PGDT-I/A PGDT-I/A (2)

iv) Subsidy received from the government will increase the

Taxation gross profit / net profit of the business. (True / False)
(One Year P.G. Diploma Course) v) VAT credit receivable at the end of the year will appear in
Assignment the Balance Sheet. (True / False)
For Term End Examination, June 2018 3. Inventory at the end of year outside West Bengal is valued
at R 3,00,000. The cost price is lower than 20% of market
Paper : I price. What value will be considered for Balance Sheet and
Sub : Computerised Accounting why ?
4. M/S Alekhyo Ltd. an exporter raised an invoice on the
Full Marks : 100 Weightage of Marks : 20% foreign buyer for $ 5000 (exchange rate on that day was
R 71·23). When the sale proceed was credited to his bank,
Special credit will be given for accuracy and relevance in the
the exchange was R 70·56. As an accountant how will you
answer. Marks will be deducted for incorrect spelling, untidy adjust it in account ?
work and illegible handwriting. The weightage for each
5. Purchase furniture as Stock amount to R 10,000. How do you
question has been indicated in the margin. account for the transaction ?

Module - I Module - II
Answer all questions : 5×5=25 Answer all questions : 25×3=75
6. Prepare Profit & Loss Account for the year ended 31.3.18
1. Pass the necessary journal entry from the following and the Balance Sheet as on that date from the following
transactions : particulars using computersied accounting method (Tally)
a) Started business with cash R 60,000, and machinery and draw all relevant ledgers separately.
R 1,00,000. R R
Purchase 1,42,000 Opening stock 34,000
b) Received commission by cheque R 30,000.
Land & building 2,60,000 Plant & machinery 2,92,000
2. Tick the correct one (True / False) : Insurance Premium 3,84,000 Capital 4,98,000
i) Sundry Debtors is a current assets. (True / False) Debtors 35,600 Salaries 72,000
ii) Cash is a non-current asset. (True / False) Creditors 38,600 Wages 5,12,000
Cash in hand & bank 33,400 Carriage 1,000
iii) Life Insurance Premium of the Proprietor paid by the
Bills Receivable 30,400 Bills Payable 34,700
Company is Drawing. (True / False)
Returns Outward 5,400 Rent Received 3,300

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 (3) PGDT-I/A

The additional information are supplied :

a) Closing Stock is value at R 52,000.
b) Purchased goods on credit R 10,000 not recorded in the
books of accounts.
c) Outstanding salaries amount to R 2,000.
d) Depreciation on plant & machinery @ 15% p.a.
e) Cheque for R 2,000 returned dishonoured not recorded in the
books of accounts.

7. From the following particulars prepare the Ledger Accounts

and Trial Balance (using Financial Packages) :
January1. Started business with cheque R 20 lakh
,, 6. Purchase goods by cheque R 1 lakh
,, 14. Loan taken from Mr X R 5 lakh
,, 18. Paid salary by cash R 1·5 lakh
,, 20. Refund of loan to Mr. X R 30 lakh
,, 26. Received Commission R 50 thousand
,, 31. Deposited cash R 30 thousand into Bank
8. From the above Trial Balance prepare the Final Accounts
for the month of January, 2018 (Using Software).
[The solution of question no. 7 and 8 should attach (print
out) with answer script for the purpose of evaluation]

1. Date of Publication : 10/01/2018

2. Last date of Submission of answer script
by the student to the Study Centre : 28/02/2018
3. Last date of Submission of marks by
the examiner to the Study Centre : 20/03/2018
4. Date of evaluated answer script distribution
by the Study Centre to the student : 25/03/2018
5. Last date of Submission of marks by the Study
Centre to the C.O.E.’s Department on or before : 10/04/2018
 PGDT-II/A PGDT-II/A (2)

Group - B 15×3=45
Taxation
6. (a) Income from house property may not be taxable under
(One Year P.G. Diploma Course)
the head of “Income from House Property.” — Discuss.
Assignment
(b) What is summary assessment and how the process
For Term End Examination, June 2018 commence ? 10+5
Paper : II 7. What is MAT ? What is the purpose of MAT ? 7+8
8. (a) What are the different types of return ?
Sub : Tax Legislation - I
(b) Write down the payment schedule of advance tax of a
(Income Tax) company. 5+10

Full Marks : 100 Weightage of Marks : 20% Group - C 30×1=30

Special credit will be given for accuracy and relevance in the
answer. Marks will be deducted for incorrect spelling, untidy
work and illegible handwriting. The weightage for each
question has been indicated in the margin.
Group - A 5×5=25
1. “Income tax is one tax” — Explain.
2. Distinguish between Gross Total Income and Total Income.
3. Give five examples of exampted income.
4. An assessee commences his business on (i) 4.8.14,
(ii) 11.12.15 (iii) 10.2.16 (iv) 18.4.2016
In each case what will be the assessment year and previous
year ?
5. What are the heads of income under the Income Tax Act
1961 ?
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B-2/1211/36
9. (a) What do you mean by tax planning and tax evasion ? 5
(b) From the following information, compute the taxable
income for the assessment year 2017-18.
(i) Listed shares purchased on 31.8.97 for Rs. 4000
sold for Rs. 2,10,000 on 12.11.16 through a
recognised stock exhange.
(ii) Gold ornaments purchased for Rs. 2,00,000 on
11.10.1998 sold for Rs. 5,10,000 on 21.12.16. 5
(c) From the following details, determine the amount of tax
payable and guide the assessee for e-filing the income
tax return.
Mr. Ghosh an individual provides his income and
investment relating to the assessment year 2017-18.
i) He was employed as a Senior Manager of a
company and was paid the following :
Basic - Rs. 15,000 pm, Special Allowance Rs. 25%
of basic.
ii) The employer paid an allowance of Rs. 10,000 p.a
to meet the cost of education for his three children.
 (3) PGDT-II/A

iii) The company deducted from his salary 10% of basic

pay towards employer’s contribution to RPF.
iv) Mr. Ghosh made an equal contribution.
v) House Rent Allowance received — Rs. 2500 pm.
Rent paid Rs. 1700 pm (at Kolkata).
vi) Company provided free electricity and telephone
connection for which the company paid Rs. 3500
and Rs. 4000 respectively.
vii) The company paid a club bill for Rs. 5,000.
viii) Professional Tax paid by the company Rs. 230.
ix) His taxable income from house property –
Rs. 3,90,000 (let out for business).
x) His taxable income from long-term Capital gain —
Rs. 75,000.
xi) The short-term capital loss — Rs. 7,000.
xii) His investment during the year were
(a) Rs. 25,000 in PPF
(b) Rs. 10,000 in NSC (viii issue)
(c) Rs. 20,000 in LIP
xiii) He received Rs. 5000 as bank interest, Rs. 15,000
as sitting fees of meeting and Rs. 10,000 as dividend
from an Indian company. 20

1. Date of Publication : 10/01/2018

2. Last date of Submission of answer script
by the student to the Study Centre : 28/02/2018
3. Last date of Submission of marks by
the examiner to the Study Centre : 20/03/2018
4. Date of evaluated answer script distribution
by the Study Centre to the student : 25/03/2018
5. Last date of Submission of marks by the Study
Centre to the C.O.E.’s Department on or before : 10/04/2018
 PGDT-III/A PGDT-III/A (2)

Whether the dealer could claim refund in respect of VAT paid

Taxation on Raw Material, if so, what procedures are followed for
(One Year P.G. Diploma Course) Refund claim ? 2½+2½=5
Assignment 3. Discuss the step wise procedure followed for E-payment of
For Term End Examination, June 2018 VAT liability and filing VAT return electronically.
Explain whether charges made in VAT Audit while filing
Paper : III Form 88 could be treated as Rvised Return for the year under
VAT Act — Provide adequate justification. 3+2=5
Sub : Tax Legislation - II
4. Explain how Input Tax Credit is important in determining
(VAT, CST, Central Excise & Professional Tax)
VAT liability. Could excess Input Tax Credit under VAT Act
Full Marks : 100 Weightage of Marks : 20% be utilized against CST liability ?
Describe the restriction on availing Input Tax Credit in respect
Special credit will be given for accuracy and relevance in the
of Negative list items in West Bengal. 2+1+2=5
answer. Marks will be deducted for incorrect spelling, untidy
work and illegible handwriting. The weightage for each
question has been indicated in the margin. Module - II

Module - I [CENTRAL SALES TAX Act]

[W.B.VAT Act]
Answer all questions : 5×4=20
Answer all questions : 5×4=20
1. Discuss the provisions of VAT Act relating to determination 5. Discuss any four situations where CST is not applicable in
of taxable value of any works contract executed within the case of inter state movement of goods.
state of West Bengal. Discuss the Rules applicable for State two procedures for Inter State Sale of Goods. Where
determinations of taxable value of works contract where the such sale is “Last sale prior to Export”. 2+3=5
dealer do not maintain separate books of accounts in relation 6. Explain the following :
to such works contract. 3+2=5 a) High Sea Sale
2. Explain whether Export of Goods from West Bengal is b) Second Sale 2½×2=5
exempted from levy of VAT. What are the procedure of 7. What is the procedure of filling up CST Return ? 5
documentation followed in case of export of Consignment
under VAT Laws ? 8. What are the types of Declaration Form ? 5

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 (3) PGDT-III/A PGDT-III/A (4)

Module - III Module - IV

[CENTRAL EXCISE DUTY] [W. B. STATE TAX ON PROFESSIONS, TRADERS,
Answer all questions : 30 CALLING AND EMPLOYMENT ACT 1979]
Answer all questions : 30
9. Explain the following :
i) Whether ‘Assembly’ would be considered a manufacture 13. Explain who are compulsorily required to obtain Registration
for levy of Central Excise duty. under W.B. Profession Tax Act whether such registration is
voluntary or compulsory. 10
ii) Whether processing of Fruit and Fish to “ready to eat
Fruit Juice and Fish Curry” be considered as 14. (i) How the Professional Tax is paid ?
manufacturing activity. (ii) What are the accounts maintained under the Act ?
Justify the above two with reasons. 5 (iii) Describe the assessment procedure under the Act.
10. Write a brief note on taxable event for levy of Central Excise 2+5+3=10
Duty. What are the pre-requisite for levy of Central Excise 15. Define the following under W.B. Professional Tax Act :
Duty ? 5+5=10 i) Employer
11. What is Input Service Register ? 5 ii) Employment 5×2=10
12. Determine total amount of Excise Duty Payable on a machine
from the following details : 10
Sale price of machine excluding taxes 2,00,000
Sales tax 20,000
Cost of durable and returnable packing 5,000
Design and development charges 20,000
(Paid by the buyer on behalf of seller)
1. Date of Publication : 10/01/2018
Warranty charges (Separetely charged) 5,000
2. Last date of Submission of answer script
Rate of Excise Duty = 12% by the student to the Study Centre : 28/02/2018
3. Last date of Submission of marks by
Education Cess = 3% the examiner to the Study Centre : 20/03/2018
4. Date of evaluated answer script distribution
by the Study Centre to the student : 25/03/2018
5. Last date of Submission of marks by the Study
P.T.O. Centre to the C.O.E.’s Department on or before : 10/04/2018
 PGDT-IV/A PGDT-IV/A (2)
3. a) What is Input Tax Credit ?
Taxation
b) What is the time limit for taking registration under GST
(One Year P.G. Diploma Course) Law ?
Assignment c) What are the various returns prescribed under GST
Act ? 8+8+4=20
For Term End Examination, June 2018
Paper : IV
Group - B
Sub : Tax Legislation - III
Answer any three questions : 12×3=36
(Goods and Services Tax)
1. Whether transfer of goods to another branch located outside
Full Marks : 100 Weightage of Marks : 20% the State is taxable.

Special credit will be given for accuracy and relevance in the 2. Can every taxable person opt to pay tax under composition
scheme ?
answer. Marks will be deducted for incorrect spelling, untidy
work and illegible handwriting. The weightage for each 3. Which of the existing taxes are to be subsumed under GST ?
question has been indicated in the margin. 4. Explain the provisions relating to composition scheme under
CGST Act, 2017.
Group - A 5. Write a brief note on particulars which are contained in the
invoice.
Answer any two questions : 20×2=40
1. a) What is the scope of the term ‘supply’ as defined in the
Group - C
CGST Act, 2017 ?
b) What is Mixed Supply ? Answer any four questions : 6×4=24
c) What are the taxes that are levied on an intra-State 1. Is alcohol (for human consumption) an exempt goods ? 6
supply ? 7+7+6=20
2. a) What is the maximum rate prescribed under CGST ? 3
2. a) Whether the tax on intra-State supplies is applicable to
every supply ? b) The time limit beyond which if goods are not returned,
b) What will be the time of supply of goods ? the inputs sent for job work shall be treated as supply. 3
c) Whether capital goods can be considered as inputs ?
3. What are the documents for claim of Input Tax Credit by a
7+7+6=20
registered person ? 6
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 (3) PGDT-IV/A

4. Explain about Form GSTR-3B. 6

5. Mr. X purchases goods from Ram and Co. of Rs. 35,000
(intra state). GST rate is 12% and Delivery charges is Rs.
2000. Ascertain Invoice Value and Tax Amount. 6
6. Explain GST Registration Procedure step by step. 6

1. Date of Publication : 10/01/2018

2. Last date of Submission of answer script
by the student to the Study Centre : 28/02/2018
3. Last date of Submission of marks by
the examiner to the Study Centre : 20/03/2018
4. Date of evaluated answer script distribution
by the Study Centre to the student : 25/03/2018
5. Last date of Submission of marks by the Study
Centre to the C.O.E.’s Department on or before : 10/04/2018
 PGDT-V/A PGDT-V/A (2)

7. Discuss the provisions of Companies Act relating to

Taxation Corporate Governance.
(One Year P.G. Diploma Course) 8. Explain your views for ‘Disqualification from Contract’.
Assignment 9. What do you understand by ‘Fraudulent Representation’ and
For Term End Examination, June 2018 how to control the same ?
Paper : V 10. Types of Government Houses undergoing commercial
activities at State & Central Govt.
Sub : Business Regulatory Framework
Group - C
Full Marks : 100 Weightage of Marks : 20%
Special credit will be given for accuracy and relevance in the Answer any one : 1×20=20
answer. Marks will be deducted for incorrect spelling, untidy 11. Discuss the salient features of the Labour Laws relating to
work and illegible handwriting. The weightage for each workmen compensation and protection of child labour.
question has been indicated in the margin. 12. Writedown the objectives of Trade Union Laws and its
application.
Group - A 13. What are the significant applications of Negotiable Instrument
Act.
Answer any four : 5×4=20
1. What are the types of Contract ?
2. Explain the prime enactments for selling of products.
3. Give the salient features of ‘Partnership Act.’
4. How a contract is valid as per the relevant Act ?
5. Discuss the provision of Factories Act relating to woman
employees. 1. Date of Publication : 10/01/2018
2. Last date of Submission of answer script
Group - B by the student to the Study Centre : 28/02/2018
3. Last date of Submission of marks by
Answer any four : 15×4=60 the examiner to the Study Centre : 20/03/2018
4. Date of evaluated answer script distribution
6. Person starting his own venture — What will the steps of by the Study Centre to the student : 25/03/2018
incorporating his / her company ? 5. Last date of Submission of marks by the Study
P.T.O. Centre to the C.O.E.’s Department on or before : 10/04/2018
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B-2/1211/36
 PGDT-VI/A PGDT-VI/A (2)

Group - B 15×2=30
7. a) What is meant by NBFC ?
b) How they help in the development of business
organisation ? 5+10
Taxation
8. a) Draft a project for the purpose of bank loan for setting
(One Year P.G. Diploma Course) up a new business.
Assignment b) Distinguish between primary market and secondary
For Term End Examination, June 2018 market. 10+5

Paper : VI
Sub : Commercial Application of Business
Full Marks : 50 Weightage of Marks : 20%
Special credit will be given for accuracy and relevance in the
answer. Marks will be deducted for incorrect spelling, untidy
work and illegible handwriting. The weightage for each
question has been indicated in the margin.

Group - A

Answer any four : 5×4=20

1. What are the function of a modern bank ?
2. Distinguish between lease and hire purchase.
3. ‘Financial engineering’ is the new concept in Indian Financial
System. Discuss. 1. Date of Publication : 10/01/2018
4. Distinguish between Owned Capital and Loan Capital. 2. Last date of Submission of answer script
by the student to the Study Centre : 28/02/2018
5. What are the methods of valuation of customs duty ? 3. Last date of Submission of marks by
6. Define under the Customs Act : the examiner to the Study Centre : 20/03/2018
(i) Dutiable goods, (ii) Export goods. 4. Date of evaluated answer script distribution
by the Study Centre to the student : 25/03/2018
5. Last date of Submission of marks by the Study
P.T.O. Centre to the C.O.E.’s Department on or before : 10/04/2018
W-6