finance and Taxation)

GOODS AND SERVICES TAX

Credit 4 Instructional hours 90

Course objective : To give the students a general understanding of the GST law in the
country and provide an insight into practical aspects of GST and equip them to become tax
practitioners.

Module 1 - Introduction to Goods and Services Tax

Introduction - Stages of Evolution of Goods and Services Tax - Methodology of GST –
Subsuming of taxes- constitutional background - Benefits of implementing GST- Structure of
GST- Central Goods and Services Tax - State Goods and Services Tax - UTGST - Integrated
Goods and Services Tax - Important concepts and definitions under CGST Act and IGST Act-
GSTN - HSN Code - SAC code - GST council – Structure, Power and Functions.
(Note- Following definitions- Aggregate turnover, Agent, Agriculturist, Business, Capital goods,
Taxable person, Casual taxable person, Non-Resident taxable person, Common Portal, E-
commerce, India, Composite supply, Mixed supply, Exempted supply, Outward supply,
Principal supply, Place of supply, Supplier, Goods, Services, output tax, Job work, Manufacture,
Input, Inward Supply, Input tax, Input tax credit, Person, Place of business, Reverse charge,
Works contract, , Export of goods / services, Import of goods / services, Intermediary, Location
of supplier of service, Location of recipient of service- Taxable territory, Non-taxable territory)
(15 hours)
Module 2 - Levy, Tax Collection and Reverse Charge Mechanism
Levy and Collection of Tax -Rates of GST- Scope of Supply - Composite and Mixed Supplies
,E-commerce under GST regime- Liability to pay tax, Reverse Charge Mechanism- Composition
Scheme of Levy-Value of taxable supply- Interstate supply-Intra state supply – Computation of
GST in different situations (15 hours)
Module3- Concept of time and place of supply & Import and Export
Time of supply- Place of supply- Significance- Time and place of supply in case of intra state
supply, interstate supply and import and export of goods and services
(10 hours)

Module 4- Input Tax Credit & Payment of GST

Cascading Effect of Taxation- Benefits of Input Tax Credit- Manner of claiming input tax credit
in different situations - Computation - Input service distribution - Computation - Recovery of
Credit - Reversal of credit - Utilization of Input tax credit - Cases in which input tax credit is
not available - Tax Invoice - Unauthorised Collection of Tax - Credit Notes - Debit Notes -
Electronic Cash Ledger - Electronic Credit Ledger - Electronic liability ledger -,Manner of
payment of tax- Tax Deduction at Source - Collection of Tax at Source - Refunds
(25 hours)
Module 5 – Registration, Assessment and Other provisions
Registration - Persons Liable for Registration - Compulsory Registration - Deemed
Registration- Procedure For Registration - GSTIN - Amendment of Registration - Cancellation
of Registration - Revocation of cancellation - Furnishing Details of Supplies - Returns -
Accounts and Records- Forms for above – Assessment- An overview of various types of
assessment- Inspection of goods in movement- E way bills (25 hours)
(All the provisions in the Central GST, State GST and Integrated GST Acts and Rules
as amended up to date will be applicable)
Suggested Readings:

1) Indirect Taxes - Vinod K Singania,Taxmann’s Publications, New Delhi

2) Indirect Taxes - H.C Mehrotra, Sahitya Bhavan Publications, New Delhi
3) Illustrated Guide to Goods and Service Tax- C A Rajat Mohan- Bharat Publications
4) All About GST- V S Datey- Taxmann Publications.
5) Beginner’s Guide to GST- Dr Vandana Bangar and Dr Yogendra Bangar- Aadhya Prakashan
Banagar
6) Bare Act CGST
7) Bare Act SGST
8) Bare Act IGST
 CBCS- B.Com Semester III
(2017 admission onwards)

Optional Core B Com- Regular- Model 2(Finance and Taxation)

GOODS AND SERVICES TAX

Credit 4 Instructional hours 90

Course objective : To give the students a general understanding of the GST law in the
country and provide an insight into practical aspects of GST and equip them to become tax
practitioners.

Module 1 - Introduction to Goods and Services Tax

Introduction - Stages of Evolution of Goods and Services Tax - Methodology of GST –
Subsuming of taxes- constitutional background - Benefits of implementing GST- Structure of
GST- Central Goods and Services Tax - State Goods and Services Tax - UTGST - Integrated
Goods and Services Tax - Important concepts and definitions under CGST Act and IGST Act-
GSTN - HSN Code - SAC code - GST council – Structure, Power and Functions.
(Note- Following definitions- Aggregate turnover, Agent, Agriculturist, Business, Capital goods,
Taxable person, Casual taxable person, Non-Resident taxable person, Common Portal, E-
commerce, India, Composite supply, Mixed supply, Exempted supply, Outward supply,
Principal supply, Place of supply, Supplier, Goods, Services, output tax, Job work, Manufacture,
Input, Inward Supply, Input tax, Input tax credit, Person, Place of business, Reverse charge,
Works contract, , Export of goods / services, Import of goods / services, Intermediary, Location
of supplier of service, Location of recipient of service- Taxable territory, Non-taxable territory)
(15 hours)
Module 2 - Levy, Tax Collection and Reverse Charge Mechanism
Levy and Collection of Tax -Rates of GST- Scope of Supply - Composite and Mixed Supplies
,E-commerce under GST regime- Liability to pay tax, Reverse Charge Mechanism- Composition
Scheme of Levy-Value of taxable supply- Interstate supply-Intra state supply – Computation of
GST in different situations (15 hours)
Module3- Concept of time and place of supply & Import and Export
Time of supply- Place of supply- Significance- Time and place of supply in case of intra state
supply, interstate supply and import and export of goods and services
(10 hours)

Module 4- Input Tax Credit & Payment of GST

Cascading Effect of Taxation- Benefits of Input Tax Credit- Manner of claiming input tax credit
in different situations - Computation - Input service distribution - Computation - Recovery of
Credit - Reversal of credit - Utilization of Input tax credit - Cases in which input tax credit is
not available - Tax Invoice - Unauthorised Collection of Tax - Credit Notes - Debit Notes -
Electronic Cash Ledger - Electronic Credit Ledger - Electronic liability ledger -,Manner of
payment of tax- Tax Deduction at Source - Collection of Tax at Source - Refunds
(25 hours)
Module 5 – Registration, Assessment and Other provisions
Registration - Persons Liable for Registration - Compulsory Registration - Deemed
Registration- Procedure For Registration - GSTIN - Amendment of Registration - Cancellation
of Registration - Revocation of cancellation - Furnishing Details of Supplies - Returns -
Accounts and Records- Forms for above – Assessment- An overview of various types of
assessment- Inspection of goods in movement- E way bills (25 hours)
(All the provisions in the Central GST, State GST and Integrated GST Acts and Rules
as amended up to date will be applicable)
Suggested Readings:

1. Indirect Taxes - Vinod K Singania,Taxmann’s Publications, New Delhi

2. Indirect Taxes - H.C Mehrotra, Sahitya Bhavan Publications, New Delhi
3. Illustrated Guide to Goods and Service Tax- C A Rajat Mohan- Bharat Publications
4. All About GST- V S Datey- Taxmann Publications.
5. Beginner’s Guide to GST- Dr Vandana Bangar and Dr Yogendra Bangar- Aadhya
Prakashan Banagar
6. Bare Act CGST
7. Bare Act SGST
8. Bare Act IGST
 CBCS- B.Com Semester III
(2017 admission onwards)

Optional Core B Com- Regular- Model 3 (Taxation)

GOODS AND SERVICES TAX

Credit 4 Instructional hours 90

Course objective : To give the students a general understanding of the GST law in the
country and provide an insight into practical aspects of GST and equip them to become tax
practitioners.

Module 1 - Introduction to Goods and Services Tax

Introduction - Stages of Evolution of Goods and Services Tax - Methodology of GST –
Subsuming of taxes- constitutional background - Benefits of implementing GST- Structure of
GST- Central Goods and Services Tax - State Goods and Services Tax - UTGST - Integrated
Goods and Services Tax - Important concepts and definitions under CGST Act and IGST Act-
GSTN - HSN Code - SAC code - GST council – Structure, Power and Functions.
(Note- Following definitions- Aggregate turnover, Agent, Agriculturist, Business, Capital goods,
Taxable person, Casual taxable person, Non-Resident taxable person, Common Portal, E-
commerce, India, Composite supply, Mixed supply, Exempted supply, Outward supply,
Principal supply, Place of supply, Supplier, Goods, Services, output tax, Job work, Manufacture,
Input, Inward Supply, Input tax, Input tax credit, Person, Place of business, Reverse charge,
Works contract, , Export of goods / services, Import of goods / services, Intermediary, Location
of supplier of service, Location of recipient of service- Taxable territory, Non-taxable territory)
(15 hours)
Module 2 - Levy, Tax Collection and Reverse Charge Mechanism
Levy and Collection of Tax -Rates of GST- Scope of Supply - Composite and Mixed Supplies
,E-commerce under GST regime- Liability to pay tax, Reverse Charge Mechanism- Composition
Scheme of Levy-Value of taxable supply- Interstate supply-Intra state supply – Computation of
GST in different situations (15 hours)
Module3- Concept of time and place of supply & Import and Export
Time of supply- Place of supply- Significance- Time and place of supply in case of intra state
supply, interstate supply and import and export of goods and services
(10 hours)

Module 4- Input Tax Credit & Payment of GST

Cascading Effect of Taxation- Benefits of Input Tax Credit- Manner of claiming input tax credit
in different situations - Computation - Input service distribution - Computation - Recovery of
Credit - Reversal of credit - Utilization of Input tax credit - Cases in which input tax credit is
not available - Tax Invoice - Unauthorised Collection of Tax - Credit Notes - Debit Notes -
Electronic Cash Ledger - Electronic Credit Ledger - Electronic liability ledger -,Manner of
payment of tax- Tax Deduction at Source - Collection of Tax at Source - Refunds
(25 hours)
Module 5 – Registration, Assessment and Other provisions
Registration - Persons Liable for Registration - Compulsory Registration - Deemed
Registration- Procedure For Registration - GSTIN - Amendment of Registration - Cancellation
of Registration - Revocation of cancellation - Furnishing Details of Supplies - Returns -
Accounts and Records- Forms for above – Assessment- An overview of various types of
assessment- Inspection of goods in movement- E way bills (25 hours)
(All the provisions in the Central GST, State GST and Integrated GST Acts and Rules
as amended up to date will be applicable)
Suggested Readings:

1. Indirect Taxes - Vinod K Singania,Taxmann’s Publications, New Delhi

2. Indirect Taxes - H.C Mehrotra, Sahitya Bhavan Publications, New Delhi
3. Illustrated Guide to Goods and Service Tax- C A Rajat Mohan- Bharat Publications
4. All About GST- V S Datey- Taxmann Publications.
5. Beginner’s Guide to GST- Dr Vandana Bangar and Dr Yogendra Bangar- Aadhya
Prakashan Banagar
6. Bare Act CGST
7. Bare Act SGST
8. Bare Act IGST
 CBCS- B.Com Semester III
(2017 admission onwards)

Optional Core B Com- Private (Finance and Taxation)

GOODS AND SERVICES TAX

Credit 4 Instructional hours 90

Course objective : To give the students a general understanding of the GST law in the
country and provide an insight into practical aspects of GST and equip them to become tax
practitioners.

Module 1 - Introduction to Goods and Services Tax

Introduction - Stages of Evolution of Goods and Services Tax - Methodology of GST –
Subsuming of taxes- constitutional background - Benefits of implementing GST- Structure of
GST- Central Goods and Services Tax - State Goods and Services Tax - UTGST - Integrated
Goods and Services Tax - Important concepts and definitions under CGST Act and IGST Act-
GSTN - HSN Code - SAC code - GST council – Structure, Power and Functions.
(Note- Following definitions- Aggregate turnover, Agent, Agriculturist, Business, Capital goods,
Taxable person, Casual taxable person, Non-Resident taxable person, Common Portal, E-
commerce, India, Composite supply, Mixed supply, Exempted supply, Outward supply,
Principal supply, Place of supply, Supplier, Goods, Services, output tax, Job work, Manufacture,
Input, Inward Supply, Input tax, Input tax credit, Person, Place of business, Reverse charge,
Works contract, , Export of goods / services, Import of goods / services, Intermediary, Location
of supplier of service, Location of recipient of service- Taxable territory, Non-taxable territory)
(15 hours)
Module 2 - Levy, Tax Collection and Reverse Charge Mechanism
Levy and Collection of Tax -Rates of GST- Scope of Supply - Composite and Mixed Supplies
,E-commerce under GST regime- Liability to pay tax, Reverse Charge Mechanism- Composition
Scheme of Levy-Value of taxable supply- Interstate supply-Intra state supply – Computation of
GST in different situations (15 hours)
Module3- Concept of time and place of supply & Import and Export
Time of supply- Place of supply- Significance- Time and place of supply in case of intra state
supply, interstate supply and import and export of goods and services
(10 hours)

Module 4- Input Tax Credit & Payment of GST

Cascading Effect of Taxation- Benefits of Input Tax Credit- Manner of claiming input tax credit
in different situations - Computation - Input service distribution - Computation - Recovery of
Credit - Reversal of credit - Utilization of Input tax credit - Cases in which input tax credit is
not available - Tax Invoice - Unauthorised Collection of Tax - Credit Notes - Debit Notes -
Electronic Cash Ledger - Electronic Credit Ledger - Electronic liability ledger -,Manner of
payment of tax- Tax Deduction at Source - Collection of Tax at Source - Refunds
(25 hours)
Module 5 – Registration, Assessment and Other provisions
Registration - Persons Liable for Registration - Compulsory Registration - Deemed
Registration- Procedure For Registration - GSTIN - Amendment of Registration - Cancellation
of Registration - Revocation of cancellation - Furnishing Details of Supplies - Returns -
Accounts and Records- Forms for above – Assessment- An overview of various types of
assessment- Inspection of goods in movement- E way bills (25 hours)
(All the provisions in the Central GST, State GST and Integrated GST Acts and Rules
as amended up to date will be applicable)
Suggested Readings:

1. Indirect Taxes - Vinod K Singania,Taxmann’s Publications, New Delhi

2. Indirect Taxes - H.C Mehrotra, Sahitya Bhavan Publications, New Delhi
3. Illustrated Guide to Goods and Service Tax- C A Rajat Mohan- Bharat Publications
4. All About GST- V S Datey- Taxmann Publications.
5. Beginner’s Guide to GST- Dr Vandana Bangar and Dr Yogendra Bangar- Aadhya
Prakashan Banagar
6. Bare Act CGST
7. Bare Act SGST
8. Bare Act IGST