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Vat,service tax, and other indirect tax interview questions

jafer (studies) (194 Points)

19 November 2014

Hi Everyone,

Please breif the interview questions asked specially in VAT, Service Tax and in other Indirect taxes. Interview questions you faced in Indirect Taxes kindly write it all.

Thanks in Advance :)

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4 Replies

CA AnKiT BoHrA (AB) (Manager) (25955 Points)
Replied 19 November 2014

remember the basics like tax rates generally, input set of ways, due dates of returns, deposition of tax etc...

CS,CA F,Numrologi TusharSampat (CS CA F Numerologist Astrologer Graphologist Face reader Vastu Expert) (85930 Points)
Replied 19 November 2014

also u must be able to ans instantly for all penalties and int for all types of returns along with due date + working knowledge required for indirect taxes like computations, abatements given, cenvat credit with all latest updates which are major should be covered and do the latest finance act throughly...questions may be asked on same.

also do the line of authoirty under service tax and vat as many do ask the same.

This are few tips for preparation

dgkumar (accountant) (51 Points)
Replied 22 November 2014

Sir,

Please give me information what cenvat and what is difference between vat rates of zero rate and exempted from tax? - dgkumar

Harshal Fifadra (Chartered Accountant) (1489 Points)
Replied 24 November 2014

Certain goods are chargeable at zero rates , such goods are known as tax free goods . There are certain goods which are mentioned in a schedule as per respective state VAT acts. Such schedule is subject to amendments, addition and deletion of entries . The goods mentioned in such schedule are known as 'exempted goods'