EXL Service Interview Questions and Answers

GST input is shown on the asset side of the balance sheet.

• GST input is considered as an asset because it represents the amount of GST paid on purchases that can be claimed back.

• It is typically shown under current assets if it is expected to be recovered within one year.

• For example, if a company has paid $1,000 in GST on purchases, it would show as GST input $1,000 under current assets on the balance sheet.

Section 194C of TDS sets the limit for deduction rates.

• Section 194C of TDS pertains to payments to contractors/sub-contractors.

• The current rate of TDS deduction under section 194C is 1% for individual or HUF payers and 2% for others.

• If the payee does not provide PAN, the TDS rate under section 194C is 20%.

• The threshold limit for TDS deduction under section 194C is Rs. 30,000 for a single payment and Rs. 1,00,000 for aggregate payments in a financial year.

GST Input & Output Adjustment Entry is used to correct errors in reporting GST liabilities and claiming input tax credits.

• GST Input Adjustment Entry is used to correct errors in claiming input tax credits for purchases subject to GST.

• GST Output Adjustment Entry is used to correct errors in reporting GST liabilities for sales subject to GST.

• These adjustments are necessary to ensure accurate reporting and compliance with GST regulations.

• Example: If a company mistakenly claimed ...read more

Concrete pouring method involves the process of placing and compacting concrete into a formwork to create a solid structure.

• Ensure formwork is properly prepared and secured before pouring concrete

• Use appropriate equipment such as concrete pumps or buckets for pouring

• Monitor concrete flow and consistency to avoid segregation or honeycombing

• Properly compact the concrete to remove air voids and ensure strength

• Allow sufficient time for curing and avoid premature removal of formwo...read more

Shuttering of columns is the process of creating temporary formwork to support concrete until it sets.

• Shuttering is usually made of plywood, timber, or steel.

• It is important to ensure the shuttering is properly supported and aligned before pouring concrete.

• The shuttering should be removed after the concrete has set to the required strength.

• Properly designed and constructed shuttering helps in achieving a smooth and uniform finish on the columns.

The flooring method for stone work typically involves using mortar or adhesive to secure the stones in place.

• Prepare the subfloor by ensuring it is clean, level, and dry

• Apply mortar or adhesive to the back of each stone before placing it on the subfloor

• Use spacers to maintain consistent spacing between stones

• Allow the mortar or adhesive to dry completely before grouting the joints

• Seal the finished stone floor to protect it from stains and damage