2019
INDIRECT TAXATION
The figures in the
margin indicate full marks for the questions
1. Answer the following questions as
directed: 1x10=10
a)
What is meant by Indirect Tax?
b)
CGST stands for _______ goods and service tax.
(Fill in the blank with appropriate word)
c)
All assessment under GST will be done by the
Central Government. (Write true or false)
d)
GST in India has been introduced from _______.
(Fill in the blank with correct answer)
e)
What is Input tax?
f)
An unregistered person can issue a tax invoice.
(Write true or false)
g)
A person without GST registration can claim
input tax credit. (Write true or false)
h)
The first two digits of the GSTIN is the _______
code. (Fill in the blank with appropriate word)
i)
What is intra-state supplied under GST Act?
j)
_______ input tax credit can be allowed as
refund under the GST law. (Fill in the blank with appropriate word)
2. Answer the following questions in brief: 2x5=10
a)
Mention two feature of GST in India.
b)
What is the quorum of GST council meeting?
c)
Write two contents of tax invoice.
d)
What is aggregate turnover?
e)
What is self assessment?
3. Describe briefly any four of the
following: 5x4=20
a)
Explain five advantages of GST to business.
b)
What are the taxes that have been subsumed by
GST?
c)
Explain different contents of credit note.
d)
How to calculate aggregate turnover?
e)
What are difference between Casual taxable
person and Non-resident taxable person?
f)
Mention the activities to be treated as supply
of goods.
4.
What is refund? Can unutilized input tax credit be allowed as refund? Also
mention the cases where refund will be made to the registered person instead of
crediting to the fund. 2+4+4=10
Or
Discuss
briefly the history of GST in India. 10
5.
Write short notes on the following as per GST Act: 21/2x4=10
a)
Goods.
b)
Services.
c)
Agent.
d)
Business.
Or
What
is Goods and Service Tax Network (GSTN)? Write the need to create GSTN. Also
explain the services rendered by GSTN. 2+3+5=10
6.
What is the eligibility for claiming Input Tax Credit? Explain the conditions
for claiming Input Tax Credit. 3+7=10
Or
What
is tax invoice? Mention the provisions of the AGST Act, 2017 relating to
availability of credit in special circumstances. 2+8=10
7.
What are the advantages of taking registration under GST Act? Mention persons
liable for registration. 5+5=10
Or
Discuss
the provisions under GST Act for amendment of registration and cancellation of
registration. 5+5=10
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