Question 1: What do you mean by Excise Duty? Who is liable to pay it? Illustrate the basic conditions for levy of duty under Section 3 of the Central Excise Act, 1944. As well state the types of duties of excise.
Question 2:
a) What is the extent and scope of the service tax law as given under Section 64 of the Finance Act, 1994?
b) State the provisions of Section 70 of the Finance Act, 1994 and Rules made there under, regarding filing of returns.
Question 3: Define the term Dealer under the Maharashtra VAT Act, 2002. Describe the provisions of the Act with reference to Registration of a dealer.
Question 4:
a) Describe the basic features of CENVAT Credit Scheme.
b) List the different general exemptions available from levy of service tax.
c) Write a brief note on ‘Rates of VAT’ under the Maharashtra VAT Act, 2002.
Question 5: Write short notes on:
a) Personal Ledger Account/Account Current
b) Best Judgment Assessment, under the service tax law
c) Taxpayers Identification Number (TIN)
d) Inter-state sale.