M.Com. DEGREE EXAMINATION, NOVEMBER 2017
Fourth Semester
Commerce
Elective — INDIRECT TAXES
(CBCS 2014 onwards)
Time 3 Hours Maximum 75 Marks
Part A (10 x 2 20)
Answer all questions.
1. Define Sale.
2. What do you know about the term "Baggage"?
3. State the special features of indirect tax.
4. What are capital goods?
5. What is "Margin of Dumping"?
6. What is advalorum duty?
7. State the meaning of TIN.
8. Write a few lines of customs duty.
9. What is excise duty?
10. Write a few lines on TAN.
Sub. Code
4MCO4E2
AFF-4814
2
Ws9
Part B x 5 25)
Answer all questions.
11. Discuss the canons of indirect taxation.
Or
What is meant by inter state sales?
12. What do you know about "place of
Explain.
Or
Brief the registration of service tax.
13. Detail the objectives of Customs Act.
Or
Bring out the historical background of Central
Excise Duty.
14. Mention any five services which are covered by
services tax.
Or
Narrate the objectives of Service Tax.
15. What do you mean CVD? Explain.
Or
Explain the concepts of goods under Excise Duty
Act.
AFF-4814
3
Ws9
Part C x 10 30)
Answer any three questions.
16. Detail the valuation methods under central excise.
17. State the significance of VAT.
18. Determine the central sales tax liability from the
following data when a sale is effected from Faridabad to
Lucknow:
Invoice no. 00708374
Basic price 3,00,000
Excise duty 12.5% ad valorem
CST as applicable under forms
Trade discount
Cash discount
Quantity supplied 10,000 kgs
Quantity rejected by buyer within 3 days of
delivery 1000 kgs
Quantity returned by buyer after 6 months of
dispatch 1000 kgs
19. Briefly discuss the service tax provisions relating to event
of management services.
20. Discuss different methods of valuation customs duty.
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