MCom Part II SEM IV 2017 18 May 2017-18 ADV. ACCOUNTING, CORPORATE ACC & FIN MGT Question Paper - Mumbai University | munotes

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1. Q2 Figures to right indicates maximum marks
2. Q3 should form part of the main answer
3. Q4 Use of simple calculator is allowed
4. Q1 Explain the process relating to verification of the application and its approval for Registration under GST Mr. Rajesh, started his business from 1st October, 2017. Details of Monthly Purchases. (15) & Sales from October, 2017 onwords are.as follows: Find out from which Month Mr. Rajesh is eligible to apply for registration as per the provisions of the GST Act. Give necessary justification of your answer 15 marks
5. Q2 Explain the benefits of GST. 15 marks
6. Q2 Mr. Aiyar, is a registered dealer in the state of Maharashtra under GST provides the following information about his business for the month of January,2018: Details of Electronic Credit Ledger for the Month of January, 2018 are as follows: Input Tax Credit available on Purchase during 20,000 30,000 30,000 Compute Net Tax Liability of Mr. Aiyar for the Month of January, 2018 15 marks
7. Q3 Explain the provisions of Place of Supply of Services u/s.12 (8) to 12 (14) of IGST 15 marks
8. Q3 Mr. Pandey, is a registered dealer in Mumbai under GST, provide the following details of his Purchases & Sales for the Month of February, 2018 Compute Net Tax Liability under GST of Mr. Pandey for the Month of February, 2018 assuming Opening Balance of Electronic Credit Ledger Balance is NIL 15 marks
9. Q4 a) State whether the following statements are True or False 8 marks
10. Q1 Goods and Service Tax is applicable in India from 1-7-2017
11. Q2 Daman and Diu is to be considered as Union Territory under Goods and Service Tax
12. Q3 When IGST is applicable, CGST and SGST is not applicable
13. Q4 Without Registration for GST, a person can neither collect Tax nor claim Input Tax
14. Q5 Meghalaya is special category state under GST
15. Q6 An agriculturist is not liable for registration to the extent of supply of goods from cultivation of land
16. Q7 GSTIN is 15 digit GST identification number
17. Q8 PAN number is compulsory to obtain GST register for Resident Indian Select the appropriate and rewrite the sentences. (07)
18. Q1 GST would be applicable on of goods or services
19. Q2 person is liable to registered under GST law where aggregate sale exceeds In general category
20. Q3 is the application form for casual taxable person
21. Q4 Supply of goods from one state to another state by movement of goods will be treated
22. Q5 Where supply is received at registered place of business, location of recipient of e Location of place of business e Location of fixed establishment e Location of establishment must directly concerned e Location of usual place of residence of recipient
23. Q6 Every deposit made towards tax, interest, penalty fee or any other amount shall be
24. Q7 The Electronic Credit Ledger shall be maintained in form
25. Q4 Write short notes (any three) Compulsory registration u/s. 24 of GST 15 marks
26. Q2 Principles adopted for subsuming the taxes under GST Place of Business under GST

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