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SRM UNIVERSITYSRM B SCHOOL

VADAPALANI CAMPUSBUSINESS TAXATION

1. Distinguish between direct and indirect taxes

2. State the salient features of indirect taxes3. Define regressive tax4. Explain the merits and demerits of indirect taxes5. What are the disadvantages of direct tax?6. Indirect taxes is a compulsory one-Explain7. State the objectives of taxation8. Explain the canons of taxation9. Discuss the various types of taxes10. Write a note on progressive tax11. Write a note on proportional tax12. What are the differences between excise duty and sales tax?

13. What are the excisable goods under central excise Act?14. What are the objectives of excise duties?15. How are excisable goods valued under central excise act?16. Explain the concept of goods under the central excise act17. State the provisions relating to levy and collection of excise duty18. What are the different methods of excise collection?19. Explain administrative setup of central excise department20. Define the term manufacturer21. State the procedure for getting registration under central excise22. Write short notes on central excise officer23. Define curing

24. State the provisions relating to transportation of excisable goods25. Define factory26. What is CENVAT27. Explain self removal procedure28. What is captive consumption?29. Explain the concept of compounded levy scheme30. Discuss the provisions relating to offences and penalties under central excise31. Write a short note on central excise tarrif act 198532. What are the Features MODVAT ?33. Explain the different types of exemption allowable under central excise34. What are the objectives of imposing export duties ?35. Explain the different types of customs tarrif 36. Define dutiable goods, export goods and import goods under customs act37. State the different types of import duties38. Explain the provisions relating to levy and collection of customs duty39. How wil you value the goods under customs act ?40. What do you mean by smuggling ?

41. What is duty drawback?

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42. What is meant by territorial waters as per customs act?43. What do you mean by confiscation in customs act?44. State the rules for clearance of goods from boat45. State the powers and duties of tribunal in case of customs46. Distinguish between advalorem and specific duty47.

Define appropriate state48. What is TOT?49. What do you mean by crossing the customs frontiers of India50. What are the particulars contained in VAT invoice-51. List the provisions relating to registration under service tax52. What is the meaning of the term high seas?53. Define Deemed sales54. What are LTUs55. What are the features of Tax Identification Number (TIN)56. What do you mean by Input Tax57. What are the due dates for payment of service tax58.

What is Import General Manifest59. What is Land Customs Station60. What is Anti-Dumping Duty?61. What is transaction value?62. Define Indian Customs water63. What are boat notes?64. List down the procedure for removal of goods from 100% EOU to DTA65. What are most akin goods66. What is CVD67. What are coastal goods?68. Who are small service providers?69. What are statutory services?70. What are the provisions relating to goods cleared for home consumption?71. What are the various sources of service tax law?72. What are declared goods under CST Act?73. Define the term registered dealer74. Discuss the provisions relating to CST Act regarding registration of dealers75. State the main objects of CST Act76. What are the salient features of CST Act?77. Define the term sale under CST Act78. Give the rates of tax according to sec 8(1) under the CST Act79. How will you determine a sale as an inter state sale under the CST Act?80. State the provisions regarding levy and collection of tax under CST Act81. What is compulsory registration under CST?82. Under what circumstances a person is penalized under the CST Act?83. Discuss the concept of determination of turnover under CST84. State the method followed by determination of taxable turnover as per section

8A of CST Act85. Differentiate between sale for export and sale in the course of export86. What is penultimate sale in export transaction?

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87. What is sale or purchase in the course of export out of India?88. What is VAT?89. List out the features of VAT90. What are the rates of VAT?91. Explain the term input tax credit

92. Explain the procedure for registration under VAT93. State the goods exempted from VAT94. What are the advantages of VAT?95. Discuss the objects of VAT96. Discuss the registration procedure under service tax act97. What are the five heads of income that are chargeable under Income Tax?98. How do you calculate taxable income under Income Tax Act?