Profeenbre Renle

101081

Name..*s**soseseoeseeeeeeeeeoee*e*0o*0e*
C 20057 (Pages:3)
Reg. No.
MARCH 2022
DEGREE EXAMINATION,
SIXTH SEMESTER (CUCBCSS-UG)
B.Com.

Professional

6.3 BCP-INDIRECT TAX LAW AND PRACTICE

(2016-2019 Admissions)

Maximum 80 Marks
Time Three Hours

PartI

Answer all questions.

Each question carries 1 mark.

(A) Multiple Choice Questions:

notification issued under Section 11-1 in
goods of any description specified in the
relation to a specified area.

(b) Prohibited.
(a) Specified.
(c) Normal. (d) Notified.

2 The incidence of tax on tax is called-

(a) Tax Pyramiding. (b) Multiple tax.

(c) Tax Cascading. (d) Double taxation.

3 GSTR-7 contains details of:

(a) TDS. (b) TCS.

(c) Composition Tax. (d) Composite supply.

4 Goods and Service Tax is:

(a) Supply based.

(b) Consumption based.

(c) Both supply and consumption based.

(d) Tax on Turnover.

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5 is a fixed percentage on the value of the traded commodity.

(a) Anti- dumping duty. b) Specific tariff.

(c) Ad Valorem tariff. d) A compound tarif.

(5 x 1 5 marks)
(B) Fill in the blanks:

6 is used to identify
the services provided under GST.
-

has the power to determine the rate of tax on

goods and services.
8 is a rebates on customs and central excise
chargeable on any imported or excisable
materials used in the manufacture of
goods meant for export.
9 TAN refers to-

10 duty is imposed by the Central Government when a

to the country is paying the subsidy
exporters who are exporting goods to India.

(5x1 5 marks)
Part II

Answer any eight questions.

Each question 2 marks.
11 Define Place of Business.
12 What is Tax Pyramiding?
13 What is Input Tax Credit ?
14 What is
unaccompanied baggage ?
15 Define Mixed Supply? Give an example.
16 What is Revenue Neutral Rate
(RNR) ?
17 Whatis Electronic
Liability Register?
18 Explain the place of supply of Banking, Insurance and Financial services.
19 Inverted Duty Structure.

20 Discussthe general exemptions from customs duty.

(8x 2 16 marks))

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C 20057
3

Part III

Answer any six questions

Each carries 4 marks.

21 Statutory provisions relating to baggage.

Suo moto registration?
22 What is Suo moto registration? Explain the rules regarding
of assessment under customs Act.
23 Explain Valuation of goods for the purposes
non-resident taxable person.
24 GST Registration for casual taxable or

Note.
25 Distinguish between Debit Note and Credit
Provisional assessment is made?
26 What are the circumstances under which

27 Distinguish between Composite supply and Mixed supply.

28 What are the advantages of GST system ?

(6x 4 24 marks)

Part IV

Answer any two questions.

Each question carries 15 marks.

29 Which are the authorities under GST ACT?

Act.
30 Explain the provision of Compulsory registration under GST
31 What is Customs Duty ? Discuss the Methods for determining Customs duty.

(2 x 15 30 marks)

101081
C 1075 (Pages: 4) Name..

Reg. No.
SIXTH SEMESTER (cUCBC88-UG) DEGREE EXAMINATION
MARCH 2021

B.Com. Professional
6.3. BCP-INDIRECT TAX LAW AND PRACTICE

(2016 Admissions)
Time Three Hours Maximum: 80 Marks
Section A

Answer all questions.

Each question carries 1 mark.

I. Choose the Correct Answer:

1 In pre-GST regime, among the following, which indirect tax was levied by State
Government:

(a) Excise duty. (b) Customs duty.

(c) Service tax. (d) VAT.

2 Among the following, which Law was not part of GST implementation in India?
(a) Central Goods and Services Tax Act.

(b) Integrated Goods and Services Tax Act.

(c) Competition Act.

(d) Union Territory GST Act.

3 Who can opt composition scheme ?

(a) Intra state dealer. (b) Inter state dealer.

(c) Exporter. (d) Importer.

4 Return For Input Service Distributors:

(a) GSTR - 7. (b) GSTR - 6.

(c) GSTR-8. (d) GSTR-5.

5 Among the following, which is a taxable event for imported goods?

(a) Unloading of imported goods at the customs port.

(b) Entry into Indian territorial waters.

(c) Presentation of bill of entry.

(d) The goods cross the customs barrier.

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 C 1075

Fill in the blanks

6 Supply meant for Export/ to Special Economic Zone (SEZ) developer or a SEZ unit
unit isis tetreated
as

7 When the registered person makes a deposit towards tax, interest, penalty, fee or anv
other
amount, that amount gets credited into

8 The due date for filing GSTR-11 is

9 When the duty is determined on the basis of the value of the goods it is referred
to
as

10 Taxable event for exported goods is -

(10x 1= 10 marks)
Section B

Answer at least five questions.

Each question carries 4 marks.
All questions can be attended.
Overall Ceiling 20.

11 What are advantages of GST to Trade and Industry ?

12 What are the Criticisms against GST system?

13 Which are the schedules, as part of CGST Act 2017?

14 What is meant by 'Aggregate turnover" ?

15 When debit note is issued under GST ?

16 What are deemed exports?

17 What are Dutiable Goods?

18 What will be the value of the damaged or deteriorated goods, under Customs Laws?
19 What is the nature of Safeguard duty ?

20 What is the Taxable event for exported goods under customs

laws ?

(5x 4 20 marks)
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Seetion C

Answer at least four questions.

Each question carries 8 marks.
All questions can be attended.
Overall Ceiling 32.

21 What are Objectives of Taxation ?

22 State the rationale for GST in India.

23 State the Conditions for taking ITC.

24 How GST registration may be cancelled?

25 Which are the types of audit under GST?

26 When no duty is levied at the time of re-import ?

27 State Procedure for computation of Customs Duty on Imports.

vessel 7th February, and

28 An importer Imported some goods. Entry inwards granted to the on

the goods were cleared from Chennai port for warehousing on 8th February, after assessment.
The Bill of Entry was presented on 1st February for warehousing. Assessable value was
US $ 10000. Assume that no additional duty is payable. The goods were warehoused at Chennai

and were cleared from Chennai warehouse on 4th March. What is the duty payable while
warehouse 4th March ? Exchange rates and rate of
removing the goods from Chennai on

Customs duties are as follows

Particulars Date Exchange rate |Basic Customs

| declared by the CBE &C Duty

Date of submission of bill of

entry for warehousing 1st February Rs. 55/USD 10 %

Date of entry inwards granted|

to the vessel 7th February Rs. 59/USD 15 %

Date of clearance of goods

from warehouse 4th March Rs. 60/USSD 12 %

(4x 8 32 marks)

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Section D

Answer any one question.

The question carries 18 marks.

29 Explain different types of taxes levied under GST.

30 Which are the different returns under GST?
31 A machine was originally imported from Japan at Rs. 250 lakh in August 2017 on payment

of all duties of customs. The said machine was exported (sent-back) to supplier for repairs
in January 2018 and re-imported without any re-manufacturing or re-processing in October,

2018 after repairs. Since the machine was under warranty period, the repairs were
carried out free of cost. However, the fair cost ofrepairs carried out (including cost of material
Rs. 6 lakh) would have been Rs. 9 lakh. Actual insurance and freight charges (to and fro)
were Rs.3 lakh. The rate of basic customs duty is 10 % and rate of IGST in India on like article

is 12 %. Compute the amount of customs duty payable (if any) on re-import of the machine

after repairs. The ownership of the machine has not been changed during the period.

(1x 18 18 marks)