Manipal Group Interview Questions and Answers

RCM is Reverse Charge Mechanism and GST return filling process is the process of filing tax returns under the GST regime.

• RCM is a mechanism where the recipient of goods or services is liable to pay tax instead of the supplier.

• GST return filling process involves filing of various returns like GSTR-1, GSTR-3B, etc. on a monthly or quarterly basis.

• The process involves uploading invoices and other details on the GST portal and paying the tax liability.

• Non-compliance with the GST ...read more

Packaging plays a crucial role in branding and marketing by attracting customers, conveying brand values, and differentiating products from competitors.

• Packaging serves as the first point of contact between a product and a consumer, creating a lasting impression.

• It helps to establish brand identity and recognition by incorporating brand elements such as logos, colors, and typography.

• Well-designed packaging can communicate the product's features, benefits, and unique selling p...read more

Yes, I am familiar with GST, VAT, and Income Tax.

• I have experience in preparing and filing GST returns.

• I am aware of the different GST rates for various goods and services.

• I have knowledge of the input tax credit system under GST.

• I am familiar with the provisions of the Income Tax Act and can prepare income tax returns.

• I have experience in calculating TDS and advance tax payments.

• I am aware of the tax-saving investments and deductions available under the Income Tax Act.

TDS rate on GTA is 2%.

• TDS stands for Tax Deducted at Source.

• GTA stands for Goods Transport Agency.

• The TDS rate on GTA is 2% of the total amount paid or credited to the GTA.

• This TDS is applicable only if the GTA is not registered under GST.

• If the GTA is registered under GST, then TDS is not applicable.

Packaging plays a crucial role in the food industry by ensuring product safety, extending shelf life, and enhancing brand image.

• Product safety: Packaging protects food from contamination, tampering, and damage during transportation and storage.

• Shelf life extension: Proper packaging techniques like vacuum sealing or modified atmosphere packaging can help preserve freshness and extend the shelf life of food products.

• Brand image enhancement: Packaging design and branding element...read more

Exception handling in Java involves using try, catch, and finally blocks to handle errors and prevent program crashes.

• Use try block to enclose the code that may throw an exception

• Use catch block to handle the exception and provide alternative flow

• Use finally block to execute code regardless of whether an exception is thrown or not

• You can also create custom exceptions by extending the Exception class

• Example: try { // code that may throw exception } catch (Exception e) { // han...read more