Revised Syllabus of Courses of Bachelor of Management Studies
(BMS) Programme at Semester VI
with effect from the Academic Year 2018-2019
Elective Courses (EC)
Group A: Finance Electives
6.Indirect Taxes
Modules at a Glance
Sr. No. of
Modules
No. Lectures
1 Introduction to Indirect Taxation and GST 10
2 Concept of Supply 20
3 Registration and Computation of GST 20
4 Filing of Returns 10
Total 60
Objectives
SN Objectives
01 To understand the basics of GST
02 To study the registration and computation of GST
03 To acquaint the students with filing of returns in GST
Board of Studies-in-Business Management, University of Mumbai 70 | P a g e
Sr. No. Modules / Units
1 Introduction to Indirect Taxation and GST
A. Basics for Taxation - Direct Taxes and Indirect Taxes – Difference, Advantages and
Disadvantages, Sources and Authority of Taxes in India (Art 246 of the Indian Constitution)
B. Introduction to GST – Genesis of GST in India, Power to tax GST (Constitutional
Provisions), Extent and Commencement, Meaning and Definition of GST, Benefits of GST,
Conceptual Framework – CGST, IGST,SGST,UTGST, Imports of goods or services or both,
Export of goods or services or both, Taxes subsumed and not subsumed under GST.
C. Definitions – Goods ( 2(52) of CGST Act ), Services ( 2(102) of CGST Act ), Money ( 2(75) of
CGST Act ), Securities ( 2(101) of SCRA Act,1956), India( 2(56) of CGST Act ), Persons ( 2(84)
of CGST Act ),Taxable Person ( 2(107) of CGST Act ), Business ( 2(17) of CGST Act),
Consideration( 2(31) of CGST Act ), E- Commerce Operator ( 2(45) of CGST Act ),
Supplier(2(105) of CGST Act ),Recipient( 2(93) of CGST Act )
D. Levy and Collection of GST – Levy and Collection of CGST, IGST, SGST,UTGST (Sec 9 of
CGST Act), Composition Scheme under GST (Sec 10 of CGST Act), Power to Grant
Exemption (Sec 11 of CGST Act)GST Rate Schedule for Goods and Services.
2 Concept of Supply
A. Taxable Event Supply– Meaning and Scope of Supply (Section 7 Subsection 1, 2 and 3 of
Act) Schedule I, Schedule II, Schedule III, Composite and Mixed Supplies (Sec 8 of CGST
Act)
B. Place of Supply – Location of Supplier of Goods and Services, Place of Supply of Goods
(Sec 10, 11,12 and 13 of IGST Act), Special Provision for Payment of Tax by a Supplier of
Online Information Database Access Retrieval.
C. Time of Supply- Time of Supply (Sec 31 of CGST Act), Issue of Invoice by the Supplier (Sec
31 (1) and Sec 31(2)of CGST Act), Continuous Supply of Goods and Services, Goods Sent on
Approval (Sec 31(7) of CGST Act )
D. Value of Supply – Determination of Value of Supply (Sec 15 of CGST Act and CGST Rules
2017), Input Tax Credit (Sec 2(62) of CGST Act) Capital Goods (Sec 2(19) of CGST Act), Input
Sec 2(59) of CGST Act), Input Service (Sec 2(60) of CGST Act). Eligibility and Conditions for
taking Input Tax Credit (Sec 16 of CGST Act)
3 Registration and Computation of GST
A. Registration – Persons liable for Registration (Sec 22 of the Act), Persons not liable for
Registration, Procedure for Registration (Sec 25 of the Act), Deemed Registration(Sec 26 of
the Act), Special Provisions (Sec 27 of the Act), Amendment, Cancellation and Revocation
of Registration(Sec 28,Sec29and Sec 31 of the Act)
B. Computation of GST – Computation of GST under Inter State and Intra State Supplies.
C. Payment of Tax- Payment of Tax, Interest and other Amounts(Sec 49 of the Act), Interest
on delayed Payment (Sec 50 of the Act), TDS (Sec 51 of the Act), TCS (Sec 52 of the Act)
4 Filing of Returns
A. Documentation- Tax Invoices (Sec 31 and 32 of the Act), Credit and Debit notes(Sec 34 of
the Act), Electronic Way Bill
B. Returns –Types of Returns and Provisions relating to filing of Returns (Sec 37 to Sec 48 of
the Act)
Board of Studies-in-Business Management, University of Mumbai 71 | P a g e
