Frigel Intelligent Cooling Systems Assistant Manager Finance & Accounts Interview Questions and Answers

The due date for GSTR 1, GSTR 3B, TDS returns and TDS payment varies based on the type of taxpayer and their turnover.

• For GSTR 1, the due date is the 11th of the following month for taxpayers with a turnover of up to 1.5 crore and the 10th of the following month for taxpayers with a turnover of more than 1.5 crore.

• For GSTR 3B, the due date is the 20th of the following month for all taxpayers.

• For TDS returns, the due da...read more

Ind AS 116 is a new accounting standard for lease accounting.

• Ind AS 116 replaces the previous standard Ind AS 17.

• It requires lessees to recognize all leases on their balance sheet as assets and liabilities.

• Lessees must also separate the lease payments into principal and interest components.

• The standard also introduces new disclosure requirements for both lessees and lessors.

• Ind AS 116 is effective for annual reporting