CA Article Assistant Interview Questions and Answers for Freshers

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 must disclose any defaults in repayment of loans or borrowi...read more

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.