Senior Executive - Finance Interview Questions and Answers for Freshers

GST updates include changes in rates, return filing, and e-invoicing.

• GST Council has revised rates for various goods and services.

• New return filing system has been introduced to simplify the process.

• E-invoicing has been made mandatory for businesses with turnover above Rs. 50 crore.

• Late fee for non-filing of GSTR-3B has been waived for taxpayers with nil liability.

• GST revenue collection has been consistently above Rs. 1 lakh crore for the past few months.