Sanitary Syndicate Interview Questions and Answers

Goods and Services Tax (GST) is a consumption tax that is levied on the supply of goods and services in India.

• GST is a comprehensive indirect tax on the supply of goods and services across India.

• It is a destination-based tax, meaning it is levied at the point of consumption.

• GST has replaced multiple indirect taxes like VAT, service tax, excise duty, etc.

• There are different GST rates for different goods and services, such as 5%, 12%, 18%, and 28%.

• GST has helped in simplifying ...read more

VLOOKUP and HLOOKUP are Excel functions used to search for a value in a table and return a corresponding value.

• VLOOKUP stands for vertical lookup and searches for a value in the first column of a table and returns a value in the same row from a specified column.

• HLOOKUP stands for horizontal lookup and searches for a value in the first row of a table and returns a value in the same column from a specified row.

• Both functions are commonly used in Excel for data analysis and repo...read more

ROC compliance refers to the adherence to rules and regulations set by the Registrar of Companies in India.

• ROC compliance involves filing various documents and forms with the Registrar of Companies within specified timelines.

• It includes maintaining statutory registers, conducting board meetings, and filing annual returns.

• Non-compliance can result in penalties, fines, or even legal action.

• Examples of ROC compliance documents include annual financial statements, board resolutio...read more

Export and import refer to the sending and receiving of goods or services between countries.

• Export is the process of sending goods or services to another country for sale or trade.

• Import is the process of bringing goods or services into one country from another for sale or trade.

• Examples of exports include cars, electronics, and agricultural products.

• Examples of imports include clothing, machinery, and raw materials.

TDS stands for Tax Deducted at Source, which is a tax deducted by the payer at the time of making payment.

• TDS is a form of advance tax and is deducted by the payer before making a payment to the payee.

• It is applicable on various types of income such as salary, interest, commission, rent, etc.

• The deducted TDS amount is then deposited with the government on behalf of the payee.

• The payee can claim credit for the TDS amount deducted while filing their income tax return.

• TDS rates ...read more