Baliga Lighting Equipments Interview Questions and Answers

GST stands for Goods and Services Tax, a tax levied on the supply of goods and services in India.

• GST is a destination-based tax, which means it is levied at the point of consumption.

• There are different types of GST returns like GSTR-1, GSTR-3B, GSTR-4, etc. which need to be filed by registered taxpayers.

• GST returns contain details of sales, purchases, input tax credit, and tax liability.

• Filing GST returns is mandatory ...read more

TDS (Tax Deducted at Source) types include salary, interest, rent, commission, etc. Rates vary based on the type of payment and threshold limits.

• TDS types include salary, interest, rent, commission, professional fees, etc.

• Rates for TDS vary based on the type of payment and are specified by the Income Tax Department.

• Threshold limits determine whether TDS needs to be deducted or not.

• For example, TDS on salary is deducted...read more