DISTANCE EDUCATION
M.B.A(CS) DEGREE EXAMINATION, MAY 2017.
Third Semester
INDIRECT TAXES
(Upto 2012 2013 Academic Year and 2013 Calendar Year)
Time Three hours Maximum 100 marks
SECTION A — 8 40 marks)
Answer any FIVE questions.
1. State the features of indirect taxes.
2. Write a note on Major reforms in indirect taxation.
3. What are the basic ingredients of SRP of clearance of
goods under Central Excise?
4. Differentiate MODVAT from CENVAT.
5. State the services in respect of which service tax is
payable?
6. What is the purpose of the powers of prohibition in
matters of import and export?
7. What are the owner's rights to deal with warehoused
goods?
8. What points an applicant should consider before applying
for registration as a dealer?
Sub. Code
34
DE-431
2
wk16
SECTION B — × 15 60 marks)
Answer any FOUR questions.
9. Explain the various types of excise duty leviable under
the Excise Act.
10. Discuss the law relating to valuation of excisable goods
for the purpose of charging excise duties.
11. What are the objectives as VAT? Explain also the
advantages of VAT.
12. Explain the various modes of assessment under service
tax.
13. Explain the relevance of the duty drawback scheme.
State the type of transactions entitled for duty drawback.
14. Explain the following
Inter State sales;
Intra State sales;
Sale in the course of import; and
Deemed sales.
15. Define taxable turnover. How is it ascertained?