BHEL Commercial Executive Interview Questions and Answers

Goods and Services Tax (GST) is a comprehensive indirect tax levied on the supply of goods and services.

• GST is a single tax that subsumes all other indirect taxes like excise duty, service tax, VAT, etc.

• It was implemented in India on July 1, 2017.

• GST has 4 tax slabs - 5%, 12%, 18%, and 28%.

• GST is levied on the value-added at each stage of production or distribution.

• GST has simplified the tax structure and reduced the t...read more

The filing process of GST involves registering for GST, collecting and paying taxes, and filing regular returns.

• Register for GST through the GST portal

• Collect GST from customers and pay it to the government

• File regular returns on the GST portal

• Maintain accurate records of all transactions

• Ensure compliance with GST regulations

• Penalties for non-compliance can be severe