Business Organisation and Management by Osmania University

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Commerce Lab - Practical Question Bank
FACULTY OF COMMERCE, OSMANIA UNIVERSITY
---------------------------------------------------------------------------------- B.Com (Tax Procedures & Practices) I Year Time: 60 Minutes Record : 10
Skill Test : 20
Total Marks : 30
CENTRAL SALES TAX AND VALUE ADDED TAX
1. Prepare a chart showing objectives of CST Act, 1956.
2. Prepare a table showing the method of calculation of sales price under CST Act, 1956. 3. Prepare a table indicating the differences between a works contract and a sale. 4. Present a chart showing various documents usually called “document of title to goods”. 5. List out various exemptions from CST Act, 1956.

6. Obtain a blank form A under CST and note the contents.
7. Obtain a blank form A and fill it with imaginary details. 8. Obtain a blank form B under CST and note the contents.
9. Obtain a Registration certificate of a dealer under CST Act, and note the contents. 10. Obtain a blank form C under CST and note the contents.
11. Prepare a table showing the purposes for which E-I and E-II forms are used under CST Act.
12. Prepare a table showing the procedure for registration of a dealer under CST Act. 13. Obtain a blank form F under CST Act and note the contents. 14. Obtain a blank form G under CST Act and note the contents. 15. A of Ludhiana comes to Mumbai to purchase goods from B with the understanding that will send goods to Ludhiana under his supervision. Decide whether it is chargeable to CST with reasons.

16. X of Chandigarh comes Yamunanagar and purchases goods from Y. After purchasing, X transports these goods to Chandigarh in his own name. Decide whether it is chargeable to CST with reasons.

17. A of Nizamabad sends goods in his own name at Chennai. At Chennai goods are sold to different parties by the employees of A. Decide whether it is chargeable to CST with reasons.
18. Mr. X reported sales turnover of Rs. 36,20,000. This includes Excise duty of Rs. 3,00,000 and packages deposits Rs. 5,00,000. Sales tax was not included separately in the sales invoice. Compute tax liability under the CST Act, assuming the rate of tax as 2%. 19. Prepare a table showing different rates of tax levied under APVAT Act, 2005. 20. Prepare a chart showing list of any ten goods exempt from tax as per schedule-I of APVAT.

21. Prepare a chart showing list of any ten goods taxable @ 1% as per APVAT. 22. Prepare a chart showing list of any ten goods taxable @ 2% as per APVAT. 23. Prepare a chart showing list of any ten goods taxable @12.5% as per APVAT. 24. Obtain a blank form TOT 001 and fill it with imaginary details. (Registration) 25. Obtain a blank form TOT 007 and fill it with imaginary details.(Quarterly return) 26. Obtain a blank form TOT 014 and fill it with imaginary details.(Cancellation) 27. Obtain a blank form TOT 025 and fill it with imaginary details.(Assessment) 28. Obtain a blank form VAT 100 and fill it with imaginary details. (Application for Registration)

29. Obtain a blank form VAT105 and fill it with imaginary details.(Certificate of Registration) 30. Obtain a blank form VAT115 and fill it with imaginary details.( Claim for credit on stock) 31. Obtain a blank form VAT200 and fill it with imaginary details.( Monthly return) 32. Obtain a blank form VAT200B and fill it with imaginary details. (Final return) 33. Obtain a blank form VAT305 and fill it with imaginary details. (Assessment) 34. Obtain a blank form VAT525 and fill it with imaginary details.(Register of Stock) 35. Obtain a blank form X or 600 and fill it with imaginary details.(waybill) 36. Mr. Rohith is a trader in pulses, running his business in his own premises, situated at St.Anns road, Secunderabad. Personal profile: Name ------- Father’s name ------ Date of birth --------, Residential address -------, Email -----, PAN ----. He deals mainly in retail business. He has a bank account no. 3427689, SBI, Sainikpuri branch. Turnover for the last 12 months...
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