Q.P. Code - 02V601 Sixth Semester B.B.A. Degree Examination, August/September 2024 (NEP Scheme) Business Administration Paper BBA-VOC (6.68) - GOODS AND SERVICES TAX (Max. Marks : 60 Time : 2 Hours} Instructions to Candidates > Answer should be written completely either Kannada or in Brglish, SECTION ~ A/ayeri- 2 1. Answer the following : Sevoaaprivay ovgda: PART-1 Answer ALL multiple choice questions only once. Each question carries 1 mark : (6x 1=6) dep. nad vol Gepivay talyaiag Yds. G8 Get 1 od! (a) GST is a comprehensive tax regime covering () Goods (i) Services _ fill) Both goods & services (iv) Goods, services & imports GST__ a tairhaodchal xebr} god aieigaie @ ad% (i) Scstrieo (iii) soe) sow Accrid adda (iv) AER eer soy esoA (b) IGST is payable when the supply is f) Interstate (i) Intra-Union territory (ii) Intra state (iv) All of the above daggain whdbaod [GST way seaseeiorordge (i) vosovees, (i) Scones Gekaceet (ii) cargchovnas (ix) Seeds agste 1Q.P. Code - 02V601 (c) What are the taxes levied on an intra-state supply? () CGST (i) SGST ii) CGST & SGST (*) IGST Datg eens dadgob abed afioad sortie oie)? () CGST (i) SGST (iii) CGST a8) SGST () IGST (4) Which of the following taxes will be levied on imports? () CGsT (i) SGST (ii) IGST iv) Exempt SUAS aivs SOrtrivay exdddrid aed DbNoerogS? () cGsT (i), SGST (iii) IGST fix) Ssean03 (€)_ Value of supply under Section 15(1) is (i) | Wholesale price (i) Market value (ii) Maximum retail price ix) Transaction value Oyart 15 evadyeri (1) eBodd gadsad aPe, () Brit es (i) [Link], (ii) Oa 9S wd (iv) REET BPE, () What does ‘N’ stands for in HSN? () Network i) Nationalisation (iii) Nomenclature (iv) Nomination HSN 89,‘N’ acd aw? () Setderr (i) wAgede (iii) manse (ix), RAdErST PART =I Answer any THREE sub-questions, Each question carries 2 marks : oinareidie saw sgrien eugOA 33 3¥N2 woaried: (8x2=6) Jef Define GST. GST ay maan,arQ.P. Code - 02V601 Jar State any two objectives of GST. | GST ob ainsymddie adad eudesriday 30% \ () What is aggregate turnover? tub DESL aod? \ ir What is Tax invoice? 30H Rdd Se dodded? Bias RPE, oad? SECTION - B/dyar - 0 Answer any THREE of the following questions. Each question carries 4 marks: (3x 4= 12) Zefa oinajoanide dew sgyiet eugdr 38 Jat 4 wosried : \ . (§) What is transaction value? 2. What is composite supply? Give two examples. Boaloeess Boge Socideas? aved eumoatdesridar OA. | | _3¢ What are the salient features of GST Act 2017? | GST wees 2017 d Baw ogerridesd? | “4c ABC Ltd. sold goods to DEF Ltd. on 20-4-22 for € 50,000 plus GST and | temoved the goods from the warehouse for making supply to DEF Ltd. on the came date invoice was issued on 20-04-2022, the payment was received on 18-04-2022. What is the time of supply? adh Ogoisaaé 20-4-22 dood DEF Ltd.11 € 50,000 eosit GSTA addorivay Samet \ BwBd. a3 DEF Ltd. f Sducsnn sieien RocaadoRod Bddoriday, Stic sess. | wde Bmaovsson 20-04-2022 docs antaadspy, Aedewcied, wasabi, 18-04-2022 dori 2geBsoaAG. Bago sAoad aay? M/s. Aradhana Limited of Chennai (Tamil Nadu) provides management consultancy services worth © 10,00,000 to M/S Alva Limited of Hosur (Tamil Nadu). Tax rate is 18%. Compute the taxability. uistg (garebsocb) M/s. woagae OAiiat, M/s. ey, Omtiat [Link] (sardmma) uso T 10,00,000 aPeytt aySertados! deg, HOFF Sordi, UBAWSS. S67 Bos) 18%, Sdravay, Sz, ws.Q.P. Code - 02V601 6. Me, Surest: purchases 11,000 bags fo atte value is & 85 per bag, SGST ANT et E NOGST paid on input goods and serewes wT state g 00 setively, Mr, Suresh sells 9,506 0,000 respec Mr, cs aha exports, 1,000 bags and balance S00 bags ts 1 M/S Kumar Enterprises wh ‘and CQST is payable at 6% ea ex ix © 50,000 a stock, Calculate Net G! payable, stor 11,000 eg ntrivady, DORIC. edd parvo DONO S a) Wa Seo, 85 despanned, SGST Sosy ca ast adeoried AX) LesTie Sed adasd SG! 50,000. ght odeot cancleuit Oe whdent GSH AP Roais Rwaanoaad ave}; Boo 6% asaurevarigs, Roy ax COST gaowen ~ 50,000 Wy © 9,500 elroriday, Bosy 1,000 Ueorivay, a) Aooedugd Bo) LS RApAYS. asaiseoad AIY GST dg, wa, SECTION - C/dyart = 3 Answer any THREE of the following questions. Each question carries: (3 x 12 = 36) 12 marl SUAS ainayoaddo Brow asied ougor J3 Jot 12 woo : 2? Mr. Gopal Rao (registered dealer) in Karnataka from the information as given below : (a) Raw materials purchased from foreign market including custom duty paid on imports @ 10% and exclusive of IGST @ 12% is © 550,000, (b) Raw materials purchased from local market (including GST charged on the materials @ 5%) % 2,30,000, (c) Raw material purchased from Odisha (includi @ Baw ont (including 1GST @ 124) (a) Transaction and insurance cost % 25,000. (ec) Manufacturing expenses & 3,50,000, () Materials purchased from a registered deale: composition scheme under GST 2 4 materials is 1%. nae r who opted for te of GST on this ()_ Profit margin of a manufacturer is 10% on the selling price. Mr. Gopal Rao sold 25% of the finished goods to a SEZ in Ba lore angal and the balance to a dealer in Bat goods is 12%. Compute the Nn Sartore GST rate on sale of such Jaiw SOO weorivoQ.P. Code - 02V601 Beortidd, Oe Mocumet ooat (Aocomons Boot) wad vt su AcBdds AvboSoioty OBO : (a) BapoF Roovatay, wBIAG BBQ 10% sow SeOdos OdeB Baws efos0r3 Bee, BRYN DOH aos 12% BOIGST sodaowOr F 550,000. (b) Bawls deOdos Aveo aodbvtfonod vem, mative, DBCdE axgrd see 5% % 2,30,000 dfxeoriog. (c) IGST Seddos wasabos Bese, meAA VAD, 12% % 45,000 B, DOeHrdd. (d) Bet aoa defo #e,% 25,000. (c) _ evsggine 23.8 3,50,000. () GsT BALA, Reads WAL Roalaerited POLFAArakd AocomaDs Beoo'od % 4,00,000 rent dean meabf\rie G1 82208 BoeOd GST dd 1%, (g) wwaaged eagnoday anooticd BSadbO 10% wAd. O& Roce vast vad 25% Havent Bova VordoBNO, words SEZ Boots aBuyy. aay wos xdeone Rooksd sed BoreoBs Beootri BORE GOs) 12% Ad, Asy GST Rorkmdsabw, Srv awa, The Ashoka Hotel Group of Companies provided the following services within State of Kerala from its various establishments, Compute the amount of GST payable for the month March 2023, (9) Supply of food or drinks in restaurant not having in air conditioning facilities @ 12% GST® 30,000, (©) Supply of food or drinks in restaurant having licence to serve liquor @ 18% GST &% 90,000, (c)_ Supply of food as drink in outdoor catering @ 18% (4) Renting of Hotels rooms @ 18% GST ¥ 2,285,000, (€) Supply of food and drink in air Conditioning restaurant in § star or above hotel @ 28% GST 1,50,000. [Link] Backer rome Selva waNL, atzoest GST ® 1,50,000. ep sowonw 3a, OD8 Rowtreod vedw ARGO sr wT F 2023 Soren anaiSeeteood ast Bagaay ve, ‘Bes, (a) Bae Maso3,00 Mond nda, Baodhds OiAsdorsag, SHO LBs madre ¥gs 12% GST 30,000,Q.P. Code - 02V601 Badzeo sdmah seoidos (b) £90,000 ¥ 18% GST abd, adam, Begs SagdotstsY, wad emBan mdeodrd Joys. (c) 18% GST ¥ 1,50,000 ned, kovsories vadttodd, vmod waa aAdcabriy Pgs. (A) 18% GST od ataetser sodarty woBrt F 2,25,000. (ce) 5 mpt wpa wxigos sYp Bocsewd, aa Dodos Saggdotsdd, waod aay Eadeadrd Zogs 28% GST 1,50,000. What is GST? State salient features of CGST & SGST/UTGST. GST doddeno? GST a8 SGST/UTGST saa oxeoridd odsoesyeg)? . Write a short note on the following : (a) Returns under GST (b) Self Assessment (©) GST Council Meetings SeATaTY Deo woctd sep klaled da, (a) GST wade Biate (b) Robo BPyseds () GST mags xefrieo Explain objectives of GST and advantages of GST, GST o& eurfearie aoa) GST ot oSoceatrieaty OatO%, 2