TYBMS Sem 6 Indirect Tax Question Paper 2026 - Mumbai University | munotes

Questions asked in this paper

1. Q2 Figures to right indicate full marks
2. Q3 Working Note should form part of your answer
3. Q1 (A) Multiple Choice:(Any 8) 8 marks
   • a) Union Minister of State in charge of Revenue
   • c) One elected person amongst the state Finance Minister’s
   • d) Minister in charge of Finance or Taxation
4. Q2 IGST shall be levied on with effect from the date notified by the Government
   • a) Alcoholic liquor for human consumption
   • b) Petroleum products
   • c) Natural Gas
   • d) Motor Spirit
5. Q3 For services such as Restaurant and catering, personal grooming, fitness, beauty treatment, health services etc. place of supply is the location
   • a) of recipient
   • b) where service is actually performed
   • c) of supplier
   • d) of registered person
6. Q4 The Liability to pay tax on goods arise at the
   • a) Dispatch of goods
   • b) Removal of goods
   • c) Time of supply
   • d) Delivery of goods
7. Q5 HSN Code Stands for
   • a) Home Shopping Network b) Harmonized System of Nomenclature
   • c) Harmonized System Number d) Home State Number
8. Q6 GSTR 10 is
   • a) Monthly return by input service distributers
   • b) Monthly return by input service distributers
   • c) Return to be filed by a person having UIN
   • d) Final Return
9. Q7 TDS certificate is to be issued by deductor in form
10. Q8 The amount of tax collected is to the government within days after the end of the month in which tax is collected
11. Q9 Interest @ is payable on delayed payment of taxes
12. Q10 is the application form for registration of casual taxable person
    • a) GSTR REG-4
    • b) GSTR REG-5
    • c) GSTR REG-01
    • d) GSTR REG-09
13. Q1 (b) State whether following is True or False: (Any 07) 7 marks
14. Q1 A Company and its sole agent are related persons
15. Q2 Export of goods or services is considered as zero rated supply
16. Q3 Where goods are installed at site, place of the recipient becomes the place of supply
17. Q4 The prescribed limit for Karnataka is 1.5 crore under composition scheme
18. Q5 The date of issue of voucher is the time of supply of vouchers when the supply with respect to the voucher is identifiable
19. Q6 of Registration granted to tax deductor cannot be cancelled
20. Q7 Over the counter payment above Rs.10,000 is allowed by way of cheque or demand
21. Q8 The Goods and Service Tax Identification Number is a 15 Digit unique number
22. Q9 bill once generated cannot be cancelled 10.GSTR 2 is details of inward supplies of taxable goods/services claiming input tax
23. Q2 (a) Mr. Manish gives you the following information of his transactions for November 2021.As per provisions related to goods and service Tax classify the following items as taxable or not taxable. (08) Rent received for machinery in Factory A building was let out for Vidya vikas school 7,00,000 Interest received from reserve bank of India 10,000 Houses are let out to an individual for residential purpose 40,000 Royalty for authorship of books 2,00,000
24. Q2 (b) From the following details calculate the value of supply: Contracted value of supply of goods by Mr. Khan to Mr. Parag The following expenses were incurred by Mr. Parag on behalf of Mr. Khan: 7 marks
25. Q1 Cost of Packing 15,000
26. Q2 Loading Charges 28 marks
    • (i) Delivery Charges paid to Mr. Gopi by Mr. Parag on instruction of Mr. Khan 12,000
    • (ii) Additional packing charges paid by Mr. Khan on behalf of Mr. Parag 15,000
    • (iii) Subsidy received from the ABC pvt Ltd 10,000
27. Q2 (c) : Prapti Limited, a trading concern in Mumbai furnishes you with the following information for the financial year 2021-22 Find out whether Prapti Ltd is eligible to opt Value of inward supplies on which tax is payable under RCM (GST Intra state supplies which are wholly exempt under sec 11 of CGST Intra state supplies of goods Chargeable at 18% GST. 20,50,000 Intra state supply is made which are chargeable to GST at NIL rate. 4 Intra state supplies of Goods chargeable at 5% GST
28. Q2 D Rajapur Post Office provided the following services to person other than Government during the year ending 31-03-2022. classify the following items as taxable or not taxable Transfer of money through money orders 6,50,000 Operation of saving accounts 2,50,000 Distribution of bonds 6,50,000 Issuance of postal orders 4,50,000 Collection of Telephone bills 2,50,000
29. Q3 A From the following Transactions Find Out Place Of Supply. 8 marks
30. Q1 Mr P of Mumbai, sell 15 air conditioners to Q of Pune for delivery at Mr Q place of business at Pune
31. Q2 Mr.Pritesh located at Pune place an order toMr.Kiran of Pune for installation of machinery at his factory in Madras
32. Q3 Mr.Nitin purchase food packet in train at Ahmedabad, whereas train is running from Mumbai to Delhi. Food packets were loaded in train in Mumbai
33. Q4 Ms. Ashwini of Punjab places an order to Mr. Amol of Mumbai for delivery of certain goods. Ms. Ashwini directs Mr Amol to deliver goods to Mr. Rahul in Indore
34. Q3 (B): Determine the time of supply in the following cases of supply of services. (Assuming Tax Payable on Reverse Charge Mechanism): Explain the Provisions relating to Supply of Services under RCM. (07) Sno. | Date of Payment by Recipient | Date of Issue of Invoice by for supply of services the supplier of services
35. Q3 \(c) :Mr. Vikrant Rona supplies goods and services from Bangalore. He states that he is not required to register under GST Laws, Compute the aggregate turnover and advice whether he is liable to get registered.He furnishes the following details as under. (08) Date of supply
    • b. Exempted supplies to the extent of Rs.90,000 were made in Bangalore
    • c. Mr. Vikrant Rona supplied agricultural produce worth Rs.90,000 that was cultivated by Mr. Pathak to whom wages of Rs.1,000 p.m. were paid and was supervised by Mr
36. Q3 (d) Determine Time of Supply in the following cases assuming the GST is payable on Reverse Charge basis (RCM). Write down the Provisions Relating to time of supply on RCM Sno. | Date of Receipts of | Date payment by the recipient of | Date of issue on invoice goods goods by supplier of goods
37. Q4 (A) Mr. Gandhi is registered in the State of Gujarat and provides following details for the month of December. Calculate his net tax liability. (08) Opening balance in Electronic Credit Ledger as on 1st December:
38. Q1 IGST - NIL
39. Q4 (B) You are required to calculate, ITC available for the month of January, 2022. 6 [Goods stolen from 7 marks
40. Q4 (c): M/s Veera Associates registered in state of Uttar Pradesh provides following details for the month of May. Calculate its net tax liability for the month of May.As business commenced on 14” May, there is no Opening Balance in Electronic Credit Ledger Transaction during the Month Excess credit of IGST to be utilized against CGST & SGST in the ratio 70:30. (15)
41. Q5 (a): Explain Business , Goods and E-Commerce Operator as per GST. 8 marks
42. Q5 (b): Explain Difference Between Mixed Supply and Composite Supply 7 marks
43. Q5 Write Short Notes (any 3) 15 marks
    • b) E-Way Bill
    • c) Credit Note
    • d) Related Person
    • e) Aggregate Turnover as per Registration Scheme

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