Indirect Tax Laws Question Paper 2024 [Gauhati University BCOM 6th SEM CBCS Pattern]

Answer either in English or in Assamese.

1. Answer the following questions as directed: 1×10=10

(a) VAT is a type of ____________ Tax. (Fill up the blank with appropriate word/ words)

(b) ____________ was the first country to introduce Value Added Tax System. (Fill up the blank with appropriate word/ words)

(c) Central Excise duty is levied and collected by ____________ (Fill up the blank with appropriate word/ words)

(d) Excise duty is a form of direct tax. (State whether this statement is 'True' or 'False')

(e) One of the objectives of the Customs Act, 1962 is to protect the domestic industries. (State whether this statement is 'True' or 'False')

(f) Prohibited goods cannot be exported. (State whether this statement is 'True' or 'False')

(g) IGST stands for ____________ Goods and Services Tax. (Fill up the blank with appropriate word/ words)

(h) India is the first country in the world to introduce dual GST. (State whether this statement is 'True' or 'False')

(i) At present, there are three tax slabs under GST for goods. (State whether this statement is 'True' or 'False')

(j) GSTIN is a ____________ digit alpha-numeric number. (Fill up the blank with appropriate word/ words)  

2. Answer the following questions: 2×5=10

(a) What is VAT?

(b) What is the meaning of 'Factory' under the Central Excise Act, 1944?

(c) What is the meaning of 'Manufacturer' under the Central Excise Act, 1944?

(d) Write any two objectives of implementation of GST in India.

(e) What is the meaning of 'Refund' under the GST Act?  

3. Answer any four questions: 5×4=20

(a) What do you mean by excisable goods?

(b) Explain the meaning of 'Anti-dumping Duty' as per Customs Law.

(c) Describe the various types of tax under Dual GST.

(d) Explain the threshold limits for registration under the GST Act.

(e) Briefly explain the persons who are not liable to registration under the GST Act.

(f) Briefly explain the advantages of GST to the consumers.  

4. Answer any four questions: 10×4=40

(a) Briefly describe the history of indirect taxes in India.

(b) Explain the basis of valuation of petroleum products for levy of excise duty.

(c) Explain the custom procedure for import of goods in India.

(d) Briefly explain the history of introduction of Goods and Services Tax in India.

(e) Briefly explain the salient features of Goods and Services Tax.

(f) Explain the procedure for registration under the Goods and Services Tax Act.

(g) Explain any five objectives of introduction of VAT.

(h) Explain the following terms as per the Customs Act, 1962. 5×2=10

(1) High Seas

(2) Territorial Waters