CHRIST (DEEMED TO BE UNIVERS ITY), BENGALURU - 560029
End Seme ster Examination March/April - 20 19
Master of Commerce IV SEMESTER
Code: MCO442A
Course: GST AND CUSTOMS
SECT
Answer any seven Questions. Each carr 7X5=35
1 Write short notes on GST common port‹
What precautions, a taxpayer is require nce under
GST?
What is the time period within which in involving
continuous supply of service
Explain the provisions on E -comme an
Define location of the recipient iees.
6 Who is eligible for composition
7 Value of supply of goods and ster-state is
Value of supply of goods and s IGST ra
goods and services is 12o i. Value o
goods and services wi ,000. SGST and CGS" on receipts are
6%. Calculate the tax
8 Examine taxable ev port applicab • import.
9 Explain various ssm
Give a brief fra ewo eturn
SE CTIB
Answer a us. Each carrie s ten Marks. 5X10 =50
i of credit by Input Service Distributor (I SD).
12 Gi s liable for registration and not liable for registration.
13 D Ie and elucidate the provision relating to composite levy under
14 Mr. ubmi th information in relation to manufacture
illi ach‘ ut e net GST liability form the following
informa
Partic ulars
Import of raw-materi
import and 12% of I
g 10% of BCD on
2.40.0
Raw materials p om Karnataka
(including CG S 2,81,600
SGST @ 14%)
Raw materi
sed from Goa including IG ST @
O
O 63, 000
Subsid rec from N GO which was directly related
1 ,0
to the goods
ied by Mr. S athish for delayed payment 575
dditional incentives paid to the employees of sales
department 5, OO
arranty charges 8,500
Manufacturing expenses 6,000
Service received from a registered dealer to
manufacture a machinery rate of GST applicable to 23, 000
these services 12%.
Along with the machine he supplied 3 different components at a fixed price of Rs.
25, 000 each of these components are not naturally bundled with the supply of the
machine. The GST rate of the three products is 5%, 12% and 28% respectively.
Mr. Komalesh sold the machine to Mr. Umesh a registered dealer in Delhi at a profit
of 15% on the cost of production and the rate of GST on such sales is 18%.
15 Mr.Hary is a registered dealer in J aipur. From the following particulars, find out the
taxable turnover and I GST payable under the GST Act:
• Chocolates not containing Cocoa worth Rs. 2,04,000 sold to a
regis tered dealer of Punjab (IG ST rate is 28%)
• Mineral water worth Rs. 2,20,000 were transferred to their branch
at Kolkata (IG ST rate is 18%)
• Ayurvedic medicines worth Rs. 1,64,800 are sold to the regis tered
dealer of MP.(IGSTrate is 12%).
• Skimmed milk powder worth Rs. 54,000 are sold to the registered
dealer of UP.(IG ST rate is 5%).
• Goods amounting to Rs. 3, 10,000 were sold to firm of London in
the cours e of export outs ide India.
• Silver worth Rs . 5,40,000 are sold to a registered dealer of
UP. (IG ST rate is 5%).
• Coffee beans worth Rs, 2,20,000 were transferred to their branch
at Kolkata.
• Sale of Petroleum products to a registered dealer in UPfor Rs.
2,50,000.
• Sale of alcoholic liquor for human consumption to a registered
dealer in MP for Rs.4,50,000.
16 Mr. C handru a registered dealer submits the following information for the month of
April 2018.
Particulars us. GST
Details of urchase:
Raw-material purchased from another state 12, 00, 000 5%
Raw-material A purchased within state 40, 00, 000 12%
Raw-material purchased from USA c osting Rs,
10, 00, 000
12, 98, 000 18%
(including BCD @ 10% i.e 1,00,000 and
including IGST)
Raw-material B purchased within the state
from a dealer who opted for composition 8, 00, 000 2%
Details of Sales:
Sale of goods purchased from interstate
purchase and imported raw-materials to a
30,00,000 5%
person of Hyderabad who opted for
composition scheme
Goods sold to an unregistered dealer of
Mangalore 1, 50, 00, 000 12%
Sale of goods to a union territory of
Pondicherry produced from raw-material A 12, 00, 000 18%
Sale of goods purchased from raw-material B
to registered dealer in B elagavi i o, 00, 000 28%
Sale of goods purchased from raw- ate ri a C 0
to SE Z in Bangalore ‘ 7, 00, 000 0 /0
Note: the purchases and sales figures given above do not include GST. Compute the
amount of GST payable.
17 Calculate the total tax liability under the GST act for the month of October 2017
from the following particulars:
Inputs purchased within the state at 5% GST 1, 70, 000
Capital goods purchased from Goa used in the
manufacture of taxable and non-taxable goods @ 5% 5, 00, 000
I GST
Inputs purchased from a registered dealer who opt
2.00.000
for composition scheme
High seas purchases of inputs including B CD @ 10O O
1,00, 000
and excluding I GST at 5%
Materials purchased from T‹elangana at 12% GST 40, 000
Finishe d qood! ’A’ s old-
s
• Within the state at 12% G ST 2,00,000
f interstat tra
2,50,000
Finished goods ’B’ sold to SE Z on which tax is
exempted (these goods produced from the materials 50, 000
purchased from Telangana)
ON C
Case study: Compulsory
18 A company imported E urope. From the following
determine the asses information customs duty:
Cost of machine, lude the following) 25, 000 Euro
The importer sent the exporter for the mac hine, whichever used in
manufacturing of 20, 000 Euro
Design and nses incurred outside India 15, 000 Euro
Technical fe 00 Euro
Installation the machine in the factory Rs. 50, 000
Packing Euro
Trans s 1, 000 Euro
EX C han ge rate d
eclared by the R.B .I
. 46 per Euro
