University Of Pune Question Paper
Post Graduate Diploma In Taxation Examination, 2013
Paper – IV : INDIRECT TAXES – STRUCTURE AND PROCEDURE
(Central Excise and Service Tax)
Time : 3 Hours Max. Marks : 100
N.B. : I) Q. 6 and Q. 7 are compulsory.
II) Attempt any three questions from Q.1 to Q. 5.
III) Figures to the right indicate full marks.
1. Define the term “Excisable goods” and explain the relevance of the statement,
“Excise is a duty on goods indigenously manufactured” with special reference
to provisions of Section 3 of Central Excise and Salt Act, 1944. 20
2. Explain the registration procedure u/s 69 and Rule-4 with reference to Service
Tax. State documents to be attached with application of registration.
What is the penalty for non-registration ? 20
3. Write down the provision u/s 6 of Central Sales Tax Act, 1956 in respect liability
to pay tax on Inter-State sales. Also explain the various forms for declaration
under the Act. 20
4. What are the provisions under VAT Act, 2002 in respect of, “Tax free goods”,
VAT, Audit offences and penalties ? 20
5. Write short note on :
a) Incentives to SSI unit.
b) Assessment procedure under service tax.
c) “Set off” under VAT Act, 2002
d) Declared goods under CST. 20
P.T.O.
Seat
No.
[4396] – 104 -2-
6. Determine the ‘assessable value’ in each of the following instances for the
purpose of charging excise duty. Give reasons wherever necessary.
I) A B C Company Ltd. manufacturing refrigerators in Mumbai. The heading
under Tariff Act, is No. 841810 carry , ‘abatement rate’ of 40% and they are
specified only in the First Schedule. Find out the amount of duty if the
MRP (Maximum Retail Price) of a fridge is Rs. 40,000/- only and the rate of
excise duty is 16% plus education cess @ 2% and 8 AM education cess is @ 1%
II) Ramanand Ltd. selling the product inclusive of basic duty @ 16% and plus
education cess. Per piece price is Rs. 3,000/- what will be the duty liability and
assessable value for per piece ?
III) XYZ Ltd. a manufacturer having factory in Pune, has uniform price of
Rs. 500 (Excluding taxes) for sale any where in India. During 2011-12 he
made following sale.
a) Sale at factory gate at Pune-1000 pieces no transport charges.
b) Sale to buyers in Mumbai- 500 pieces actual transport charges incurred
Rs. 15,000/-.
c) Sale to buyers in Bangalore-700 pieces actual transport charges incurred
Rs. 50,000/-.
d) Sale to buyers in Ahmedabad-800 pieces actual transport charges Rs. 25,000/-
Find assessable value and duty liability @ 16% plus cesses apply.
IV) Determine the value for charging duty of excise and compute excise duty payable
from the following information.
a) Total invoice price Rs. 18,000/- (depot price)
The invoice price includes the following.
i) State VAT Rs. 1000/-
ii) Octroi Rs. 200/-
iii) Insurance Rs. 100/- (From factory to depot)
iv) Freight Rs. 700/- (From factory to depot)
Rate of basic excise duty is Rs. @ 16% ad valorem. Education cess is
applicable. 20
-3- [4396] – 104
7. A) BGK Co. Ltd. a registered dealer under MVAT Act in Pune sold goods within
State specified in Schedule C (rate of tax @ 4%) and schedule E (rate of tax
@ 12.5%). From the following details determine the amount of VAT liability
for the month of March 2012.
Sales :
1) Sale price of Schedule C (4% ) goods Rs. 5,00,000/-
2) Sale price of Schedule E (12.5%) goods Rs. 3,00,000/-
3) Sale price of Schedule C (5%) goods Rs. 7,50,000/-
All the above sales are exclusive of Tax.
Purchases:
1) Purchase of Schedule C (4%) goods in Maharshatra – Rs. 4,16,000/-
inclusive of tax.
2) Purchase of Schedule E (12.5%) good in Maharashtra – Rs. 1,68,750/-
inclusive of Tax.
3) Purchase from Chennai against form ‘C’ – Rs. 52,000/- inclusive of Tax CST.
10
B) Sales tax payable on product ‘A’ if sold within State of Maharashtra is 12.5%.
If the product is sold in Inter-State, what will be the Central Sales Tax payable if;
a) Buyer furnishes ‘C’ form
b) Buyer furnishes ‘H’ form
c) Buyer does not furnish any form
d) Buyer furnishes ‘J’ form
e) ‘F’ form received from branch. 10
————————
B/
Post Graduate Diploma In Taxation Examination, 2013
Paper – IV : INDIRECT TAXES – STRUCTURE AND PROCEDURE
(Central Excise and Service Tax)
Time : 3 Hours Max. Marks : 100
N.B. : I) Q. 6 and Q. 7 are compulsory.
II) Attempt any three questions from Q.1 to Q. 5.
III) Figures to the right indicate full marks.
1. Define the term “Excisable goods” and explain the relevance of the statement,
“Excise is a duty on goods indigenously manufactured” with special reference
to provisions of Section 3 of Central Excise and Salt Act, 1944. 20
2. Explain the registration procedure u/s 69 and Rule-4 with reference to Service
Tax. State documents to be attached with application of registration.
What is the penalty for non-registration ? 20
3. Write down the provision u/s 6 of Central Sales Tax Act, 1956 in respect liability
to pay tax on Inter-State sales. Also explain the various forms for declaration
under the Act. 20
4. What are the provisions under VAT Act, 2002 in respect of, “Tax free goods”,
VAT, Audit offences and penalties ? 20
5. Write short note on :
a) Incentives to SSI unit.
b) Assessment procedure under service tax.
c) “Set off” under VAT Act, 2002
d) Declared goods under CST. 20
P.T.O.
Seat
No.
[4396] – 104 -2-
6. Determine the ‘assessable value’ in each of the following instances for the
purpose of charging excise duty. Give reasons wherever necessary.
I) A B C Company Ltd. manufacturing refrigerators in Mumbai. The heading
under Tariff Act, is No. 841810 carry , ‘abatement rate’ of 40% and they are
specified only in the First Schedule. Find out the amount of duty if the
MRP (Maximum Retail Price) of a fridge is Rs. 40,000/- only and the rate of
excise duty is 16% plus education cess @ 2% and 8 AM education cess is @ 1%
II) Ramanand Ltd. selling the product inclusive of basic duty @ 16% and plus
education cess. Per piece price is Rs. 3,000/- what will be the duty liability and
assessable value for per piece ?
III) XYZ Ltd. a manufacturer having factory in Pune, has uniform price of
Rs. 500 (Excluding taxes) for sale any where in India. During 2011-12 he
made following sale.
a) Sale at factory gate at Pune-1000 pieces no transport charges.
b) Sale to buyers in Mumbai- 500 pieces actual transport charges incurred
Rs. 15,000/-.
c) Sale to buyers in Bangalore-700 pieces actual transport charges incurred
Rs. 50,000/-.
d) Sale to buyers in Ahmedabad-800 pieces actual transport charges Rs. 25,000/-
Find assessable value and duty liability @ 16% plus cesses apply.
IV) Determine the value for charging duty of excise and compute excise duty payable
from the following information.
a) Total invoice price Rs. 18,000/- (depot price)
The invoice price includes the following.
i) State VAT Rs. 1000/-
ii) Octroi Rs. 200/-
iii) Insurance Rs. 100/- (From factory to depot)
iv) Freight Rs. 700/- (From factory to depot)
Rate of basic excise duty is Rs. @ 16% ad valorem. Education cess is
applicable. 20
-3- [4396] – 104
7. A) BGK Co. Ltd. a registered dealer under MVAT Act in Pune sold goods within
State specified in Schedule C (rate of tax @ 4%) and schedule E (rate of tax
@ 12.5%). From the following details determine the amount of VAT liability
for the month of March 2012.
Sales :
1) Sale price of Schedule C (4% ) goods Rs. 5,00,000/-
2) Sale price of Schedule E (12.5%) goods Rs. 3,00,000/-
3) Sale price of Schedule C (5%) goods Rs. 7,50,000/-
All the above sales are exclusive of Tax.
Purchases:
1) Purchase of Schedule C (4%) goods in Maharshatra – Rs. 4,16,000/-
inclusive of tax.
2) Purchase of Schedule E (12.5%) good in Maharashtra – Rs. 1,68,750/-
inclusive of Tax.
3) Purchase from Chennai against form ‘C’ – Rs. 52,000/- inclusive of Tax CST.
10
B) Sales tax payable on product ‘A’ if sold within State of Maharashtra is 12.5%.
If the product is sold in Inter-State, what will be the Central Sales Tax payable if;
a) Buyer furnishes ‘C’ form
b) Buyer furnishes ‘H’ form
c) Buyer does not furnish any form
d) Buyer furnishes ‘J’ form
e) ‘F’ form received from branch. 10
————————
B/
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