eShakti Interview Questions and Answers

Eligible Input Tax credit and Block of ITC under GST

• Eligible Input Tax Credit (ITC) can be claimed on goods or services used for business purposes

• Blocked ITC includes items like motor vehicles, food and beverages, health services, etc.

• ITC cannot be claimed on goods or services used for personal purposes

• ITC can only be claimed if proper documentation and compliance are maintained

To download reports in SAP, you can use transaction codes or menu paths.

• Navigate to the desired report using transaction code or menu path.

• Select the report parameters such as date range, company code, etc.

• Click on the download button or choose the download option from the menu.

• Choose the file format for the download (e.g. Excel, PDF).

• Save the downloaded report to your local system.

RMCC can be calculated by dividing the total revenue by the total marketing cost.

• Calculate the total revenue generated by the company.

• Calculate the total marketing cost incurred by the company.

• Divide the total revenue by the total marketing cost to get the RMCC.

• RMCC = Total Revenue / Total Marketing Cost

Statutory audit involves reviewing financial records to ensure compliance with laws and regulations.

• Ensure all financial records are accurate and up-to-date

• Coordinate with auditors to provide necessary documentation

• Review audit findings and make any necessary adjustments

• Communicate audit results to management and stakeholders

RCM under GST stands for Reverse Charge Mechanism, where the recipient of goods/services is liable to pay tax instead of the supplier.

• RCM is applicable when a registered dealer purchases goods/services from an unregistered dealer.

• Under RCM, the recipient of goods/services is responsible for paying the tax directly to the government.

• RCM is mainly implemented to track transactions and prevent tax evasion.

• Input tax credit cannot be claimed under RCM.

• Example: If a registered busi...read more

Different types of TDS rates include salary, interest on securities, winnings from lotteries, etc.

• TDS on salary is deducted based on the individual's income tax slab rate

• TDS on interest on securities is deducted at a rate of 10%

• TDS on winnings from lotteries is deducted at a rate of 30%

Managing daily routine requires prioritization, time management, and flexibility.

• Create a to-do list and prioritize tasks based on urgency and importance

• Set realistic goals and deadlines

• Delegate tasks when possible

• Schedule breaks and downtime to avoid burnout

• Be flexible and adaptable to unexpected changes

• Use technology and tools to streamline tasks and save time