10+ GST Interview Questions and Answers for Freshers in 2023

Goods and Services Tax in India means a tax, a tax that is indirect and that replaced many indirect taxes such as Value added tax, Service tax, Excise Duty, etc. On 29th March 2017, the Goods and Services Act was passed by the Parliament and this act was implemented on 1st July 2017.GST is imposed on each and every supply of goods and services. GST Law is a different level, all-inclusive, 

Tax levied at the end, gets added to each and every stage of value-added to the said product/service. Alcohol is exempted from the purview of GST. Another product is petrol and petroleum products (GST will apply later).

The GST journey jump-started in the year 2000 during the then Prime Minister Mr. Atal Bihari Vajpayee where a new committee was formed to draft this law. It took 17+ years for this law to progress. Finally, in the year 2017, the GST bill was passed in the Lok Sabha and Rajya Sabha.

GST implementation was criticized by all the industries/financial institutions, media, and opposition political parties in India. The World Bank’s 2018 update on India’s development described India GST as very complicated, as they found various differences as compared to other countries. This was further criticized by businessmen as they faced hurdles on tax refunds and documentation was more and a lot of administrative effort needed.GST certification is of benefit as any other certification for any GST practitioner.

As GST is a historic shift in the tax system of India this has become an important topic for any discussion or debate and being aware of this is absolutely necessary for this era. This topic is of great importance to be checked by any student for their knowledge and awareness about the topic. Each day you buy a product or service it may have a GST levied on it which in the normal course may go unnoticed and hence the interviewers expect some basic knowledge about the GST.

A GST Certification is always a plus point to any candidate who is pursuing a career as a GST practitioner. An accountant or an individual with GST certification from a finance background will always be preferred over a candidate without the GST certification.

Let us see 20 Questions that can be asked in an interview to knowledge check you on GST:-

“First impression is always the lasting impression” we have all heard about this saying and to some extent, it’s true though your knowledge is also of importance. Dressing up professionally gives you the advantage to create the first impression. Prepare yourself very well for the interview. Know what are your wants and needs, whether it matches that of the organizational wants and needs, Make eye contact, and be honest. Relax and take this interview as a learning experience. Sleep well before the interview and keep your hands off the phone till the interview gets over. 

Let us get into the questions:-

Question 1:- What is your understanding when we say “taxable event” under GST?

Answer:-  CGST & SGST will be levied on all Intra state supplies and on Inter-state IGST will be levied on all supplies. Section 7 (1) of the CGST/SGST Act and Section 4 (1) of the IGST Act are charged.

Question 2:- The reverse charge mechanism is chargeable only to services and not for goods. (True/False)

Answer:-  False. The reverse charge mechanism is chargeable to both goods and services.

Question 3:-  Elaborate your understanding of remission of tax/duty?

Answer:-  Remission of tax/duty means the obligation to pay the tax relief is received by the taxpayer in case the goods are lost or damaged due to any natural calamities. 

The remission levied is subject to certain conditions laid down.

Question 4:- Is remission allowed under GST law?

Answer:-  Absolutely Sir, Section 11 and Model GST law permits tax remission to be levied on any supply of goods.

Question 5:-  Is Composition Tax collected from customers?

Answer:- No. The person taxable under the composition scheme cannot collect tax and also be noted that no invoice of any kind can be issued.

Question 6:- What is the ceiling for opting to pay under the composite scheme?

Answer:- The ceiling is 50 lacs in aggregate in a financial year

Question 7:- What are the penal charges if a taxable person violates any condition and is not eligible to pay tax under the composition scheme?

Answer:- The person paying the tax who was not eligible to pay tax under the composition scheme would have to pay tax interest and in addition a penalty equivalent to the tax amount section 8(3) of MGL.

Question 8:-  Who authorizes the levy of GST?

Answer:-  Constitution (101st Amendment) Act 2016, Parliament and the state legislatures to make laws with respect to GST was granted by Article 246 A.

The sole right of the Parliament to legislate with respect to the inter-state is  as per Article 246A read with Article 269A

Question 9:- “Input” what is this term in GST?

Answer:- GST levied on purchase in GST Input.

Question 10:-  What is GST Payable?

Answer:- GST Output – GST Input = GST Payable

GST is classified into 4 types:-

1. SGST- State goods and service tax
2. CGST- Central goods and service tax
3. IGST- Integrated goods and services tax
4. UGST- Union goods and service tax

State Goods and service tax:-

SGST is imposed by the state government on intrastate goods and service affairs and the revenue generated is earned by the state government, where the transaction has happened. SGST includes taxes like VAT, Entertainment Tax, Luxury Tax, Octroi, Tax on the lottery, and Purchase Tax.

In Andaman and Nicobar Islands or Chandigarh, the union territories UGST replaces SGST

CGST is imposed by the central government on intrastate goods and service affairs. The Central Government collects this revenue. CGST is imposed along with CGST and UGST. The central and the state government share the revenues. e.g. A Bangalore-based dealer selling your goods or service to a Bangalore-based dealer both CGST and SGST will be imposed, as this transaction is an intrastate transaction. If the transaction is for a value of 40,000 and 18% GST is applied, the central and the state government will share the GST amount collected in equal proportion.

IGST is the tax imposed on inter-state goods and services affairs. It is applied to all imports and exports. The central and the state government share the revenue generated.

UGST is the tax generated by the Union territories for the affairs in the territory. Andaman and Nicobar Islands, Dadra and Nagar Haveli, Chandigarh, Lakshadweep, and Daman, and Diu are our union territories. This tax is similar to SGST.

Question 11:- What is GST credit?

Answer:-  As and when the GST Output is less than the GST Input then it’s termed as GST Credit. 

Question 12:-  Kindly let us know the difference between CGST, SGST, and IGST

Answer:-  

CGST:-  CGST is the Tax collected by the Central Government for an Intra-state sale i.e a sale that is happening in Maharashtra.

SGST:-  It is the Tax collected by the State Government for an Intra-state sale i.e. a sale happening in Maharashtra.

IGST:- The Tax collected by the Central Government for an Inter-state sale. E.g. A sale that happens from Kochi to Maharashtra.

Question 13:- What do you understand about the GST Output?

Answer:- GST levied on the sales also called the GST Liability is the GST Output.

Question 14:- Is it possible that you can adjust CGST credit and SGST credit against each other?

Answer:- Both CGST and SGST cannot be adjusted against each other.

Question 15:- List  3 disadvantages of GST?

Answer:-  1)  Returns need to be filed

    2)  Complicated filing returns

                  3) Computing is also tedious

Question 16:-  What are the taxes that were replaced by GST?

Answer:-  1.SericeTax, 2.Central excise tax,3.Countervailing tax, 4. Special countervailing duty, 5. Value-added tax, 6.Central Sales tax, and more.

Question 17:-  What is the difference between UPA’s GST and NDA’s GST?

Answer:- The prominent difference is that the Petroleum sector is excluded from the GST circle. Liquor used for human consumption is excluded however tobacco and tobacco products will fall under GST.

Question 18:- List the procedures in Adjustment of  IGST with CGST and SGST?

Answer:- GST Input adjustment with IGST Output is done if:-

1. Input IGST- if it exists
2. Input CGST-  if it exists
3. Input SGST –  if it exists 

Question 19:- List the various invoices under GST

Answer:- a) The invoices will start for local and central sales with the same series number.

b) The sale to registered and unregistered people will have the same series.

c) Tax invoice should be issued for any kind of taxable sales

d) Invoice for exempted goods

e) Sale by a dealer that does not under composition scheme

Question 20:- What are the repercussions if we purchase goods from unregistered dealers?

Answer:- ITC is not received by the person receiving the goods. The people will have to pay tax under reverse charge registered under composition schemes.

A GST certification will help you in a professional way no matter which stage of your career you are in your life. Based on a survey more than 67% of recruiters mentioned they prefer candidates who are GST certified and are willing to give higher compensation. The reasons that you need to go for GST certification are:-

• Companies are in need of professionals with expert GST knowledge so GST certification boosts your chances of getting hired. This certification also guarantees better compensation.
• GST practitioners are hired as many businesses are adapting to conform to the new GST rules.
• Knowledge is one of the most sought-after skills in the finance industry.

The Finance Department of any organization will need to understand the concept of GST and accordingly incorporate the concept into their work. So they have to employ practitioners who are well versed with GST and its calculations. GST certification became important and hence individuals planning to join any finance sector having the GST certification will have an advantage over any other candidate appearing for an interview. Hence GST certification became a necessity and the best institute that we can recommend for the course is Henry Harvin.

Henry Harvin is the first institute to come up with the GST certification course in July 2016 and is the pioneer in this and hence one of the best courses that are available for GST certification.

Henry Harvin GST Certification Course:-

https://www.henryharvin.com/gst-course

Course Fees ( INR 12,500/-)

About Henry Harvin Academy and Finance Academy:-

Henry Harvin Education promotes and develops particular skill sets that are essential for the changing times. Henry Harvin partners with the best in the market organizations and they have experts in their panel to transform careers of all the audience from all the industries and academia by channelizing the power of these training programs. These programs are crafted to introduce the learners to all the latest learning technologies, content that is very effective, and trainers that are very experienced.

Henry Harvin Finance Academy’s aim has been to upskill the learners with key skills. These skills are passed on through action-oriented learning solutions that are carefully designed by subject experts with extensive industry experts with a lot of experience. These learnings are delivered to the learners using unique goal-centric teaching techniques. Till 2030 the Henry Harvin Finance Academy aims to train 100000 professionals.

GST certification, the complete course gives exhaustive insight on GST regulations, rendered by stalwarts in this field who speak on noted media platforms. 

GSTR 3B, GSTR 1, GSTR 2A, Provisions in E-invoicing, know-how to take ITC  in case it is not reflecting are the topics covered under this GST certification

• GST Certification as a GST Practitioner is issued from Govt. of India’s Recognized Institute. 
• Henry Harvin’s GST Certification Course in India has been featured by top media houses.
• The practitioner can further use this GST certificate for branding & identifying new opportunities.
• In addition, this increase the credibility, share GST Certificate on LinkedIn, Facebook, and WhatsApp

9 in 1-course benefits:-

• Live Interactive Classroom Sessions Online for more than 32 hours
• Facility to work on projects in GSTR 3B, GSTR 1, GSTR 2A.
• Assistance to gain practical experience of the learnings through Internship.
• GST Practitioner Course Certification from Henry Harvin, recognized by the Govt. of India 
• Placement Support is guaranteed for 1-Year post successful completion. 
• Abundant Tools and Techniques, video content, assessments, and more with access to E-learning
• Bootcamps spread over the next 12 months on a regular basis
• Access to #AskHenry Hackathons and Competitions free.
• Gold Membership of Henry Harvin Accounts Academy for a year to the students of GST Practitioner Course

Gold Membership of 1 year in Henry Harvin Language Academy includes:-

• Recorded Videos, Games, Projects, CPDSPe Studies via E-learning
• Bootcamp Sessions for a year is free
• The learner gets a chance to be one amongst the reputed 3,00,000+ alumni across the globe  and is guaranteed an Internship with Henry Harvin or partner firms
• 10+ job opportunities offered on a weekly basis
• Experience Industry Projects during the training

10 Reasons to Choose Henry Harvin GST Certification Course:-

• All classes are practical
• Topics Covered:-
  • GSTR 3B, GSTR 1, GSTR 2A
  • E-Invoicing related to all new provisions
  • ITC (Input Tax Credit) 
• GST Law and its critical analysis
• Applications of all the complicated GST provisions
• Govt. Recognized GST Practitioner Certification
• Weekend batches
• Placement guidance 
• Access to LMS and E-learning portal  for a year
• Trainers have experience of more than 20 years
• Recordings of all the sessions are available on the LMS.

The course is divided into 4 modules and each module is exhaustive and covers every aspect related to GST. This makes the learner a pro as a GST practitioner.

GST Certification Course the most popular – Henry Harvin:-

Henry Harvin’s course is trusted by the big Corporates, including Apollo Tyres, Crompton, Mega Cabs, HDFC, Tata Power, Larsen & Toubro, Whirlpool, ICICI, JM Financial, Godrej, Hindustan Zinc, Honda, Berger Paints, Hero, Moserbaer, etc.

Henry Harvin is popular and has got featured in Aaj Tak, Hindustan Times, India Today, Business World, and Mail Today

Henry Harvin’s GST Training No#1 as per BestCourseNews.com in Delhi and the best among the top 3 institutes in India

Henry Harvin has a massive alumni network

Henry Harvin is a trailblazer institute to introduce the GST course in Dec 2016.

Profile of the Trainers – GST Training:-

The trainers of the GST certification course are trainers who have got featured in various national media such as NDTV, Aaj Tak and give their expert views on GST.

They have been invited for various keynote sessions on GST.

They are in the Henry Harvin Accounts Academy  panel as domain experts 

In addition, they are advisors of companies on the transition for all the earlier taxes to GST from the later part of 2015.

Benefits of GST Certification from Henry Harvin:-

Get certified as a “Certified GST Practitioner” which can be further used in branding yourself

Skillset learning on important topics like E-way bill, Returns and Refunds, ITC, ITC04, Supply, etc.

Post-training study materials are provided to clear any doubts that are left.

Doubts resolution during and after GST training

Learn the practical understanding of GST Law with FAQ’s

GST implementation techniques through various software

Case studies and examples are used to resolve challenging situations in advance.

Conclusion:-

GST certification is a course where the GST practitioner always gets an edge over any other candidate of his caliber.

In addition, the practitioner will certainly get an offer of a salary hike of 20% to 25%

These questions prepare the candidate going for an interview as a GST practitioner and enable the person to confidently reply to the questions posed by the interviewer and be a star performer in the process. The candidates can make their own question bank with the help of their knowledge or the trainers at Henry Harvin. Questions that you may feel are important and can be asked during interviews that can further enhance your chances of getting selected over any other candidate.

Henry Harvin is the best institute for GST certification and as they are the pioneers and I recommend this course strongly from Henry Harvin.

^{A good laugh makes any interview, or any conversation, so much better. — Barbara Walters}