M.B.A. DEGREE EXAMINATION, APRIL 2017.
Fourth Semester
INDIRECT TAX LAWS
(CBCS 2014 onwards)
Time 3 Hours Maximum 75 Marks
Part A x 3 15)
Answer all questions.
All questions carry equal marks.
1. Enumerate the special feature of indirect taxation in
India.
2. Explain the bases for levy of excise duty?
3. Briefly specify the genesis and need for GST.
4. Discuss the procedure for warehousing of goods under the
Customs Act.
5. What do you mean by inter-state sale and intra-state
sale?
Part B 10 50)
Answer all questions choosing either or
All questions carry equal marks.
6. Explain the various reforms in Indirect tax system.
Or
Explain the merits and demerits of Indirect taxes.
Sub. Code
622704
RW-029
2
WS 20
7. Specify the kinds of excise duties.
Or
Bring out the procedure for assessment of goods
under Central Excise Act.
8. How do you levy the service tax for management of
services?
Or
What are the reasons for mooting out VAT in India?
9. Discuss the types of Customs duty.
Or
Why do they have duty draw backs?
10. Enumerate the registration formalities for dealers
under Sales Tax Act.
Or
Specify and state the need for various forms under
CST.
Part C x 10 10)
Compulsory.
11. Read the following case and answer the questions
M/s. XYZ company involved in manufacturing of tyre
tubes for car and Lorries in the states of TamilNadu,
Chattisgarh, Punjab and Rajasthan. The factory has the
same manufacturing capacity and transports the goods
throughout the country. A. Suggest how the company has
to gets itself B. What procedure the company has to carry
out to clear the goods from its factory C. Can the
company claim CENVAT credit? If so, specify how.
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