M.Com. DEGREE EXAMINATION, APRIL 2017
Fourth Semester
INDIRECT TAX LAW AND TAX PLANNING
(CBCS 2013 onwards)
Time 3 Hours Maximum 75 Marks
Section A x 3 15)
Answer all questions.
All questions carry equal marks.
1. State the applicable areas of Service Tax.
2. What are the records and returns required under Central
Excise?
3. Briefly describe the schemes of set off of duties under
central excise.
4. What are the provisions to value imported goods under
customs act?
5. What is the Tax implication under Intra state sales?
Section B x 10 50)
Answer all questions by choosing either or
6. What do you mean by taxation? How is it different
from cash receipt method?
Or
Sub. Code
611404
RW-015
2
sp3
A service provider is having three offices at Fort,
Thane and Bandra having turnover of Rs. 8,50,000
Rs. 1,50,000 and Rs. 2,00,000 respectively. He
wants to claim benefit of threshold limits at each of
the three offices. Advise him.
7. Explain the assessment procedure under Central
Excise Act 1944.
Or
What are the Excisable goods? How it is valued?
8. What are the Valuation Mechanisms under excise?
Explain.
Or
What is the Scope of Central Excise Tariff? Explain
in detail.
9. Mr. Gupta imports 20 Quintals of packed food
Rs. 20 per kg. Customs duty imposed on it is 25%
and 16% of additional duty. Calculate the total
amount Mr. Gupta has to pay to the government, if
10% of the goods were pilfered. Assume that
education cess is charged on customs duty.
Or
What are the Preventive Methods for illegal export
of goods under Customs Act 1962?
10. State distinction and similarities between the
Central Excise Duty and Central Sales Tax.
Or
Explain the incidence of Sales Tax in the course of
Import and Export.
Section C x 10 10)
Compulsory
11. What are the important types of Indirect Taxes? Explain
in detail.
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