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Yes, you can go for B.Sc. IT after your 12th with commerce as eligibility criteria for pursuing B.Sc IT in most of the top universities is pass with 50% marks in 12th class and you might have to qualify some entrance test. It will be advisable if you do your degree from a well known university and that provides prime placement opportunity, outstanding exposure and professional enhancement training. I am enlisting some of the top universities for your help:
Symbiosis University, Lovely Professional University, Institute of Law, Kurukshetra University - Kurukshetra
K. L. E. Society's Law College
LJ Institute of Law-Ahmedabad
MS Ramaiah College of Law - Bangalore
Modi Law College-Laxmangarh, Rajasthan.

About TSM:
Staff discusses with us on selected Harvard cases, industrial visits, Rural Immersion Programme, Guest Lectures from various MNC companies. It has a lush green environment, decent food and hostel rooms.
Around 250 students, so less population in placement. Latest highest salary package: 14 lakhs CTC (Amazon) for marketing and operations. Placement for finance is little difficult on campus, you can try off campus.
About IBS, Hyderabad:
IBS, Hyderabad is a premier B-School, with the same Harvard School learning methodology. MBA in finance is very good here, Various companies like TCS, Tata Motors, JP Morgan CRISIL and other big names come to the campus for recruitment. A bit high population in placement so the positive thing in high competition is you learn more.
Make a wise selection and smart work is essential to handle MBA courses. Best of Luck!

Mridul,
The placement at NDIM has been consistently ranked amongst top 20 B-Schools in India for 3 years in succession by AIMA, Business Standard & Business World. A total of 320+ companies offered placements to 390+ students of PGDM 2014-16 Batch. Some of the recruiters were ABP News, Aditya Birla Group, American Express, Ameriprise, Asian Paints, Avon, Axis Bank, Bajaj Electricals, Baush & Lomb, Berger Paints, Bharti Paint, Bridgestone, Capital First, Castrol, Citi Bank, CNFC Media, Cafe Coffee Day, Copal Amba, Decathalon, Deloitte, Deutsche Bank, Ernst & Young, Exide, Godrej, HDFC Bank, Heinz, HT Media, Idea Cellular, ITC Ltd, iTV Network, JK Tyres, Johnson & Johnson, Kelloggs, Liberty, LT Foods, MTR Foods, Nestle, NIIT, Rediff, Reliance, S&P Capital IQ, SAR Group, Standard Chartered Bank, TATA Teleservices, Total Oil, WNS, Zomato, etc.
The faculty pool at NDIM is globally acknowledged and has remained associated with 19 international universities including eCornell University, Florida State University, Goerge Mason University, Indiana University, Carnegie Mellon University, London School of Economics, University of London, University of Edinburgh, Queens Elizabeth College, Oxford University, Leuphana University. Faculty at NDIM has strong industry background having worked with 201 Industrial/ Corporate houses and regularly training senior corporate leaders at Apollo Hospital, BSF, Bureau Veritas, ITBP, CISF, Global Logic, Honda Siel, Idemitsu Lube India, Jackson, Jindal Steel, etc.
All the best and feel free to ask any question.

Here is the list of top commerce colleges in Visakhapatnam:
1) Dr Lankapalli Bullaya College-44 New Resapuvanipalem Visakhapatnam, 5300130891, 2551198 www.Bullayyacollege.com, www.bullayyacollege.info
2) TSR and TBK Degree College, D.No.26402 Chinagantyada, NH-5 Gajuwaka, Visakhapatnam 5382800891, 2515657, vtsrtbk234@yahoo.co.in, tsrbk@rediffmail.com, www.tsrtbkcollege.com
3) St Anns College for WomenMalkapuram P.Ogajuwaka Visakhapatnam 5300110891, 25776740891 email@stannscollege.in
4) St. Xavier's Degree College, Visakhapatnam, Chinamushidiwada Pendurthi, Visakhapatnam 531 173 0891, 2763803, stxavierscollege@yahoo.com
5) Swamy Vivekananda Degree College, NH5 Road, Old Gajuwaka, Visakhapatnam 530026089