GA Infra Private Limited Accountant Interview Questions and Answers for Experienced

Q1. What are the due dates and forms required for GST returns?
Ans. 
GST returns are filed monthly, quarterly, or annually depending on turnover. Forms like GSTR-1, GSTR-3B, GSTR-4, etc. are required.
• GST returns are filed monthly, quarterly, or annually based on turnover

• Due date for GSTR-1 is 10th of the following month, GSTR-3B is 20th of the following month, GSTR-4 is 18th of the month following the quarter

• Forms required include GSTR-1 for outward supplies, GSTR-3B for summary return,
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Q2. What are the various types of GST returns, and can you explain them in detail?
Ans. 
Various types of GST returns include GSTR-1, GSTR-3B, GSTR-4, GSTR-9, etc.
• GSTR-1: Monthly return for outward supplies

• GSTR-3B: Monthly summary return for taxable supplies

• GSTR-4: Quarterly return for composition dealers

• GSTR-9: Annual return for regular taxpayers
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Q3. What services are included under Reverse Charge Mechanism (RCM) in the Goods and Services Tax (GST)?
Ans. 
Services included under Reverse Charge Mechanism (RCM) in GST are those where the recipient of the goods/services is liable to pay the tax instead of the supplier.
• Legal services provided by an advocate or a firm of advocates

• Services provided by an arbitral tribunal

• Services provided by an insurance agent

• Services provided by a recovery agent

• Services provided by a director to a company

• Transportation of goods by road servi...read more
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Q4. What are the different sections of TDS and can you provide a brief explanation of each?
Ans. 
The different sections of TDS include salary, interest on securities, dividends, interest other than interest on securities, winnings from lotteries, etc., and income from house property.
• Salary: TDS is deducted from the salary paid to employees.

• Interest on securities: TDS is deducted on interest earned from securities like bonds, debentures, etc.

• Dividends: TDS is deducted on dividends paid by companies to shareholders.

• ...read more
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Q5. Could you provide a brief explanation of your previous work experience and describe the responsibilities you had at your last company?
Ans. 
I have 5 years of experience as an accountant at a medium-sized company, where I managed financial records and prepared reports.
• Managed financial records and transactions

• Prepared financial reports and statements

• Assisted with budgeting and forecasting

• Performed audits and reconciliations

• Collaborated with other departments on financial matters
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Q6. What is the impact of Input Tax Credit (ITC) in the Goods and Services Tax (GST) system?
Ans. 
Input Tax Credit (ITC) in GST allows businesses to reduce their tax liability by claiming credit for taxes paid on inputs.
• ITC helps in preventing cascading effect of taxes, where taxes are levied on taxes already paid.

• It encourages compliance as businesses need to ensure proper documentation and reporting to claim ITC.

• ITC reduces the overall cost of goods and services, making them more competitive in the market.

• Example...read more
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Q7. How did you come to know about the company?
Ans. 
I came to know about the company through a job posting on a popular job search website.
• I found the job posting on Indeed.com

• I also saw the company's profile on LinkedIn

• A friend recommended the company to me
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Q8. What are the steps to create journal entries in Tally?
Ans. 
Steps to create journal entries in Tally
• Open Tally and select the company for which you want to create journal entries

• Go to 'Accounting Vouchers' section

• Select 'F7: Journal' to create a new journal entry

• Enter the date, ledger accounts, and amounts for debit and credit sides

• Save the journal entry by pressing 'Ctrl+A'
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Q9. Where do you see yourself in the near future?
Ans. 
In the near future, I see myself advancing in my career as an Accountant, taking on more responsibilities and potentially moving into a managerial role.
• Continuing to enhance my skills and knowledge in accounting practices

• Seeking opportunities for professional development and growth within the company

• Working towards obtaining additional certifications or qualifications in accounting

• Building strong relationships with cli...read more
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Q10. Could you explain a specific GST notice you have dealt with and describe in detail how you managed to resolve it?
Ans. 
Resolved a GST notice by identifying errors in input tax credit calculation and providing supporting documentation.
• Identified errors in input tax credit calculation

• Reviewed purchase invoices and reconciled with GST returns

• Provided supporting documentation to prove correct input tax credit claims
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Q1. Regarding Invoice Related to Taxation
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Q2. Regarding Provision and Branch Entries
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Q1. Details of Procurement Process
Ans. 
Procurement process involves identifying needs, selecting suppliers, negotiating contracts, and managing relationships.
• Identify needs and requirements

• Research and select potential suppliers

• Negotiate terms and conditions

• Create and sign contracts

• Manage supplier relationships and performance

• Monitor and evaluate procurement process effectiveness
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Q2. Understanding the material to be purchased
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Q3. Suppliers database ans popular suppliers
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Q4. Achievements in given project assignment
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Q5. Supplier evaluation and selection process
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Q6. Awareness of terms and conditions used in EPC projects
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Q7. Integrity with internal stake holders
Ans. 
Integrity with internal stakeholders is crucial for building trust and maintaining a positive work environment.
• Communicate openly and honestly with colleagues and superiors

• Respect confidentiality and avoid gossip or spreading rumors

• Follow through on commitments and hold yourself accountable

• Act with fairness and impartiality in decision-making

• Admit mistakes and take responsibility for correcting them

• Lead by example and
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Q1. EHS Defination with explanation
Ans. 
EHS stands for Environment, Health, and Safety. It refers to the laws, rules, standards, and programs that are designed to protect the health and safety of employees and the public as well as the environment.
• EHS involves identifying and assessing risks in the workplace related to health, safety, and the environment.

• It includes implementing measures to control and mitigate these risks, such as providing proper training,...read more
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Q2. BOCW Act with Factory Act
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Q1. Introduction about yourself
Ans. I'm answering Smoothly about my self
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Q1. Technical Questions Like 1- Estimation and Costing 2- Rate Analysis 3- Planning and Praposal 4- Vendor Selection and Database 6- What do you mean by Hydrocarbon
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1- Material Calculation
2- Bar bending Schedule
3- Planning and Chart
4- Making Praposal

Q1. Will ask all related questions.
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Q2. Do u know Piping engineering?
Ans. 
Yes, I have knowledge in Piping engineering.
• I have a degree in Mechanical Engineering which includes coursework in Piping design and analysis.

• I have practical experience working on piping projects in my previous roles.

• I am familiar with industry standards and codes related to piping engineering such as ASME B31.3 and API 570.
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Q1. Expectation of salary, why job switch.
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