Vasan & Sampath CA Article Assistant Interview Questions and Answers

Basically, questions on SA and AS and turnover limits

GD on role CA in start up

Q1. What did you learn from your hobbies
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Q2. Why do you want to join Vasan and Sampath
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Q1. Could you please Tell me the GST rate on Milk
Ans. 
GST rate on milk is 0% as it is considered a basic necessity.
• GST rate on milk is 0% as it falls under the exempted category.

• Milk, buttermilk, curd, and cream are exempt from GST.

• Processed milk products like cheese and butter attract GST at varying rates.

• GST rates on milk products may vary based on their processing and packaging.
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Q2. Can you please explain 3 heads of CARO 2020
Ans. 
CARO 2020 includes reporting requirements related to internal financial controls, statutory dues, and default in repayment of loans.
• Internal financial controls: Companies are required to report on the adequacy and operating effectiveness of internal financial controls.

• Statutory dues: Companies must report on the regularity of payment of statutory dues and the extent of arrears.

• Default in repayment of loans: Companies m...read more
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