B.B.M Mangalore University-TAXATION:-ELECTIVE

BM-355/356: TAXATION:-ELECTIVE
PAPER-II(BT2) - BUSINESS TAXATION
Objective: To expose the students to the main provisions of various tax laws of the country.
UNIT I
Wealth Tax
Introduction
Deemed assets
Assets exempt from wealth tax
Computation of Net wealth and Wealth Tax 12 hrs.
UNIT II
Service Tax:
Meaning
Taxable services
Exemptions
Registration
Detailed discussion on selected 5 services
a) Mandap Keepers b)Careers Transport Operation
c) Catering Services d) Business Outstanding services
e) Professionals such as Chartered Accountants, Company Secretaries etc.
12 hrs.
UNIT III
Indirect Tax - introduction. distinction between direct and indirect taxes. Central Sales Tax Act 1956
a) Introduction
b) Principles for determining different categories of sales
c) Sales Tax liability d) Registration
e) Computation of Tax
Karnataka Value Added Tax 2003
a) Introduction b) Definition c) Registration
d) Maintenance of Accounts and Documents
e)Computation of turnover and Taxability
12 hrs.
UNIT IV
Central Excise Duty:
1. Nature, kinds, merits and demerits
2. Excitability and manufacture
3. Genera, procedures of Central Excise & Registration
4. CENV A T (Central value added Tax)
5. Valuation of Goods
6. Computation of Central Excise duty
UNIT V
Customers Act
1. Introduction 2. Definition
3. Tax liability and valuation of goods 4. Computation of customs duty
12 hrs
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Total 60 hrs