Paper 11 Indirect Taxation : Match the following

 

CMA INTERMEDIATE EXAMINATION

Paper - 11 : Indirect Taxation



Paper 11 Indirect Taxation Match the following with answers

Sufficient to give the corresponding item in column 3 for column 1; reproducing columns 2 and 4 are not required

A. Match the following   
 

 

Column- A

 

Column- B

1.

Casual Taxable Person.

A.

Different GSTINs but one PAN.

2.

Distinct Persons.

B.

Non-taxable Supply.

3.

Taxable person under composition scheme.

C.

Exempt Supply.

4.

Sale of Building.

D.

No fixed place of business in a State or Union Territory.

5.

Interest on loans and advances.

E.

Quarterly Return.

Answer:

 

Column- A

 

Column- B

1.

Casual Taxable Person.

D.

No fixed place of business in a State or Union Territory.

2.

Distinct Persons.

A.

Different GSTINs but one PAN.

3.

Taxable person under composition scheme.

E.

Quarterly Return.

4.

Sale of Building.

B.

Non-taxable Supply.

5.

Interest on loans and advances.

C.

Exempt Supply.

 

B. Match the following    

 

Column- A

 

Column- B

1.

Agricultural Activities.

A.

Compulsory registration.

2.

Casual Taxable Person making taxable supplies.

B.

Collected by Central Government.

3.

Integrated Goods and Services Tax.

C.

72 Months.

4.

Transaction Value.

D.

Exempt from GST.

5.

Retention of Accounts.

E.

When price is sole consideration.

 Answer:

 

Column- A

 

Column- B

1.

Agricultural Activities.

D.

Exempt from GST.

2.

Casual Taxable Person making taxable supplies.

A.

Compulsory registration.

3.

Integrated Goods and Services Tax.

B.

Collected by Central Government.

4.

Transaction Value.

E.

When price is sole consideration.

5.

Retention of Accounts.

C.

72 Months.

 

C. Match the following    

 

Column- A

 

Column- B

1.

Head-quarters of GST council is at.

A.

GSTN.

2.

SPV to cater to the needs of GST.

B.

Form of supply of goods.

3.

Breeding of fish.

C.

India.

4.

Barter.

D.

Exempted from GST.

5.

Highest GST rate is found in.

E.

Mumbai.

 

 

F.

New Delhi.

 

 

G.

China.

 Answer:

 

Column- A

 

Column- B

1.

Head-quarters of GST council is at.

F.

New Delhi.

2.

SPV to cater to the needs of GST.

A.

GSTN.

3.

Breeding of fish.

D.

Exempted from GST.

4.

Barter.

B.

Form of supply of goods.

5.

Highest GST rate is found in.

C.

India.

 

D. Match the following    

 

Column- A

 

Column- B

1.

Packing charges.

A.

Exempted service.

2.

Yellow Bill.

B.

Included in value.

3.

Trading of goods.

C.

Warehousing.

4.

SEZ.

D.

B1 Bond.

5.

Goods removed without payment of duty.

E.

I Form.

 Answer:

 

Column- A

 

Column- B

1.

Packing charges.

B.

Included in value.

2.

Yellow Bill.

C.

Warehousing.

3.

Trading of goods.

A.

Exempted service.

4.

SEZ.

E.

I Form.

5.

Goods removed without payment of duty.

D.

B1 Bond.

 

E. Match the following    

(a) Central Excise.

(i) State Levy.

(b) Export of Goods.

(ii) Manufacture.

(c) Insurance Service.

(iii) Zero Rated.

(d) Value Added Tax.

(iv) Inter-state Sales.

(e) Central Sales Tax

(v) Reverse Charge.

 Answer:

(a) Central Excise.

(ii) Manufacture.

(b) Export of Goods.

(iii) Zero Rated.

(c) Insurance Service.

(v) Reverse Charge.

(d) Value Added Tax.

(i) State Levy.

(e) Central Sales Tax

(iv) Inter-state Sales.