INDIRECT TAX

QUSTION BANK

SECTION A

1. What do you mean by Tax?

2. What do you mean by direct tax?
3. What do you mean by indirect tax?
4. State any two types of direct and indirect tax.
5. Explain GST.
6. Define the term GST
7. What is CGST/SGST/IGST.
8. Expand CGST/SGST/IGST.
9. Name any two zero rated goods under GST.
10. Name the goods that is controlled under GST council (Petroleum Crude  High-Speed Diesel
 Motor Spirit  Natural Gas  Aviation Turbine Fuel)
11. When was GST introduced and when was it put in force?
12. What is time of supply?
13. What is value of supply?
14. What is place of supply?
15. How do you identify the place of supply?
16. Why value of supply is important to calculate?
17. What is cash/trade discount?
18. What is input tax credit?
19. What is composition scheme?
20. what is custom duty?
21. Name any two types of custom duty.
22. What is basic custom duty?
23. How is social welfare surcharge calculated?
24. What is anti dumping duties?
25. When is custom duty taxable?

SECTION B & C

1. Explain the different types of indirect tax. (write any 5 and explain)
2. Difference between direct and indirect tax.
3. Features of GST
4. What is the meaning of supply and explain its types of supply
5. State non-taxable supply of goods and services
6. State exempted goods and services under GST
7. How goods and services are treated under CGST&SGST or IGST?
8. What are the items included in the selling price while calculating transactional value?
9. List the items that are identified in custom duty which are inclusive. (items that have to be
added to FOB)
10. Explain export procedure
11. Explain import procedure.
12. List the provisions under forward charge for goods under GST.
13. List the provisions under reverse charge for goods under GST
14. List the provisions under forward charge for services under GST.
15. List the provisions under reverse charge for services under GST.

THESE ARE THE QUESTIONS THAT CAN BE EXPECTED

FOR THEROY CONCENTRATE ON UNIT 01, 02 AND 03.
PRATICAL QUESTIONS FROM UNIT - 03,04 AND 05

EXPECTED FORMAT:

SECTION A: (FROM ALL UNITS)

SECTION B: (FROM ALL UNITS) (ANY 4 WILL BE ASKED)

UNIT 01 – THEORY QUESTION
UNIT 02 - THEORY QUESTION
UNIT 03 - THEORY QUESTION/TIME OF SUPPLY/VALUE OF SUPPLY
UNIT 04 – ITC
UNIT 05 – CUSTOM DUTY

SECTION C: (FROM ALL UNITS) (ANY 4 WILL BE ASKED)

UNIT 01 – THEORY QUESTION
UNIT 02 - THEORY QUESTION
UNIT 03 - THEORY QUESTION /VALUE OF SUPPLY
UNIT 04 – ITC
UNIT 05 – CUSTOM DUTY