Indirect Tax Laws Question Paper 2023 [Gauhati University BCOM 6th SEM CBCS Pattern]

Indirect Tax Laws Question Paper 2023
Gauhati University BCOM 6^th SEM CBCS Pattern

COMMERCE (Honours Core)

Paper: COM-HC-6026

Full Marks: 80

Time: 3 hours

The figures in the margin indicate full marks for the questions.

1. (A) Choose the correct answer: 1x5=5

(i) Which of the following is not correct with regard to GST?

(a) It is a value added tax.

(b) It is a destination based tax.

(c) It is collected at multiple stages.

(d) Only Central Government is authorised to collect this tax.

(ii) Which of the following will not be charged to GST?

(a) Jewellery.

(b) Electronic goods.

(c) Alcoholic liquor for human consumption.

(d) LIC Policy.

(iii) Which of the following is correct with regard to IGST?

(a) It is levied by the State Governments.

(b) It is sum total of CGST and SGST/UGST.

(c) It is levied on intra state supply.

(d) All of the above.

(iv) Which of the following Acts specifies the rates of custom duties?

(a) The Custom Act, 1962.

(b) The Custom Tariff Act, 1975.

(c) The Central Excise Act, 1944.

(d) None of the above.

(v) Assam VAT Act, 2003 came into force on:

(a) July 1, 2017.

(b) September 16, 2016.

(c) May 1, 2005.

(d) April 1, 2003.

(B) Fill in the blanks:                                        1x5=5

(i) The final burden of every indirect tax falls upon the _______.

(ii) One can say GST, a revised edition of _______.

(iii) _______ was the first country which introduced VAT.

(iv) India adopts _______ GST model.

(v) Goods become liable to _______ when there is import into or export from India.

2. Answer the following questions:                           2x5=10

(a) What is valid contract of sale under Sale of Goods Act, 1930?

(b) Write any two features of integrated GST.

(c) What do you mean by excisable goods?

(d) Define the term ‘Territorial Waters of India’.

(e) Write two objectives of GST implementation in India.

3. Answer any four questions:                                    5x4=20

(a) Prepare a list of taxes subsumed under GST.

(b) How is GST a destination based tax? Explain with illustration.

(c) Write any five limitations of excise duty.

(d) Name the goods which remain out of purview of VAT.

(e) Write about the constitutional provisions for formation of GST Council.

(f) Explain in brief the different types of custom duties.

4. Answer any four of the following questions:       10 x 4=40

(a) Describe in brief the history of GST in India.

(b) Discuss the shortcomings of old regime of indirect taxes.

(c) Describe in brief the reasons for introduction of GST in India.

(d) Distinguish between GST and VAT.

(e) Enumerate the need of enacting the state and union territory legislations for GST.

(f) Write the meaning of excise duty. Evaluate the position of excise duty in new tax regime of indirect taxes. 2+8=10

(g) Define the following terms under the Customs Act, 1962:        2x5=10

(i) Baggage.

(ii) Coastal Goods.

(iii) Exporter.

(iv) Imported Goods.

(v) Importer.

(h) Who are persons liable for obtaining registration under GST? Explain the procedure of obtaining registration under GST.  4+6=10

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