BCom In Accounting & Finance (BCAF) SEM II 2014 2015 2015 INDIRECT YAXATION Question Paper - Mumbai University | munotes

Questions asked in this paper

1. Q2 Rate of tax for Schedule A goods is 1%
2. Q3 Set calculated on purchases
3. Q4 An importer can register with of goods Rs. 1,00,000 and taxable good sold Rs
4. Q5 Old News Paper is not a goods
5. Q6 Polishing a diamond is a manufacturing activity
6. Q7 MVAT is also application on goods sold out of Maharashtra state
7. Q8 A chartered accountant is a dealer under MVAT Act 2002
8. Q9 Sale of Computer on hire purchase system is a Sales transaction as per the provisions of
9. Q10 Land is not a goods
   • B] Match the following (Any 07) 7
10. Q1 Schedule D a] Gold
11. Q2 Auctioneer b] Excluded from definition of sales
12. Q5 Live-stock e] 20%
13. Q6 Sale of motor car f] Other than Schedule A goods
14. Q7 Schedule C Manufacturing
15. Q8 Assembling of cycle h] Dealer
16. Q9 Hypothecation of goods i] Not a Goods
17. Q10 Money j] Goods Q-2 Mr. Yogesh is a dealer, determine from which month he is liable for registration under

Read from the scan above, so a character or two may differ. The scan is the original.