Total Printed Pages‘ 71 [ Roll Nov 59074 B. Com. (Hons.) Semester - vi Examination, 2022-23 COMMERCE Paper : BCH-322 (Goods and Service Tax Act and Customs Acts) [Full Marks :70_ Time : Three Hours } ae e top immediately on the [ Write your Roll No. at th aper.] receipt of this question p questions carry equal Note: Attempt all questions. Each marks. goth wet TEE AAT! HEU él ger & oi TT ns for adopting GST in India and its 4. Explain the reaso) laws that got merits and Jimitations. Explain the tax | replaced by GST. ay amar @ evil ote gud 1 anfory | vile Wee Go at df a) aT @fery | area i dlo yuo co aot oie hrarail ah aurea ufewenftra fry Ty a GIT p.T.059074 OR aera Write a detailed note on exempted supply, non-taxable supply, zero rated supply and export of goods and services. oxged omfg, ae ata ome, eraex omy ste agph otk Bast Arefr ae ye Rear Root ‘ferftay | » What is mandatory registration ? How does it differ from voluntary registration ? Explain the different types of registration in GST. strand date gar 8 ? ue etfs doer a he FB? fo Wie Go A RAAT wa & ictarer ay GREAT BRR | OR sua What details are fumished in GSTR1 and GSTR2 ? What are the procedure and the revision rectification of det and GSTR2? time limit applicable for tails furnished in GSTRI (2) 59074 flo Wo Zo aio 1 (GSTRI) afte sto Geo Slo GIRO 2 (GSTR2) 4 ae fear weg fy ay s ? vflo WHO Zo siko 1 (GSTRI) a vo yA Alo sIKo 2 (GSTR2) 4 oRGa flaw S egos gue & fey ary, ufien ote ara er gar 8 ? |. What items are included and excluded in transaction value for the computation of taxable value under GST ? vito we Glo B cea wy aha yea A TTS Re vomen aa Hi aaa we afte @ she aha He suet agi & ? OR mere stéred manufactures in the state of 1, provides the following particulars for of April, 2022 xyz fatds ver wee wen a we teigs Pater aie, 2022 A ax sat & fay Pevfeftaa fravr wage oer 81 (i) Inputs purchased within the state Rs. 5,04,000 (including 12% GST). eg & Wee GNA AY FAYE Fo 5,04,000 (12% lo wo Glo wea) | (3) P.T.O.En | wa 59074 (i) Machinery purchased on 12-04-2022 for Rs. 3,00,000 (excluding 12% GST) from a dealer in Delhi is eligible for the input tax credit. Depreciation at 10% pa. Revie 12-04-2022 # feet A ve sew 8 Fo 3,00,000 4 aT GI (12% flo WHO Clo BY visey, ot arma ax sera @ fag aa 8) foro FETE BX 10% wher at I (ii) Manufacturing expenses Rs. 1,60,000. fafrafer axa Bo 1,60,000 | (iv) The profit margin is 20% of the sales price. faa your ae 20% ari tT 8] (v) The )) The goods produced were sold to a buyer in Patna with 18% IGST on sales. sent et ART TR 18% IGST B wey yea # We ater &) dar za) (Wi) A 5% discount it _ eel hii allowed at the time of sale, ently a 2% di atari iscount was allowed at Pat ae 5% Be A Tease ee WA 2% we a ee ST separ at arg oft (4) 59074 Calculate the amount of GST payable after utilizing the input tax credit for the month of April, 2022, assuming that no opening balance of input tx credit was available. pre, 2000 EB A ATT EET HT SANT wee } ae ta fo Wee Go BH aT A TTT cafe | we aire ge Pe sat we our oT aT gfe ve ore Tet aT) Describe the features of Customs Duty in India. Explain the role of Customs Duty in International Trade. ae % thar yew BH Rae or wT AKC garters are ater yee ot ype A aTET abifery | OR sera What do you mean by the import of Goods ? Describe the various categories under which imports can be made. sree Bh carers BY ome eT TERY? ws AAT PTET aon avier wore fora feet ene FAT aT eHT BT (8) P.T.O.U §9074 5 Bhucidate the valuation rules und Describe items incudable in dete Value under Customs Act Trae. tO Da MINS he ASS wT USF sieniay Wares Peat gy or : ae 2 Se aes Fa Per stra ae aia we oT ahs a | Pais OR wag An Indian j i — has imported raw material for in Au t, i i aeeee ‘Bust, 2022. Following informations Tho a So om ee ae sna we ede STAIR F 5, es 000 Stee wr wear are area, 2022 4 : RT AEM Sad aay 4 rere ure & () Packagi ‘Sing charges of B0ods 120 dollars. WS tr gs aq 120 Sta (Goods w Peli ae Stuffed in a container (returnable) Container is 400 dollars. FI my Oe ER Sot ang, ferro (6) ee 0 —_——=—— 59074 (ji) Insurance premium 50 dollars. ai siPrrt 50 Ste (iv) Sea freight 160 dollars. ay AIST 160 STR | () The importer had paid a commission of 100 dollars to a broker who arranged the transaction. gram A zara at 100 Store atest fear, fea as ver axa B (vi) Dollar Rate is Rs. 80 =1 dollar. ‘Stor a FATE =X 80 Fo ZI (vii) Basic Customs Duty is 10%. WaT Yew 10% BI (viii) Integrated tax u/s 3(7) of Customs Tariff Act 1975 is 12%, Wat gee 2Re afeftay, 1975 S RT 37) > ‘TE AGT GE 12% Bh A AN eTeT ARATE |