JMR Infotech Senior Executive - Finance Interview Questions and Answers

GST filing is the process of submitting tax returns and related documents to the tax authorities.

• Register for a GST identification number (GSTIN)

• Maintain accurate records of all sales and purchases

• Prepare monthly or quarterly GST returns

• File the returns online through the GST portal

• Pay any tax liability or claim refunds as applicable

• Submit additional documents like invoices, credit notes, etc. if required

• Ensure complia

TDS (Tax Deducted at Source) is a procedure where tax is deducted by the payer at the time of making certain payments.

• TDS is applicable on various payments like salary, rent, interest, professional fees, etc.

• The payer deducts a certain percentage of the payment as tax and remits it to the government.

• The deducted tax is then reflected in the Form 26AS of the payee.

• The payee can claim credit for the TDS while filing thei...read more