(6) MBAN

his question
Your Roll No.
paper contains 24 printe ages COL
S1. No. of Q. Paper :3142

Unique Paper Code :22411602

Name of the Course :B.Com. (Hons.)
Name of the Paper :Goods & Service Tax
(GST) & Custom Law

Semester : VI

Time: 3 Hours Maximum Marks: 75

Instructions for Candidates

(a) Write your Roll No. on the top immediately

on receipt of this
question paper.

(b) Answer. may be written either in

Englisha
or in Hindi; but the same medium should
be used throughout the paper.

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3142
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(c) Attempt all questions.

(c) XYZ Ltd. Pune makes the following supplies
during the year 2018 5

ga 2018 RA
(d) Questions from each part must be
S. No. Particulars Amount (7)
attempted.
faT ()
1 Supply of Taxable Goods 5,00,000
1. (a) Write briefly about GST network & functions
2 Supply of Exempt Goods 2,00,000
of GSTN portal. 5
3 Inter- State Supply of goods 3,00,000
HIT 3iqKisit ATZTT
4 Export of Goods
5,00,000
(b) What is the meaning of term Registration

under GST? State the Persons who are

5 Outward supply under
4,00,000
reverse charge
exempted from Registration under GST Act.

5
TE5Tg
Inward supply under
reverse charge
5,00,000

3TE5 3HT
2
3
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(i) Calculate the aggregate turnover for the OR

year 2018.

(a) Write a note on State Compensation

Mechanism provided under GST Laws to
(ii) Is the company liable to register under
compensate the States for loss of revenue.
section 22 of GST Act, 2017 ?Answer With
5
reason.

54-T g T faa4, 2017 TRT 22

(b) Explain the provisions of registration

relating
to Casual Taxable
(iii) Will it make a difference to the registration Person and
State of Jammu Non-Residential taxable person. 5
requirement if company is in
& Kashmir ?

(c) Decide giving reason whether

liable to register and
under GST is
registration
(1V) Is company otherwise required or not in
cases:
following
why?
5

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(i) Mr. P, a
qualified Chartered Accountant
based in Manipur is employed as Audit
Head of ABC Firm, drawing a salary of T
4,20,000R `9TT 54T I 376 qR
50,000 per month. He owns a residential
property which is let out for residential
purposes at a monthly rent of 7 1,50,000
He also gives part time tax consultancy
and earns 5,00,000 per annum. a 2,00,000 aftes J I 3EtA
h 10,60,0007 arf4s TY 3T 5

5R , TafHTE 50,0007 à 7 7
2. (a) Explain the activities which are treated as

5 f 1,50,000 7 6 HTe f5Tr supply even if made without consideration.

5

Hfra 5,00,000 54TAT

(ii) Mr. X is a retired person earning pension
of 7 4,20,000 per a n n u m . He owns two (b) Give a list of Ten items of
goods which are
engaged in providing exempt from
buses tax. Also state
transportation services
to local school for provisions
relating to education services which
faculty, staff and are
transportation of exempt from tax.
students for which he charges 2,00,000 5
annually per bus. He has fixed deposits
of
in banks earning annual interest

10,60,000.
6 7
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(c) ABC Limited manufacturers 3000 units of

OR
product having assessable value @ R500 per

piece. ABC Limited sold 1600 pieces in and supplier of

2. (a) How the location of recipient
of
Domestic Tariff Area (DTA) and balance 1400 services is defined for the purpose
of
determining place of supply in
case

pieces were exported. If the rate of SGST &

domestic transactions ? Also state the
CGST payable is 9% each. Calculate GST on
general provisions for place of supply of
services 5
outward supplies of the following: 5

5T @R500 ufa úaIg a

To tfts àA ( E g) 1600

aa sir 1400 Myia fey TTI STR (i) When the recipient is registered person.

a (sGST) 3r sigTE (CGST)

(ii) When the recipient is unregistered
personn.

(i) Supply of 1600 pieces in DTA 2. (b) Mr. Arun, of Chennai registered taxpayer,
,a
1 6 0 0 gsi 3g making intra statesupply during 2018,
reported following transactions:
(ii) Export of 1400 pieces
1400 i ta 2018 aRA TT-ZIY FTTT -7

9
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Value of Rate of GST Arun

S. No. Particulars
Explain with r e a s o n the eligibility of Mr.
Supplly toopt for composition scheme. Also calculate
his tax liability if he opts for composition
scheme.

Supply of 18,00,00o 12%

manufactured
goods
2. (c) Mr. X, aregistered person supplied goods to
Mr. Y, also a registered person. From the
following details determine the time of
Supply of traded 22,00,000 12% supply: 5
goods

3 Supply of NIL
25,00,000
manufactured S. No. Particulars Rate of GST
goods

1
3HTg Date of removal of goods
18-11-2018
Supply of traded
10,00,000 NIL
goods 2 Date of issue of invoice
28-11-2018
AT
11
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3 Date of payment entered 30-11-2018

in the books of account of X
fHfT T I T HiAT 2018

4 Date on which amount isS 01-12-2018

created in the banks account Particulars GST paid (R)
of X
faqrT

I Purchases of motor
Determine the time of supply of goods. 3,30,000
vehicles for transportation
of inputs
What is Reverse Charge Mechanism?
3. (a)
Mention notified goods where GST is payable
by the recipient of goods.. 5

3FCT Ta T ? Hfgea FTHIAÍ II. Inputs consisting of three

1,25,000
lots, out of which first lot
(b) ABC Ltd., registered supplier is engaged
a was received during the month
in the manufacture of taxable goods. The

company provides the following information

of GST paid on the input goods/services
during the month of September 2018:

12 13
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II. Capital goods (out of three 2,50,000
invoices , one was missing and
Determine the amount of Input tax credit
GST paid on that invoice was
available to ABC Ltd. for the month of
25,000) September, 2018 by giving necessary
explanations for the treatment of various
transactions.

25,000 T) Fqe 5 HNaz, 2018

IV. Outdoor catering services 72,000
availed on Women's day
(for the women employees) (c) X Ltd. sends some semi finished goods for
further processing to Y Ltd.(job worker) on
18th September, 2017 and
machinery to Z
Ltd. job worker ) for
V. Corporate membership of a 50,000 fixing some technical
issues on 19,
club to be used by the
September, 2017.Discuss the
provisions related to tax liability under GST
directors to entertain foreign in if XItd. Receives back
5
collaborators
gF fo 18 Ricax, 2017 a Ro

ATr HIT ATT & 3TT 19

RAT, 2017

8,27,000
Total

14
15
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(i) Finished
goods from Y Itd. on 3. (b) What are the provisions regarding c l a i n ol

ITC on Capital goods and inputs lying in stock

Case I 28 and contained in semi-finished and finished
December, 2018
-

a goods when a person becomes liable for

I -

28
aT, 2018 registration under GST? 5
Case II-15th
January, 2018
II-15 i t , 2018
(ii) Machinery from Z Itd on
ITre ?
Case I- 28 December, 2018 3. (c) Aruna Limited , a
registered
person, based
in Lucknow is into
5 I - 28. f&ER, 2018 manufacturing of Product
Aexempted goods) and Product B° (taxable
Case II- 24 September, 2020 goods). Both the products are produced with
I I - 2 4 Rcir, 2020 the same raw material.
Aruna Limited
purchased material of 7 6,00,000 from
raw

OR Lucknow and paid CGST

@9% and SGST
@9%, which makes 7 54,000 as
CGST and
54,000 as SGST.The total turnover
Limited is 12,00,000 out of Aruna
What do you mean by Input Tax Credit? What is turnover of of which R 4,00,000
3. (a) Product 'A'
are the conditions for availing Input Tax and 7 8,00,000 is (exempted supplies)
5 turnover of Product
Credit? (taxable supplies). Calculate B
the amount of
Input Tax Credit to be reversed.

17
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(b) Under what circumstances provisional

F9T ' ' ( aTT HIT) R TYTÍ (7 assessment is conducted under GST ?
Discuss the provisions related to tax &
interest liability of the Taxpayer on

finalization of provisional assessment

a i s r 9% zHUaET sir 9% 7
T 5
gHYET 5JTIM, f5TT 54,000
ioigret R 54,000 qEigF 7
fHTa&I SRT To RTR 12,00,0007
rHH T 4,00,0007 3rYTE 37 ( aIT
3HTg) T 6RATR R 8,00,000 r (c) Distinguish between cognizable offensces &
non- cognizable offences under GST?
5
issuance of Tax
4. (a) What is the time limit for
invoice in the following cases 5

OR

(i) Supply of Taxable Goods 4. (a) Discuss the provisions related to form, due
date and persons liable to
furnish détails of
Supply of Taxable
Services outward supply under section 37 of
(ii) CGSST
Act, 2017. What is the late fee
case of delay in furnishing details of
payable in
Continuous Supply of Goods supplies ? outward
iii)
5

19
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zig famyH, 2017 TT 37 T in the

Determine the taxable value of supply
(c)
5
following cases

(b) Write briefly about the Special Audit

required under GST. 5
The US $4000 are converted into UK
(i)
£3000. The RBI reference rate at that

(c) Write a short note on E-way bills under GST. time for US $ is R 70 per dollar and UK &
5
is 95 per UK Pound.

q $4000&3000 ReitT t a
provisions related to
to
5. (a) Explain the
determination of Taxable event in c a s e of 70 f SFR eR 7 95 u z
Custom
Imports & Exports under Indian
5
Laws.
(ii) Mr. Vikas, an air travel agent provided
the following details for the Month of
January, 2019:
ana
Write a note on Anti Dumping Duty
(b) 5
Margin of Dumping. 7HT4R, 2019 4a q MAfGT

ferI
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Particulars
Amount ()
faqrT ()
Basic fare collected for
6,80,000
booking tickets for travel
within India
(b) A Ltd., India imported material from XYZ Ltd.
of Germany. The FOB price is 7 21,00,000.
The cost of transportation is 5,45,000.
Basic fare collected for Unloading and handling charges at Indian
8,50,000 port are 7 1,90,000.
booking tickets for travel 10

outside India

IaE TT 75,45,000I TRH GE

TTsT îr sriT 7 1,90,000&I
OR (i) Calculate the assessab!e value
(CIF) if
goods are imported by air and insurance
5. (a) What is the cost is not ascertainable.
meaning of transaction value
under GST ? What elements included in
the transaction value ? State the provisions
related to treatment of discount for the
purpose of calculating the transaction value.
5

22 23 P.T.O.
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(ii) Calculate the assessable value (CIF) if

the goods are imported by sea and
insurance cost is 7 75,000.

TR THT TPTT 7 75,000

24 8,400