SAL Automotive Interview Questions, Process, and Tips

I have 5 years of experience in finance and accounting.

• I have worked in various roles within finance and accounting for the past 5 years.

• My experience includes financial analysis, budgeting, and financial reporting.

• I have also managed accounts payable and receivable processes.

• I am proficient in using accounting software such as QuickBooks and SAP.

• I have a strong understanding of financial regulations and compliance.

TDS rates vary based on different services provided.

• TDS rates are determined by the Income Tax Act, 1961.

• Rates can differ based on the nature of services, such as professional fees, rent, commission, etc.

• For example, the TDS rate on professional fees is generally 10%, while on rent it can be 10% or 2% depending on the situation.

• TDS rates can also vary based on the recipient of the payment, such as resident or non-resid...read more

Different items have different GST rates depending on their category.

• GST rates vary based on the category of the item

• Some common GST rates include 5%, 12%, 18%, and 28%

• For example, essential items like food grains have a lower GST rate of 5%, while luxury items may have a higher rate of 28%

• GST rates are determined by the government and can change over time

HSN code is a unique identification code used for classifying goods and services for taxation purposes.

• HSN code stands for Harmonized System of Nomenclature code.

• It is a 6-digit code used to classify goods and services for taxation purposes.

• The HSN code is used to determine the applicable tax rate for a particular product or service.

• It helps in streamlining the tax system and ensuring uniformity in tax rates across dif...read more