DEPARTMENT OF COMMERCE

MID-TERM EXAMINATION FEB-2018

BUSINESS TAXATION (CPZ4D)
II B.COM (G) IV-SEMESTER
Time: 3HRS
Marks:75MARKS

PART-A
ANSWER ANY TEN QUESTIONS (10X2=20)
1. What is direct tax?
2. What do you mean by excise duty?
3. What do you mean by custom duty?
4. Under what circumstances export duty is refundable?
5. Give examples of direct tax?
6. What is export duty?
7. Define tax?
8. What is the validity period for central excise registration certificate?
9. What are excisable goods?
10. What is meant by smuggling?
11. Expand the term TIN.
12. Define customs duty..
PART-B
ANSWER ANY FIVE (5X5=25)
13. What are the features of indirect taxes?
14. What are the merits and demerits of single tax system?
15. Explain the meaning of (a) specific tax (b) advolerum tax.
16. What are the principles of taxation?
17. What are the methods of valuation of customs?
18. Distinguish between excise and customs duty?
19. List out the services which are exempted from service tax.
PART-C
ANSWER ANY THREE (3X10=30)
20. Explain the various types of excise duty?
21. Explain the procedure for getting registration under the central excise act 1944.
22. State the goods prohibited under the customs act.
23. Who are the officers of customs and explain their powers. Explain the differences
between the dire
24. Explain the Merits & Demerits of Direct Taxation.
 MODEL EXAMINATION MARCH 2017
II B.Com (G) – BUSINESS TAXATION – BPZ4D
Time 3 Hrs Max.Marks-75
Section A (10*2= 20 Marks)
Answer any TEN Questions.
All questions carry equal Marks.

1. Define “Tax”
2. What is meant by indirect taxes?
3. What is central excise?
4. State the turnover up to which SSI units are eligible for SSI concession.
5. What is meant by basic customs duty? Define customs duty.
6. What is single tax system?
7. Who is a person?
8. What is Progressive tax?
9. What is service tax?
10. What is VAT?
11. What do you understand by ‘Declared goods’ under CST?
12. What is TIN?

Section B (5 x 5 = 25 Marks)
Answer any FIVE Questions.
All questions carry equal Marks.

13. What are the objectives of taxation?

14. Differentiate Direct tax and Indirect tax.
15. List out five items exempted from customs duty.
16. What are the kinds of excise duty?
17. Define the term: a) Goods b) Excisable goods under the central excise act
18. State the advantages and disadvantages of VAT.
19. Explain the salient features of central sale tax.

Section C (3 * 10 = 30 Marks)
Answer any THREE Questions.
All questions carry equal Marks.

20. Explain the different canons of taxation.

21. Explain the various types of excise duty.
22. What is customs duty? What are the different types of customs duties?
23. Discuss the provisions relating to procedure for registration of dealers under the central
sales tax Act.
24. Differentiate between Sales tax and Vat.
 DEPARTMENT OF COMMERCE
MID-TERM EXAMINATION FEB-2016
BUSINESS TAXATION (CPZ4D)
II B.COM(G) IV-SEMESTER
3HRS 75MARKS

PART-A
ANSWER ANY TEN QUESTIONS(10X2=20)
1. What is direct tax?
2. What do you mean by excise duty?
3. What do you mean by custom duty?
4. Under what circumstances export duty is refundable?
5. Give examples of direct tax?
6. What is export duty?
7. Define tax?
8. What is the validity period for central excise registration certificate?
9. What are excisable goods?
10. What is meant by smuggling?
11. Expand the term TIN.
12. Define customs duty..
PART-B
ANSWER ANY FIVE (5X5=25)
13. What are the features of indirect taxes?
14. What are the merits and demerits of single tax system?
15. Explain the meaning of (a) specific tax (b)advolerum tax.
16. What are the principles of taxation?
17. What are the methods of valuation of customs?
18. Distinguish between excise and customs duty?
19. Define Service Tax. Explain the services exempted from tax.

PART-C
ANSWER ANY THREE(3X10=30)
20. Explain the various types of excise duty?
21. Explain the procedure for getting registration under the central excise act 1944.
22. State the goods prohibited under the customs act.
23. Who are the officers of customs and explain their powers
24. Briefly discuss about the different types of Taxes in India.
 DEPARTMENT OF COMMERCE
MID-TERM EXAMINATION FEB-2018
BUSINESS TAXATION (CPZ4D)
II B.COM (G) IV-SEMESTER
Time: 3HRS
Marks:75MARKS

PART-A
ANSWER ANY TEN QUESTIONS (10X2=20)
1. What is direct tax?
2. What do you mean by excise duty?
3. What do you mean by custom duty?
4. Under what circumstances export duty is refundable?
5. Give examples of direct tax?
6. What is export duty?
7. Define tax?
8. What is the validity period for central excise registration certificate?
9. What are excisable goods?
10. What is meant by smuggling?
11. Expand the term TIN.
12. Define customs duty..
PART-B
ANSWER ANY FIVE (5X5=25)
13. What are the features of indirect taxes?
14. What are the merits and demerits of single tax system?
15. Explain the meaning of (a) specific tax (b) advolerum tax.
16. What are the principles of taxation?
17. What are the methods of valuation of customs?
18. Distinguish between excise and customs duty?
19. List out the services which are exempted from service tax.
PART-C
ANSWER ANY THREE (3X10=30)
20. Explain the various types of excise duty?
21. Explain the procedure for getting registration under the central excise act 1944.
22. State the goods prohibited under the customs act.
23. Who are the officers of customs and explain their powers. Explain the
differences between the dire
24. Define Tax. Explain its Objectives.