Reg.

No: _____________
Q.P. CODE: 19CCU22A
HINDUSTHAN COLLEGE OF ARTS AND SCIENCE (AUTONOMOUS)
B.Com MODEL EXAMINATIONS DECEMBER-2021
(Fifth Semester)
BRANCH: Computer Applications
Subject Name: Indirect Tax
Time: Three Hours Maximum: 70 Marks
SECTION - A (10x1=10 Marks)
Answer ALL Questions
ALL Questions Carry EQUAL Marks
GST Stands for K1
(a) Goods and Supply Tax (b) Government Sales Tax (c) Goods and Services
1 Tax (d) Good and Simple Tax
What are different types of supplies covered under the scope of supply? K1
2 (a) Supplies made with consideration (b) Supplies made without consideration
(c) Both of the above (d) None of the above
Which of the following taxes will be levied on Imports? K1
3 (a) CGST (b) SGST (c) IGST (d) None of the above
Is there any ceiling limit prescribed on the rate under IGST? K1
4 (a) 14% (b) 40% (c) 26% (d) 30%
Reverse charge under section 9(3) of the CGST Act is applicable: K1
5 (a) Only on notified services (b) Only on notified goods (c) On Notified goods
& services (d) On None of the above
ITC is eligible only when it is _____ K1
6 a) Credited to the electronic cash ledger b) Credited to the electronic credit
ledger c) Booked in the books of account d) All of the above
The main objective of GST implementation is ______________ K1
7

8 ___________ is levied on Intra-State Supply of goods and/or Services K1

GST Paid on purchase of goods Input Tax A/C should be debited (True/False) K1
9
GST will be levied on Manufacturers (True/ False) K1
10

SECTION - B (5x4=20 Marks)

Answer ALL Questions
ALL Questions Carry EQUAL Marks

K-Level
11 a) Describe the meaning and objectives of Indirect taxation K1 (OR)

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 b) State the special features of Indirect taxation K1

12 a) Explain the compulsory registration under GST K2 (OR)

b) Describe about GST Council K1

13 Classify composite and mixed supplies of goods under K2 (OR)

a)
GST

b) Write about the Exemption tax for GST K3

14 a) Enumerate Recovery and Reversal of credit in Input tax K1 (OR)

Explain the manner of distribution of credit by Input K2

b)
service distributor

15 a) Discuss about levy of and Exemption from customs Duty K2 (OR)

b) Differentiate between Transit and Transshipment K2

SECTION- C (5x08=40 Marks)

Answer ALL Questions
ALL Questions Carry EQUAL Marks
K-Level
16 a) Describe the structure of Goods and services tax K1 (OR)

b) Analyze the important concepts relating to GST K4

17 a) Explain the various types of Assessment under GST K3 (OR)

b) Discuss the registration procedure for GST K2

18 Differentiate between Inter State Supply and Intra State K4 (OR)

a)
Supply

b) Discuss about Reverse Charge Mechanism for GST K2

19 Categorize the eligibility and conditions for taking Input K4 (OR)

a)
tax Credit

Explain the Hierarchy of availing ITC of IGST, SGST and K3

b)
CGST

20 a) Discuss the types of duties under Customs Law K2 (OR)

b) Write about the valuation of Import and export goods under K3

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Customs Law

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