Sunday, 31 January 2021

ANU UG B.Com 5th Sem Goods and Service Tax Fundamentals Important Questions


 ANU UG B.Com 5th Sem Goods and Service Tax Fundamentals Important Questions: Acharya Nagarjuna University B.Com 5th Sem GST important questions with previous year questions. The candidates who are appearing for March 2021 exams can check these important question. These questions are prepared by ANU FAST UPDATES Team.

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UNIT-I (Introduction)

10 Marks Questions

  1. Define GST and narrate the advantages and limitations of GST.
  2. What are the constitutional amendments for introduction of GST.
  3. Write brief note on (a) C.G.S.T  (b) S.G.S.T  (c) I.G.S.T
  4. Enumerate the scope and advantages of GST.
  5. Explain the powers and functions of GST council.
  6.  "GST is a consumption / Destination based tax" Comment.[ANU-19]
  7.  Describe the process of introduction of GST. [ANU-18,19]
  8. Give an overview on need for tax reforms.[ANU-18]
  9. Explain the role of Central board of excise and customs(CBEC). [ANU-17]
  10. Enunciate  the salient features of  GST.[ANU-17]
  11. Write about five defects of indirect taxation system in India prior to introduction of GST.
  12. write the shortcomings and advantages at the central level and state level on introduction of GST.

5 Marks Question

  1. Enumerate the need for tax reforms in India.
  2. What are the limitations of VAT? [ANU-19]
  3. Write a short note of GST council.[ANU-19]
  4. Explain the impact of GST on state and central government.
  5. Objectives of GST.
  6. Write a short note of GST council.[ANU-19]
  7. Concept of VAT.[ANU-18]
  8. CGST. [ANU-18]
  9. GST meaning and objectives [ANU-17]
  10. Documents required for registration under GST.[ANU-17]


 10 Marks Questions

  1. What is the Australian model of GST?
  2. Explain the comprehensive structure of GST model in India.
  3. Explain the Model GST of Australia, Canada, Kelkarshah and Bag chi-poddar.
  4. Describe the categories of supply which shall not be regarded on either supply of goods or services. 
  5. How Canada model as a base for India GST?[ANU-17]
  6. How dual GST is better than single GST.
  7. Discuss in detail persons who are liable for registration.[ANU-19]
  8. What are the different kinds of models under GST.[ANU-19]
  9. Explain various elements covered under GST.[ANU-18,17]
  10. Examine the Bag Chi - poddar's model of GST.[ANU-18]

5 Marks Questions

  1. Principles of GST
  2. Tax on Tobacco products.
  3. Explain the Single Vs Dual GST.
  4. Canadian Model.[ANU-19]
  5. Australian GST.[ANU-18]
  6.  Concurrent dual GST.[ANU-17]
  7. Benefits of Dual GST.[ANU-17]
  8. Write briefly about Kelkhar- Shah model of GST.

UNIT-III ( Taxes and Duties)

10 Marks Questions

  1. What are the taxes and duties subsumed with introduction of GST.
  2. What are the services exempted under GST.
  3. What are  the principles underlying tax subsumption under GST?
  4. What are the tax rates on tobacco products?
  5. What are the taxes subsumed under GST?
  6. Explain the services exempted under GST. 
  7. Write a detailed note on composition of GST in India.[ANU-19]
  8. Explain the central and state taxes subsumed under GST.[ANU-19]
  9. Give a detailed note on taxation of services.[ANU-18]
  10. Explain about various items merged under GST.[ANU-18]
  11. Explain briefly GST on petroleum products.[ANU-17]
  12. Sate any ten services for the levy of GST.[ANU-17]

5 Marks Questions

  1. Tax on Tobacco products.
  2. Taxes which are not subsumed in GST.
  3. Aggregate Turnover of GST Act.[ANU-19]
  4. Excise duty.[ANU-18]
  5. Submission of central taxes in GST.[ANU-17]

UNIT-IV ( Inter-Sate Goods and Services tax)

 10 Marks Questions

  1. What is IGST model? Explain the features of IGST model. 
  2. Illustrate how Inter-State and Intra-State Transactions are levied with an example?
  3. Write a brief note on how to determine time of supply of goods and services.
  4. Explain the place of supply of goods and services under GST. [ANU-19,17]
  5. Write about in detail the GST Valuation Rules.[ANU-19]
  6. Examine the nature and scope of interstate goods and service tax.[ANU-18]
  7. Bring out the advantages of IGST model.[ANU-18]
  8. Define export and import of services.[ANU-17]
  9. Explain about the taxes under GST are levied on the Intrastate or intra union territory transaction explain.
  10. when does IGST is levied and what are its objectives.

5 Marks Questions

  1. Write any ten services which are taxed under GST with GST Rates.
  2. What are the major advantages of Integrated Goods and Services Tax(IGST) Model?
  3. Interstate supply meaning.[ANU-17]
  4. Intra-State supply services.[ANU-19]
  5. Interstate transactions.[ANU-18]
  6. What is state GST.

UNIT-V ( Time of supply of Goods and services)

10 Marks Questions

  1. What is meant by " Time of supply to goods and services'? Explain rules to recognize time of supply of goods and services.
  2. Explain different types of supply.
  3. Explain how input tax can be utilized.  
  4. Explain the conditions to claim input tax credit under GST.
  5. what are the inclusion and exclusions in the amount of GST, SGST and IGST account.
  6. Discuss the conditions for claiming ITC under GST.[ANU-19]
  7. Write about in detail the GST Valuation Rules. [ANU-19]
  8. Write in detail about distribution of input tax credit.[ANU-18]
  9. Write about a) Utilization of ITC at central level b) Matching of input tax credit. [ANU-18] 
  10. Explain in detail about ITC with assumed figures. [ANU-17]
  11. Explain about a) Composite supply b) Mixed supply.[ANU-17]
  12. Explain the time value of Goods and Services.
  13. Define Input Tax Credit? Explain cross utilization of ITC between state and central GST.
  14. What is ITC? Explain its importance under GST model.

5 Marks Questions

  1. Explain the eligibility to claim Input tax credit.
  2. Meaning of supply of goods and services under GST?
  3. Distribution of Input Tax Credit (ITC).
  4. Composition Scheme meaning and benefits.
  5. What is electronic credit ledger under GST?[ANU-19]
  6. What is meant by reverse charge? 
  7. Supply of goods.[ANU-18]
  8. Subsuming of central taxes in GST.[ANU-17]


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