Total No. of Questions—7] [Total No. of Printed Pages—4
Seat
No.
P.G. DIPLOMA IN TAXATION EXAMINATION, 2018
INDIRECT TAXES—STRUCTURE AND PROCEDURE
(Central Excise and Service Tax)
Paper IV
Time Three Hours Maximum Marks 100
N.B. Q. Nos. 6 and 7 are compulsory.
(ii Attempt any three questions from Q. No. 1 to Q. No. 5.
(iii Figures to the right indicate full marks.
1. When is it obligatory to get registered under Central Excise Act
1944 Explain registration procedure under. Briefly enumerate categories
of persons/premises exempted from obtaining registration.
2. Explain the concept of valuation of taxable services under section
67 of Service Tax Law. How is the value determined if consideration
is not ascertainable
Determine service tax liability if the service has been provided
in the month of December, 2016
Mr. X provides taxable services to Mr. Y valuing 20,00,000
(Exclusive of service tax and SBC).
(ii Mr. A provides taxable services to Mr. B for which he
charges 15,00,000 (inclusive of tax).
(iii Lawany beauty parlour provided treatment service client
paid 1,500 in cash and hair dryer valuing 2,500.
P.T.O.
2
Mr. A provides taxable service to Mr. B valuing 15,00,000.
He has incurred travelling expenses of 1,00,000 for provision
of service reimbursed by Mr. B (amount exclusive service
tax and SBC).
3. How the 'taxable turnover' determined under CST ACT 1956
How is the 'liability to pay tax computed Enumerate various
forms and declarations for concessional rate of tax under CST
Act 1956.
4. State the various provisions in respect of the following under
M VAT Act 2002
Registration under M VAT Act
(ii Provision for levy of tax
(iii Audit provisions
Composition schemes.
5. Write short notes
Daily Stock Account and Account Current
(ii Interest and penalty provisions under M VAT Act 2002
(iii Concept of 'Declared Goods' under CST Act.
Concept of 'Bundled Service'. Principles for classification of bundled
service.
6. How will the assessable value under the subject transaction
be determined u/s 4 of the Central Excise Act 1944
3 P.T.O.
Contracted sale price delivery at buyer's premises 9,00,000
The contracted sale price includes the following elements of
cost
Cost of drawing and designs 4,000
(ii Cost of primary packing 3,000
(iii Excise Duty 1,11,200
VAT VAT Tax) 37,000
Octroi 9,500
Freight/insurance from factory to place of removal 20,000
(vii )Actual Freight/Insurance from place of removal
to buyer's premises 42,300
Give reasons with assumptions where it is necessary.
B. Ltd. manufacturing two products namely eye ointment and
skin ointment which are specified products u/s 4A of Central
Excise Act. The sale price of eye ointment at 43 per unit,
skin ointment 33 per unit. The sale price of both the products
include 12.5% excise duty as BED and includes C.S.T. of 2%.
Additional informations are as
Units cleared Eye ointment 1,00,000 units
Skin ointment 1,50,000 units
Deductions permissible u/s 4A 40%
Calculate the total excise duty liability of B Ltd. on both the
products.
4
7. M/s SHAM TRADER's a registered dealer uner M. VAT Act
furnishes the following details of sales for the month of March,
2017
Sale of exempted goods (Sch. 1,50,000
(ii Sale of goods by notification 90,000
(iii Sale of schedule goods tax 5,00,000
Sale of goods tax rate 12.5% 2,00,000
Details of purchases are as follows
Net Amt. of Purchases Rate of Tax
1,50,000 Tax Free
(ii 10,00,000
(iii 5,00,000 12.5%
You are required to compute
Taxable turnover of sales
(ii Tax payable.
M/s AKASHAY DEPT. STORES submits details of sales for
the period 01-04-2017 to 30-09-2017 as
Sold taxable goods 12.5% 2,50,000
(ii Sold Schedule goods 2,00,000
(iii Sold Schedule goods 1,50,000
Details of purchases are as
Purchase of schedule goods 1,75,000
(ii Purchase of schedule goods 1,35,000
(iii Purchase of goods 12.5% 2,40,000
Discuss liability for registration. Provide list of documents to
be attached with application for registration.