2 bttps:/www.mgkypontine.com 24/2324-21/2323 21/2322 ‘win. (HTT) er, 2021 B.Com. (Part-II) Examination, 2021 aay reac (defer) Siath Paper (Optional) B-[Goods & Service Tax (6.8.T.)] ‘gs: 100 [Maxime Marks: 100 ste: we wd aS Ree a Reet STE seat wee Are ng gate we B He atc ei 160 err rr hE grr we 3 were ot tres a 50 ere Note: Attempt question for Section A and Section 8 as directed. The answers to short questions should not exceed 150 words and the answer to long questions should not exceed 350 words each, 5 P.T.0. bups:/vww-mgkyponine com uoovouyjuodsyar'ssnaysdny, 2 bttps:/www.mgkyponline.com 21/2321-21/2323 WET / Section-A (erg rea me) (Short Answer Type Questions) ate: foe ote wet dy oer etre ‘Attempt any five questions. 1. thee 2, wort omar & ROT aT Mention the causes for adoption of G.S.T. 8x5=40 system 2, Rowdee ot Rite eI Explain the structure of G.S.T. 3, Awa, afte as wel oh eee Explain the functions of GST Counc 4. gf et What is “Composite Supply’? 5. Red erat ah cen a rer Bh on a et fer Roa arent? How time of supply in case of reverse charge: is determined? 6 bhups:/vww-mgkypontine.eom 2 2bttps:/www.mgkyponline.com 21/2521-21/2923 66. mame pe Fer we aft eh ah her Pen mae? Which types of the items are included in Trensation value? 7. ge dar Re a aren arch A ae Pe What are the restrictions in claiming input tax credit? 8, feove an zeta owen afer 8? What is the procedure for claiming refund? 9. ahem Retort Pret oh se a -e Explain the features of Best Judgement Assessment. 10. age dae dike ae Be What is Input Tax Credit? 11, ontfier edin ad) eat A Rede BE Explain the conditions for composition scheme. 7 PTO. bhups:/vww-mgkypontine.eom armas bttps:/www.mgkyponline.com 24/2321-21/2323 12, fae he" ed Be te” wr ae grea BP What is meant by a ‘Debit Note’ and ‘Credit Note’? WET / Section-B caf sata (Long Answer Type Questions) ae: Rett ad rel done dBi ‘Answer any two questions. 30x2=60 A, Weaes ee simeaes ase & der ae ara 2? Ht aa Byer tee ed sree at TE] What Is the difference between Direct and Indirect Tax? Explain the solient features and need of GST. 2. Cost w sosT 4 sek we Bf GST Network a2 8? GSTN arr ahs et Ha ea eset fot ona & Differentiate between CGST and SGST. What is GST Network? What functions and bhups:/awww-mgkvponli ayturvanaysdnysmn = bttps:/www.mgkyponline.com 24/2321-21/2323 services are performed by GSTN. or ek ce 8 Par Gs ae ce an Peo se ree Rv en 87 What is the meaning of Supply? How would ‘the tax liability be determined in case of mixed supply? 2B crx ws fer gaia & at Fe aH after ert war ats 50 Re, 2019 ah eT, fh le Ft er es ah & 1. west 3 set a} tare act on Rais 1.88,000 2, a er er fe ae BY ae ees ag dea amquqe Bog 207,900 3. sept fon aces Sar ge er a 2% x ge ora ah Pearce € 4,25 at 4. FRAT as are dh emma ww Pf Bs quant 8580 3.2 ere arom Tt ° P10. bhups:/vww-mgkypontine.eom uoovouyjuodsyar'ssnaysdny, smn 1. Remuneration for bttps:/www.mgkyponline.com 24/2321-21/2323 5. ae of argh amet & fre wet oy ‘yeti Roar Fras fre 38 & 65,000 aR ser gm! ot apefre 9% 2,20,000 ar RUST SFT awratera & aera & wen ge seat a favem torr at Rafer Saree & wa ech a a eas aC Mr. Arvind is a civil engineer by profession providing various related services to Its clients for which he received the following, during the quarter ended 30 September, 2019 + drawing of building. %1,65,000 Drawing fees, deposited with Municipal Corporation for passing the drawings, later recovered from the clients. 2 2,07,300 10 bhups:/vww-mgkypontine.eom daar saysbttps:t/www mgkponline.com 21/2321-21/2323 3. Construction supervision service @ 2% of the cost of construction which amounts to €4.25 crore during the period, 4, He has construction building during the period at a cost of % 43 lakh and earned a profit of & 3.2 lakh on this work. biipsvwew.makyponline com 5. Valuation fees of & 85,000 received during the period, Mr. Arvind incurred an expenditure of % 2,20,000 for establishment of his office. Compute the value of taxable service as provided by Mr. Arvind, ren ter 35 cre Ft wre 3s asx Presheor Haren st Explain the various types of Assessment under GST Act. an PTO. bups:/www-mgkyponine com pyr anys https:4/www mgkyponline.com 21/2321-21/2323 6 Few, & rater ctr) fA wae 88-82 Rega ae a ere fos RR “iter fe fsa ot arm #2 What are the types of registration under GST? Explain under what circumstance Cancellation of registration may be effected? ‘bps:/www.mgkypontine.com ‘Whatsapp @ 9300930012 ‘Send yonr old paper & get 10:- sre ge td AS ae 10 eo, Pam or Google Pay 32 bups:/avww mgkvponli