Khadims Accountant Interview Questions and Answers

GSTR-4 is a quarterly return filed by composition dealers under GST to report their turnover and tax liability.

• Quarterly return filed by composition dealers under GST

• Used to report turnover and tax liability

• Applicable for small businesses with turnover up to Rs. 1.5 crore

Yes, building input can be taken for accounting purposes.

• Building input can include expenses related to construction, renovation, maintenance, etc.

• These inputs are essential for accurately calculating depreciation and determining the overall financial health of the company.

• Examples of building input include costs of materials, labor, permits, and any other expenses directly related to the building.

• It is important to pr...read more