Mahindra Finance Interview Questions and Answers

Q1. Blocked credit under GST
Ans. 
Blocked credit under GST refers to input tax credit that cannot be claimed by a taxpayer.
• Blocked credit includes items like motor vehicles, food and beverages, health services, etc.

• Input tax credit on goods or services used for personal purposes or non-business activities is also blocked.

• Blocked credit can lead to higher tax costs for businesses as they cannot offset it against their output tax liability.
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Q2. Have you filed gst returns yourself
Ans. 
Yes, I have filed GST returns myself for multiple clients in my previous role as a taxation manager.
• I have experience in filing GST returns for multiple clients

• I am familiar with the GST filing process and requirements

• I have ensured timely and accurate filing of GST returns to avoid penalties
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Q3. Tds u/s 194R & 194Q
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Q4. What is the form for gstr 3b reversals along with reasons of reversal
Ans. 
GSTR 3B reversals are reported in Form GST DRC-03 along with reasons for reversal.
• Form GST DRC-03 is used for reporting reversals made in GSTR 3B.

• Reasons for reversal such as excess input tax credit claimed, incorrect tax liability reported, etc. should be mentioned.

• Examples of reasons for reversal include reversal of input tax credit on goods lost, stolen, destroyed, etc.
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Q5. Which is the biggest client you've worked on during articleship
Ans. 
The biggest client I worked on during articleship was a multinational corporation with operations in multiple countries.
• Managed tax compliance for a multinational corporation with complex cross-border transactions

• Prepared transfer pricing documentation for intercompany transactions

• Assisted in tax planning strategies to minimize global tax liabilities
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Q6. How early can you join us if selected
Ans. 
I can join within 2 weeks of receiving the offer letter.
• I can join within 2 weeks of receiving the offer letter.

• My current notice period is 2 weeks.

• I am available to start immediately.
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Q7. Have you worked on corporate returns or individuals
Ans. 
Yes, I have experience working on both corporate returns and individual tax returns.
• I have prepared and filed corporate tax returns for various companies, ensuring compliance with tax laws and regulations.

• I have also worked on individual tax returns, helping clients maximize their deductions and credits while minimizing their tax liability.

• I am familiar with tax software such as TurboTax and have experience in research...read more
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Q8. What is your expected salary
Ans. 
My expected salary is based on my experience, qualifications, and the market rate for similar positions.
• Consider my years of experience in taxation management

• Take into account my qualifications and certifications in taxation

• Research the market rate for Manager Taxation positions in this region

• Negotiable based on additional benefits such as healthcare, retirement plans, etc.
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Q9. Explain your articleship experience thoroughly
Ans. 
I completed my articleship at a reputable accounting firm where I gained hands-on experience in tax compliance, audits, and financial reporting.
• Worked on tax compliance for various clients, including preparing tax returns and conducting tax research

• Assisted in audits by performing substantive testing and verifying financial statements

• Prepared financial reports and statements for clients, gaining insight into financial ...read more
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Q1. Summary of project and internship in resume.
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Q2. 1 sql and 1 simple coding question
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Any type of assignment

Organisation forecasting

Q1. ISO. International organisation for standardization
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Q2. Corporate social responsibility (CSR)
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Q3. Planing, organizing Directing controlling
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Q4. Medium and chhanel
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Q5. Seven P like price,place pramotion
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Basic Aptitute Test, which had questions from every where all important topics

Q1. What is DDL in DBMS?
Ans. 
DDL stands for Data Definition Language in DBMS, used to define the structure of the database.
• DDL is used to create, modify, and delete database objects such as tables, indexes, and views.

• Examples of DDL commands include CREATE, ALTER, and DROP.

• DDL statements do not affect the data stored in the database, only the structure.
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Q2. What happens when you type 'google.com"
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Q1. Sales and finance
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Q2. Collection maintain
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Q3. Team handled and loan department
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Q1. Tell me about yourself
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Q2. Some technical questions
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Q1. About your field related questions.
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Q2. Family and experience background verification
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