Download DCL-745 DCL-534 GOODS AND SERVICES TAX (GST)

B.COM (HONS)/ M.COM (FYIC) (SEMESTER IV)
DCL-745/ DCL-534: GOODS AND SERVICES TAX (GST)
Maximum marks 100
Time allotted: 2 hours
INSTRUCTION FOR THE CANDIDATE:
Student is required to do any four questions from the total eight questions provided
below. Each question carries 25 marks.
1. “Because of India’s federal structure, dual GST model had been adopted.” Elaborate the
statement with detailed description of different types of GST levied by government.
2. What are different features of goods and services tax?
3. Discuss in detail the types of supply as per GST Act, 2017.
4. Give detailed note on composition scheme.
5. Who are liable to get registration under GST? Briefly describe the procedure for getting
registration.
6. “The taxable event in GST is supply and it includes different elements.” In view of the
statement describe the elements that constitute the part of supply.
7. a) Following are the details of the continuous supply transactions made on different dates by
Prakash ltd. to ABC ltd.
Transaction
Date of removal of Date
of Date
of Date
of
no.
goods
stateme
invoice
payme
nt of
nt
affairs
1
12/08/2020
06/09/2020 08/09/2020 10/09/2020
2
22/08/2020
3
28/08/2020
Determine the time of supply with detailed description of the provisions applicable.
(15)
b) From the following information determine how to utilize ITC on account of CGST available
in electronic credit ledger:
• CGST balance in ITC ledger available for the month of june,2020 5,00,000
• CGST payable for the month of June, 2020 2,35,000
• IGST payable for the month of June, 2020 1,05,000
• SGST payable for the month of June, 2020 35,000
What will be the balance left in the ITC ledger after all setoffs?
(10)
8. Provide detailed note on Credit note, debit note, e-way bill, GSTR1, GSTR2, GSTR3 and
GSTR3B.