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Macquarie Group Indirect Tax Associate Interview Questions and Answers
Macquarie Group Indirect Tax Associate Interview Experiences
1 interview found
saloni gupta
(1 Question)
- Q1. Place of Supply of Purchase of Immovable Property which is located in Punjab but Supplier and Recipient are registered in Delhi under GST
- Ans.
The place of supply for the purchase of immovable property located in Punjab but with supplier and recipient registered in Delhi under GST is Punjab.
Place of supply for immovable property is the location of the property
In this case, since the property is located in Punjab, the place of supply is Punjab
GST will be applicable as per the state where the property is located
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- Q1. What is collateral management
- Ans.
Collateral management is the process of managing and monitoring collateral pledged to secure a loan or other financial obligation.
Collateral can include assets such as real estate, stocks, bonds, and commodities.
The purpose of collateral management is to mitigate credit risk and ensure that the lender has sufficient collateral to cover any potential losses.
Collateral management involves tracking the value of the collat...
- Q2. What is haircut for collaterals
- Ans.
Haircut for collaterals refers to the reduction in value of the collateral pledged by a borrower to secure a loan.
Haircut is the percentage reduction in the value of the collateral that a lender applies to account for market fluctuations and potential losses.
It is used to determine the amount of loan that can be extended against the collateral.
For example, if a borrower pledges a property worth $100,000 as collateral a...
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- Q1. Accounting for investment in equity shares under fvt oci
- Ans.
Accounting for investment in equity shares under FVT OCI involves recognizing changes in fair value through other comprehensive income.
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Changes in fair value are recognized in other comprehensive income.
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