Paper Code: C-592

Roll Number:
EXAMINATION: Nov-Dec 2022
B.Com. (HONOURS) ACCOUNTS PART-III (Semester-V)
Subject: Commerce Paper: Honours-II
Title: Indirect Taxes - Goods and Service Tax
Maximum Marks: 150 Duration: 3 hrs. (Part-A: 20 min. and Part-B & C: 2:40 hrs.)
Note: All questions are compulsory. Distribution of marks is given in the relevant section. In the question paper do not write
anything other than roll number.
lHkh iz'u vfuok;Z gSaA vadksa dk forj.k lEcfU/kr [k.Mksa esa fn;k x;k gSA iz’ui= esa vuqØekad ds vfrfjDr dqN Hkh uk fy[ksaA

PART - A
(MULTIPLE CHOICE QUESTIONS)

Note: Separate OMR Sheet for marking the correct options of multiple choice question paper is provided. Mark your option
on the OMR Sheet by properly darkening the circle.
cgqfodYih; iz’uksa ds lgh fodYi vafdr djus ds fy;s i`Fkd OMR Sheet nh xbZ gSA vius fodYi blh 'khV ij iw.kZ :i ls xksys
dks Hkj dj vafdr djsaA
Marks: 30 (20 questions of 1.5 marks each)

A-01: Which is the commodity kept outside the purview of GST?

th-,l-Vh- ls ckgj dkSu&lh oLrq@eky gS\
(A) Tobacco and tobacco product rEckdw ,oa rEckdw mRikn
(B) Petroleum product isVªksfy;e mRikn
(C) Edible oil [kk|&rsy
(D) Domestic LPG ?kjsyw LPG
A-02: Which tax is levied in case of intra-state supply?
jkT; ds vUnj iwfrZ ij dkSu&lk dj mn~xzg.kh; gS\
(A) CGST (B) SGST (C) CGST and SGST (D) IGST

A-03: What is time of supply of goods?

eky dh iwfrZ dk le; dc gksrk gS\
(A) Date of issue of invoice chtd fuxZeu dh frfFk ij
(B) Date of receipt of consideration by the supplier iwfrZdrkZ }kjk izfrQy izkIr gksus dh frfFk ij
(C) Date of dispatch of goods eky ds izs"k.k dh frfFk ij
(D) Earlier of (A) and (B) (A) ,oa (B) esa tks igys gks

A-04: Which of the following taxes will be levied on imports?

vk;kr ij fuEukafdr esa ls dkSu&lk dj ykxw gS\
(A) CGST (B) SGST (C) IGST (D) CGST and SGST

A-05: The time limit to pay the value of supply with taxes to avail the input tax credit?
buiqV VSDl ØsfMV dh miyfC/k ds fy, dj lfgr iwfrZ ds ewY; ds Hkwxrku dh le; lhek gS\
(A) Three months rhu ekg
(B) Six months N% ekg
(C) One hundred and eighty days 180 fnu
(D) Till the date of filling of Annual return okf"kZd fooj.kh izLrqr djus rd
A-06: What is the validity of the registration certificate?
iath;u izek.k&i= dh oS/krk fdruh gS\

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 Paper Code: C-592
(A) One year ,d o"kZ (B) No validity dksbZ oS/krk ugha
(C) Valid till it is cancelled fujLrhdj.k rd oS/k (D) Five year ik¡p o"kZ

A-07: Which of these registers/ledgers are maintained online?

buesa ls dkSu jftLVj@ystj vkWu ykbu vuqjf{kr fd;k tkrk gS\
(A) Tax liability register dj nkf;Ro jftLVj
(B) Credit ledger ØsfMV ystj
(C) Cash ledger dS’k ystj
(D) All of the above mi;qZDr lHkh

A-08: Balance in electronic credit ledger can be utilized against which liability?
bysDVkWfud ØsfMV ystj esa ’ks"k jkf’k dk mi;ksx fdl ns;rk ds fo:) fd;k tk ldrk gS\
(A) Output tax payable ns; vkmViqV VSDl (B) Interest C;kt
(C) Penalty vFkZn.M (D) All of the above mi;qZDr lHkh
A-09: Tax invoice must be issued by:
dj chtd dk fuxZeu vo’; fd;k tk,xk%
(A) Every supplier izR;sd iwfrZdrkZ }kjk
(B) Every taxable person izR;sd djnkrk O;fDr }kjk
(C) Registered persons not paying tax under composition scheme
iathd`r O;fDr ds }kjk ¼dEiksth’ku Ldhe ds rgr VSDl ugha pqdk jgs O;fDr½
(D) All of the above mi;qZDr lHkh
A-10: An invoice must be issued:
chtd vo’; fuxZfer fd;k tk,xk%
(A) At the time of removal of goods eky dh fudklh ds le;
(B) on transfer of risks and rewards of the goods to the recipient
eky esa tksf[ke ,oa ykHk dk izkid dks vUrj.k ij
(C) On receipt o payment for the supply iwfrZ dk Hkqxrku izkIr gksus ij
(D) Earliest of the above dates mi;qZDr esa tks lcls igys gks
A-11: The receipt voucher must contain:
fdlh izkfIr okmpj esa vo’; of.kZr gks%
(A) Details of goods or services eky ;k lsokvksa ds fooj.k
(B) Invoice reference chtd dk lanHkZ
(C) Full value of supply iwfrZ dk iwjk ewY;
(D) None of the above mi;qZDr esa ls dksbZ ugha
A-12: The tax invoice should be issued the date of supply of service:
dj chtd dk fuxZeu lsok iwfrZ dh frfFk ls gksuk pkfg,A
(A) Within 30 days from 30 fnu ds vanj (B) Within 1 month from ,d ekg ds vanj
(C) Within 15 days from 15 fnu ds vanj (D) On or before date of payment lsok iw.kZ gksus ij
A-13: Accounts are required to be maintained in:
[kkrksa dk vuqj{k.k fdl :i esa gksrk gS\
(A) Manual form ekuoh; :i esa
(B) Electronic form bysDVªkWfud :i esa
(C) Manual and electronic form ekuoh; ,oa bysDVªkfud :i esa
(D) Manual or electronic form ekuoh; ;k bysDVªkWfud :i esa

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 Paper Code: C-592
A-14: Input Tax Credit is available to whom in case of job-worker?
tkWc&odZj dks Hksts x, buiqV~l ij buiqV ØsfMV fdls feyrh gS\
(A) Job-worker tkWc&odZj (B) Principal iz/kku
(C) Recipient izkIrdrkZ (D) All of the above mi;qZDr lHkh
A-15: Place of supply of food taken onboard at Delhi for an aircraft departing from Delhi to Bengaluru via
Hyderabad is:
fnYyh ls csaxyq: mM+ku ok;k gSnjkckn ds le; gokbZ tgkt esa Hkkstu dks fnYyh esa miyC/k djkus ij] iwfrZ dk
LFkku gS%
(A) Address of the aircraft mentioned on the invoice of the supplier
iwfrZdrkZ ds chtd esa mfYyf[kr gokbZ tgkt dk irk
(B) Delhi fnYyh
(C) Jaipur t;iqj
(D) Hyderabad gSnjkckn
A-16: Input tax credit on capital goods and inputs can be availed in one installment or in multiple instalments?
iwathxr eky vkSj buiqV VSDl ØsfMV ,d fdLr@cgqfdLrksa esa miyC/k gksrh gS\
(A) In thirty six instalments NÙkhl fdLrksa esa
(B) In twelve instalments ckjg fdLrksa esa
(C) In one instalments ,d fdLr esa
(D) In six instalments N% fdLrksa esa
A-17: Banking Company or Financial institution have an option of claiming.
cSafdax dEiuh ;k foÙkh; laLFkku dks nkok djus dk fuEu fodYi izkIr gS%
(A) Eligible credit or 50% credit xzkgk ØsfMV ;k 50 izfr’kr ØsfMV
(B) Only 50% credit dsoy 50 izfr’kr ØsfMV
(C) Only eligible credit dsoy xzkgk ØsfMV
(D) Eligible credit and 50% credit xzkgk ØsfMV ,oa 50 izfr’kr ØsfMV
A-18: Which supply falls under ‘Reverse Charge’?
izfrykseh izHkkj ds v/khu dkSu&lh iwfrZ;ka vkrh gS\
(A) Notified categories of goods and services eky ,oa lsokvksa dh vf/klwfpr Jsf.k;ka
(B) Inward supply from unregistered dealer viathd`r O;kikjh ls vkUrfjd iwfrZ
(C) Both of the above mi;qZDr lHkh
(D) None of the above mi;qZDr esa ls dksbZ ugha
A-19: Supply of goods to SEZ units is treated as …….. in the hands of supplier.
SEZ bdkbZ dks iwfrZ dks iwfrZdrkZ ds fy, ---------- ekuk tkrk gSA
(A) Exempt supply-Reversal of credit djeqDr iwfrZ&ØsfMV dh okilh
(B) Deemed taxable supply-No reversal of credit ekuh xbZ dj ;ksX; iwfrZ&ØsfMV dh okilh ugha
(C) Export of supplies fu;kZfrr iwfrZ
(D) Non-taxable supply-outside the scope of GST xSj dj ;ksX; iwfrZ GST ds {ks= ls ckgj
A-20: Zero rated supply includes”
’kwU; nj iwfrZ esa ’kkfey gS%
(A) Export of goods/services eky@lsokvksa dk fu;kZr
(B) Supply o goods/services to a SEZ developer/ unit SEZ fodkldrkZ@bdkbZ dks
(C) Supply of goods/series by a SEZ developer/unit SEZ fodkldrkZ@bdkbZ }kjk eky@lsokvksa dh iwfrZ
(D) Both (A) and (B) (A) ,oa (B) nksuksa

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 Paper Code: C-592
PART - B
(SHORT ANSWER TYPE QUESTIONS)
Marks: 32 (4 questions of 8 marks each)

B-01: What is meant by job-work under G.S.T.? What is the procedure under job-work?
th-,l-Vh- ds v/khu ^tkWc&odZ* dk D;k vk’k; gS\ tkWc&odZ laca/kh izfØ;k D;k gS\
Or/vFkok
What is Tax invoice? Explain along with its contents, timing and manner of issuance.
dj chtd D;k gS\ mldh fo"k;&oLrq] le; ,oa fuxZeu dh i)fr lfgr le>kb,A

B-02: Who is liable for payment of G.S.T.? What are the main features of payment of tax mechanism?
th-,l-Vh- ds Hkqxrku ds fy, dkSu nk;h gS\ dj Hkqxrku O;oLFkk dh D;k eq[; fo’ks"krk,a gS\
Or/vFkok
What are the advantages and disadvantages of G.S.T.? Also explain its features.
th-,l-Vh- ds D;k&D;k xq.k vkSj nks"k gS\ lkFk gh bldh fo’ks"krk,a Hkh crkb,A

B-03: What is composite and mixed supply? How would tax liability be determined in such cases?
la;qDr ,oa fefJr iwfrZ D;k gS\ ,sls ekeys esa dj nkf;Ro dk fu/kkZj.k fdl izdkj fd;k tkrk gS\
Or/vFkok
What are the provisions related to buy and collection of G.S.T.?
th-,l-Vh- dh mxkgh ,oa laxzg.k laca/kh D;k izko/kku gS\

B-04: Morarka Tiles supplied supplied 5,00,000 tiles to its whole sale dealers on following terms:
eksjjdk VkbYl }kjk fuEu ’krksZa ij 5]00]000 VkbYl dh iwfrZ Fkksd forjd dks dh tkrh gS%
(i) Transaction value of per tile @ Rs. 18 Rs. 48,000
izfr VkbYl dk O;ogkj ewY; @ :-18 Rs. 48,000
(ii) Transaction Expenses ifjogu O;; Nil
(iii) Trade discount @10% on transaction value
O;kikfjd cV~Vk O;ogkj ewY; ij 10 izfr’kr dh nj ls
(iv) Packing iSfdax Rs. 35,000
(v) Design charges fMtkbu O;; Rs. 20,800

Calculate the amount of GST payable by the supplier, if rate of tax is 18%. Cement used for
manufacturing of tiles worth Rs.25 lakh (included GST Rs.2,00,000). Besides, concrete and sand
Rs.5 lakh were also used, but no tax payable there on. During the tiles production GST Rs.18,500 has
been paid to service providers for design, advertising and telephone.
iwfrZdrkZ }kjk Hkqxrku dh tkus okyh th-,l-Vh- dh nj 18 izfr’kr gS] ns; th-,l-Vh- dh x.kuk djsaA VkbYl
fuekZ.k esa iz;qDr lhesaV dk ewY; :-25 yk[k ¼:-2]00]000 th-,l-Vh- ds ’kkfey gS½A blds vfrfjDr :- 5 yk[k
ewY; dh fxV~Vh ,oa jsr iz;qDr gqbZA ftl ij dksbZ th-,l-Vh- ns; ugha gSA
VkbYl fuekZ.k ds nkSjku fMtkbu] foKkiu] VsyhQksu vkfn lsokvksa ds fy, lsok iznkrkvksa dks :- 18]500 th-,l-Vh-
pqdk;k x;kA
Or/vFkok
What do you mean by ‘Customs Duty’? Write nature and types of customs duty in India.
lhek ’kqYd ls vkidk D;k vfHkizk; gS\ Hkkjr esa lhek ’kqYd dh izd`fr ,oa izdkj fyf[k,A

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 Paper Code: C-592

PART -C
(ESSAY TYPE QUESTIONS)
Marks: 88 (4 questions of 22 marks each)
C-01: An Indian importer imported raw materials for 5000 dollars. Following informations are available:
,d Hkkjrh; vk;krd us 5000 MkWyj dk dPpk eky vk;kr fd;kA blds laca/k esa fuEukafdr tkudkjh izkIr gS%
(i) Packing charges of goods 120 dollars
oLrqvksa ds iSfdax ds O;; 120 MkWyj
(ii) Goods were stuffed in container (returnable) price of the container is 400 dollars
oLrq,a okilh ;ksX; d.Vsuj esa Hksth x;h] ftudk ewY; 400 MkWyj FkkA
(iii) Insurance premium 50 dollars
chek izhfe;e 50 MkWyj
(iv) Sea freight 160 dollars
leqnzh HkkM+k 160 MkWyjA
(v) Importer had paid commission of 100 dollars to a broker who arranged the transaction.
vk;krd us nyky dks 100 MkWyj deh’ku fn;k] ftlus ;g lkSnk djok;k gSA
(vi) Dollar rate is Rs.60=1 dollar
1 MkWyj dh fofue; nj 60:- gSA
(vii) Basic customs duty is 10%
lhek ’kqYd 10 izfr’kr yxrk gSA
(viii) Integrated Tax u/s 3(7) of CTA, 1975 @12%
CTA 1975 dh /kkjk 3¼7½ ds v/khu baVhxzsVsM VSDl @12 izfr’kr
(xi) Ignore GST compensation cess.
th-,l-Vh- {kfriwfrZ midj dks NksM+ nsA
Find out the assessable value of imported goods and customs duty payable.
vk;kfrr eky dk dj ;ksX; ewY; ,oa ns; lhek ’kqYd fudkfy,A
Or/vFkok
What is the procedure for registration? Explain the consequences of non-registration.
iathdj.k dh D;k izfØ;k gS\ viathdj.k ds D;k ifj.kke gS\

C-02: Write short note on:

laf{kIr fVIi.kh fyf[k,%
(a) Input tax credit (ITC) buiqV VSDl ØsfMV
(b) Eligibility and conditions for Input Tax Credit buiqV VSDl ØsfMV dh xzkgkrk ,oa ’krsZa
(c) Input Tax Credit in case of capital goods iwathxr eky ds laca/k esa buiqV VSDl ØsfMV
(d) Set-off of Input Tax Credit buiqV VSDl ØsfMV dk lsV&vkWQ
(e) Input Tax Credit availability by a banking company/NBFC
cSafdax @xSj&cSafdax foÙkh; dEiuh }kjk buiqV VSDl ØsfMV dh miyC/krk
(f) Utilisation of Input Tax Credit buiqV VSDl ØsfMV dk mi;ksx
Or/vFkok
From the following particulars, calculate invoice value under GST:
Purchase of raw materials within the state Rs.67,200 (including of 12% GST) excise duty @12%, VAT
12.5%. Profit margin Rs. 9,500. Manufacturing expenses Rs.3,500 wages 5,000, storage cost Rs.6000,
consultation fees Rs.2500, CGST @ 6% and SGST @6%.
fuEukafdr lwpukvksa ls th-,l-Vh- ds v/khu chtd ewY; dh x.kuk dhft,%

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 Paper Code: C-592
jkT; ds vUnj dPps eky dk Ø; 67]200:- ¼12 izfr’kr GST lfgr½ mRikn ’kqYd 12 izfr’kr] oSV 12-5
izfr’kr] ykHk ekftZu 9]500:-] fuekZ.kh O;; 3]500:-] Je 5000:-] laxzg.k ykxr 6]000:-] ijke’kZ ’kqYd
2]500:- CGST 6 izfr’kr ,oa SGST @ 6 izfr’krA

C-03: What does Scrutiny of Returns’ mean under GST law?

fooj.kh dh LØwfVuh vFkok LØwfVuh fu/kkZj.k dk GST fo/kku esa D;k vk’k; gS\
Or/vFkok
Write short note on:
laf{kIr fVIi.kh fyf[k,%
(a) Tax invoice by input service distributer buiqV lsok forjd dk dj&chtd
(b) Bill of supply iwfrZ fcy
(c) Receipt voucher izkfIr jlhn
(d) Audit of accounts [kkrksa dk vads{k.k
(e) Retention of Accounts and Records [kkrksa ,oa fjdkWb~Zl dk /kkj.k

C-04: Explain the different methods of determination of imported goods under customs valuation Rules 2007
(Determination of price of imported goods).
lhek 'kqYd ewY;kadu fu;e 2007 ¼vk;kfrr eky dk ewY; fu/kkZj.k½ ds vUrxZr vk;kfrr eky ds ewY;kadu dh
fofHkUu fof/k;ksa dks le>kb,A
Or/vFkok
What is the time of supply and when it is taxable? Explain the effects of change in rates of tax on time of
supply.
iwfrZ dk le; D;k gksrk gS vkSj ;g dc dj;ksX; gS\ iwfrZ ds le; ij dj dh njksa esa ifjorZu dk izHkko le>kb,A

The End

Number of Printed Pages: 6 6 Date, Day: 1-12-2022

fo’ks"k Vhi% osclkbV ij izdkf’kr ikVZ&, dh dqta h ds lanHkZ esa fdlh izdkj dh folaxfr gksus ij fo|kFkhZ viuk izfrosnu ijh{kk fu;a=d dks osclkbV
ij izdkf’kr frfFk ls vkxkeh rhu dk;Zfnolksa esa izLrqr dj ldrs gSaA blds i'pkr~ izLrqr izfrosnuksa ij fopkj fd;k tkuk laHko ugha gksxkA

ijh{kk fu;a=d

Key to Part-A
(Objective Type Questions)
Paper Code: C-592

Question Answer Key

A-01: B

A-02: C

A-03: D

A-04: C

A-05: C

A-06: C

A-07: D

A-08: A

A-09: C

A-10: A

A-11: A

A-12: A

A-13: D

A-14: B

A-15: B

A-16: C

A-17: A

A-18: C

A-19: C

A-20: D