Autocomp Corporation Panse Finance Accounts Executive Interview Questions, Process, and Tips

GST composition is a scheme for small businesses with turnover less than a certain amount to pay a fixed percentage of their turnover as tax.

• GST composition is a scheme for small businesses with turnover less than a certain amount to pay a fixed percentage of their turnover as tax

• GST eligibility is determined based on the turnover of the business, with different rates for businesses with turnover less than or greater t...read more

An account in finance refers to a record of financial transactions, SAP is a software used for managing business operations, and transaction codes in SAP are shortcuts for executing specific functions.

• An account in finance is a record of financial transactions related to a specific entity or activity.

• SAP is a software system used by businesses for managing various operations such as finance, sales, and production.

• Trans...read more

Tally is a basic accounting software used for small businesses, while SAP is an advanced enterprise resource planning software used by large corporations.

• Tally is designed for small businesses, while SAP is designed for large corporations.

• Tally is more affordable and easier to use compared to SAP.

• SAP offers more advanced features such as supply chain management and customer relationship management.

• Tally is suitable for...read more

Busy is an accounting software while Tally is an accounting software widely used in India.

• Busy is an accounting software developed by Busy Infotech Pvt. Ltd. and is popular in countries like Nepal, Bangladesh, and Sri Lanka.

• Tally is an accounting software developed by Tally Solutions and is widely used in India for managing financial transactions.

• Both Busy and Tally offer features like inventory management, invoicing, ...read more

GST returns are filed monthly on a fixed date based on the type of taxpayer.

• GST returns for regular taxpayers are filed monthly by the 20th of the following month.

• GST returns for composition scheme taxpayers are filed quarterly by the 18th of the month following the quarter.

• GST returns for input service distributors are filed monthly by the 13th of the following month.

• Late filing of GST returns can attract penalties an