Sri Aravindar Arts & Science College Sedarapet Post, Vanur

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SRI ARAVINDAR ARTS & SCIENCE COLLEGE

Sedarapet post, Vanur

II CONTINUOUS INTERNAL ASSESSMENT EXAMINATION OCTOBER 2019


BASICS OF GST- MCM31

Year & Class: II M.Com. Date:00/10/2019


Duration: 2hrs Max Marks:50

Section-A (4 x 5 = 20)
Answer All Questions

1 a. Make a note on recovery and liability to pay tax


b. Elucidate intrset on refumds
2 a. Compare CGST & SGST
b. Differentiate Audit and inspection
3 a. What is the transitional provision of tax payers?
b. Make a note on liability to pay
4 a. Make a note on settlement of cases
b. Compare interest, offences and penalties

Section-B (2 x 15 = 30)
Answer any TWO Questions

5. What are positive and negative aspects of GST?


6. Give the meaning of electronic commerce and describe the working of electronic
commerce
7. State the meaning of dispute resolution mechanism, explain the approaches and features of
dispute resolution mechanism.
8. Explain the procedure for value of taxable goods and services

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