B.Com.,B.B.A (Nov-2012) Madras University -Business Taxation

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B.Com., B.B.A (Nov-2012) Madras University, , Second Year, Semester-IV, Business Taxation, BPW4C Question paper


Course: B.Com B.Com       University/board: Madras University



University Name: Madras University
Name of the Degree: Bachelor of Commerce (Bank Management)
Title of the Paper: Business Taxation
Month & Year of Examination: November - 2012
Subject Code: BPW4C
Semester:IV
Year: Second Year

Time: Three hours
Maximum: 75 marks

PART- A

(10 * 2 = 20 marks)

Answer any TEN questions, each not exceeding 50 words.
All questions carry equal marks.

1. What is direct tax?

2. Give examples of direct taxes.

3. What do you mean by Excise duty?

4. What do you mean by customs duty?

5. What is export duty?

6. Under what circumstances export duty is refundable?

7. What is meant by normal price?

8. Who is a dealer under CST Act?

9. State the transactions exempt from CST Act.

10.What is Input tax credit?

11.What are the exempted goods under VAT Act?

12.What do you mean by service Tax?


PART- B 

(5 * 5 = 25 marks)

Answer any FIVE questions, each not exceeding 200 words.
All questions carry equal marks.

13. What are the special features of Indirect Taxes?

14. What do you know about Inter-State sale?

15. What are the objectives of CST Act?

16. What are the advantages of VAT?

17. Explain the different bases of excise duty.

18. Discuss the meaning of "Excisable goods". Under section of 3 of the central Excise Act.

19. What are the advantages and disadvantages of single tax system?


PART- C 

(3 * 10 = 30 marks)

Answer any FIVE questions, each not exceeding 500 words.
All questions carry equal marks.

20. Explain the various methods of calculating VAT.

21. What are the reasons for prohibiting imports and exports? Explain.

22. Explain the meaning of
(a) Specific tax
(b) Advalurem tax
What are the advantages of Ad valurem tax?

23. State the features of CST Act.

24. What are the principles of Taxation?