Saturday, January 18, 2020

Gauhati University Question Papers: Indirect Taxation (May-June'2019)

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
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.
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
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
Discuss the provisions under GST Act for amendment of registration and cancellation of registration.                      5+5=10

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