M.Com. (Semester III) (CBCS) Examination Nov/Dec-2018
TAXATION (Paper III)
Time: 2½ Hours Max. Marks: 70
Instructions: All questions are compulsory.
Figures to the right indicate full marks.
Q.1 Choose the alternatives given below. 14
GST is an example of
direct tax indirect tax
state level tax none of the above
The threshold limit for GST excluding hilly states and North Eastern states is
Rs.
10 Lakhs 15 Lakhs
20 Lakhs 25 Lakhs
GST is levied by government.
Central State
Union Territory None of the above
is the Chairman of GST council.
President of India Prime Minister of India
Finance Minister Governor of RBI
Taxable person under GST is discusses in Section
10 12
13 14
With the implementation of GST, has been abolished.
Wealth tax Income tax
Service tax None of the above
Provisions regarding eligibility of input tax credit under GST act are given in
section
18 19
15 22
Provisions of cancellation of registration are contained in section
29 13
24 25
GST facilities
segregation of all indirect taxes input tax audit
minimizing cascading effects all of the above
10) Compulsory registration under GST is done as per section
24 25
26 29
11) Once registration is done under GST, it can
never be cancelled be cancelled
be renewed every year be cancelled if return not filed
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12) Time of supply of goods has been defined under GST as per section
12 13
15 None of the above
13) Indirect taxes are paid by
manufacturer from his pocket
paid by wholesaler from his pocket
paid by seller from his pocket
paid by all of these, but burden is on consumer
14) GST is collected by
central government state government
local body none of the above
Q.2 Answer the following. 14
Explain the provisions regarding concept of 'supply' under GST.
What do you mean by 'composite scheme'? Explain with example.
Q.3 Answer the following. 14
Explain the features of indirect taxes.
Discuss the benefits of GST.
Q.4 What is Explain the need of GST along with its constitutional provisions. 14
OR
Explain the concepts of 'time of supply of goods' and 'time of supply of services'.
Q.5 Attempt any one of the following: 14
Explain the provision of registration under GST.
Who are the persons not liable to register for GST?
OR
Explain the progress of implementation of GST in India. Also give your opinion
about the problems faced in implementing GST from the point of view of traders.