Do you have practical knowledge of GST?

Question

Accepted Answer

GST, or Goods and Services Tax, is a comprehensive tax on the supply of goods and services in India, aimed at simplifying the tax structure.

GST was implemented in India on July 1, 2017, replacing multiple indirect taxes.
It is a destination-based tax, meaning it is collected at the point of consumption.
There are three types of GST: CGST (Central GST), SGST (State GST), and IGST (Integrated GST) for inter-state transactions.
For example, if a product is sold for ₹100, and the GST rate is 18%, the total cost to the consumer would be ₹118.
GST has streamlined the tax process, reducing the compliance burden on businesses.

Accepted Answer

Yes I can file both monthly & yearly GST return.

Accepted Answer

Yes

Accepted Answer

Upto filing return, GST reconcilating,rcm, Upto data gst knowledge (Self Learning).

Accepted Answer

GST - Goods and services tax
It is an a indirect tax that was created to replace the variety of indirect taxes

Interview Questions from Popular Companies