1
LOYOLA COLLEGE (AUTONOMOUS), CHENNAI 600 034
M.Com.DEGREE EXAMINATION COMMERCE
THIRDSEMESTER APRIL 2018
16PCO3ES01- INDIRECT TAX
Date: 05-05-2018 Dept. No. Max. 100 Marks
Time: 09:00-12:00
SECTION A Answer ALL questions 10 x 2 20
How do you distinguish excise goods from non-excisable goods?
What is the condition for determining 'movability' under the Central Excise Act?
Whether duty is levied on the intermediate goods? Explain.
Identify the persons who are exempted from Registration under the Excise Act.
Bring out the significance of Customs Waters under the Customs Act?
Give the reasons for prohibiting the goods from import under the Customs Act.
Who are all Related Persons under Customs Act?
What is a bonafide baggage under Customs Act?
What is the meaning of 'activity' under Service Tax?
10) What is the role of a Chartered Accountant under the Service Act?
SECTION B Answer any FOUR questions 4 x 10 40
11) Explain why the Canon of Taxation is still adopted in framing rules on Taxation.
12) What is Harmonized System of Nomenclature? Explain the rules involved in it?
13) What is "transaction value" under Central Excise Act? How it is determined?
14) Give a brief account of the types of Duties under Customs Law.
15) What is the Value Added Tax? Explain its variants?
16) What are the activities included under the self-consumption of services? Are they taxed?
17) What is the Place of Provision of Services? How it is treated if the services are provided at more than one establishment?
SECTION C Answer any TWO questions x 20 40)
18) Explain the procedures relating to filing or return under Excise Law, e-filing, self assessment and provisional assessment.
19) Enumerate the General Interpretation Rules contained in the Central Excise Tariff Act.
20) Give a brief outline of provision of Service Tax pertaining to periodicity of filing of ST returns, e-filing of return, procedure for registration and penalty for delay furnishing of return.
21) Explain how the services are treated under the following with regard to Service Tax Services rendered by Government; services rendered by Department of Posts; Service by Foreign Diplomatic Mission; Services rendered by RBI and Services by a Charitable Trust.