Mumbai University Solved Question Papers
Taxation Laws
Previous Year Question Paper with Solution
BLS LLB 5 Years · Sem 8
Nov 2015 Examination
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BLS LLB 5 Years Sem 8 Taxation Laws Nov 2015 Question Paper with Solutions
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First published on munotes.in on 24 October 2026.
Published by munotes.in, Mumbai.
Model answers written and edited by the munotes.in editorial desk.
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The University does not publish an official answer key for this paper. The answers in this volume are model answers, written to show how a full-mark answer is built. They are a study aid, not an authority on what an examiner marked.
The question paper reproduced here is the paper as set by the University of Mumbai at the Nov 2015 examination.
The law in these answers is stated as at October 2026. The Income-tax Act, 2025 replaced the Act of 1961 from 1 April 2026; each answer gives the 1961 section the paper asks for, with the 2025 section beside it. No wealth-tax is charged for the assessment year 2016-17 or any later year (section 3(2) of the Wealth-tax Act, as amended in 2015). Since 1 July 2017 the Maharashtra VAT Act covers only liquor and a few petroleum products, and the Central Sales Tax Act six goods; other goods are taxed under the GST Acts of 2017. The central sales tax rate on sales against Form C has been 2 per cent since 1 June 2008, though section 8(1) still prints 3 per cent. The standard deduction from salary, withdrawn from 2005-06 to 2018-19, is now Rs 50,000, or Rs 75,000 under the new regime.
Contents
The questions below are the paper as the University of Mumbai set it at the Nov 2015 examination, in the order it was set.
MarksPage
MarksPage
The Paper as Set
The questions in this volume are the questions asked at the Nov 2015 examination, reproduced as the University of Mumbai set them, in the order it set them. Nothing has been reworded, added or left out. Only the answers are ours. See the original question paper.
Duration 3 hours · Total marks 100 · 25 questions answered
How to use this volume
Solve the paper first, under exam conditions and against the clock. Then read the answers here and mark your own. Reading a solution before attempting the question feels productive and teaches very little, because recognising an answer is not the same as being able to write one.
Q.1
Q.1: Write short answers, not more than two sentences
20 Marks - 2 marks each
(a)State the rate of tax applicable on goods specified in Schedule C and Schedule E under the MVAT Act.[2]
Answer
The rule. Look at section 6(1) of the Maharashtra Value Added Tax Act, 2002, as it stood when this paper was set. It levied sales tax on the goods in Schedules B, C, D and E "at the rates set out against each of them". So each Schedule carried its own rate.
Schedule C: 5 per cent. Schedule C was the lower-rate Schedule. It listed goods of common use and industrial inputs. From 1 April 2010 its general rate was 5 per cent (Notification No. VAT-1510/CR 47/Taxation-1, raising it from 4 per cent). A few entries stayed at 4 per cent. These were chiefly declared goods, which central law did not let the States tax above a ceiling.
Schedule E: 12.5 per cent. Schedule E was the residuary Schedule. It covered all goods not named in Schedules A to D, at 12.5 per cent.
Later changes.
- Schedule C rose to 5.5 per cent from 1 April 2016.
- On 17 September 2016, Schedule C rose to 6 per cent and Schedule E to 13.5 per cent (Notification No. VAT.1516/CR 123/Taxation-1).
Why it matters. A good not found in any other Schedule fell into Schedule E. So the residuary rate was the default, and a dealer claiming the lower rate had to show that his good was named in Schedule C.
Example. In November 2015, goods of Rs 1,000 in Schedule C carried tax of Rs 50. Goods of Rs 1,000 in Schedule E carried Rs 125.
The position now. Since 1 July 2017 the Act taxes only the goods in Schedule B (section 6(1), as amended by Maharashtra Act XLII of 2017). Schedules C and E no longer exist; their goods are under GST.
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