3. I am ravi raj, would like
to express special thanks of
gratitude to our teachers, who gave
us the golden opportunity to do this wonderful interview
on the topic “gst & finance”
which also helped us in doing a lot of Research.
We are making this project not only for marks but to also
increase our knowledge.
4.
5.
6. It is known to provide top service in the following
categories: CA, Income Tax Consultants, Provident
Fund Consultants, Company Registration Consultants,
GST Registration Consultants, Tax Consultants,
Trademark Registration Consultants, Accounting
Services For Balance Sheet Preparation.
7. To apply business concepts and theories to real world.
Enhance and expand knowledge in finance area.
Develop and improve business skills in
communication, technology and teamwork.
Observe and participate in business operation.
Expand network of relationship with customer.
Develop skills such as teamwork, communication and
attention to details.
To know the organizational culture .
8. Finance is defined as the management of money and
includes activities such as investing, borrowing,
lending, budgeting, saving, and forecasting. There are
three main types of finance:
(1) personal, (2) corporate, and (3) public/government.
The easiest way to define finance is by providing
examples of the activities it includes. There are many
different career paths and jobs that perform a wide
range of finance activities. Below is a list of the most
common examples:
9. Investing personal money in stocks, bonds, or guaranteed
investment certificates (GICs)
Borrowing money from institutional investors by issuing
bonds on behalf of a public company
Lending money to people by providing them a mortgage to
buy a house with
Using Excel spreadsheets to build a budget and financial
model for a corporation
Saving personal money in a high-interest savings account
Developing a forecast for government spending and
revenue collection
10. There is a wide range of topics that people in the
financial industry are concerned with. Below is a list of
some of the most common topics you should expect to
encounter in the industry.
Cash flow (free cash flow, other types of cash flow)
Profit (net income)
Cost of capital (WACC)
Rates of return (IRR, ROI, ROA)
11. GST, or Goods and Services Tax, is a tax that customers
have to bear when they buy any goods or services, such
as food, clothes, electronics, items of daily needs,
transportation, travel, etc. The concept of GST is that it
is an “Indirect Tax”, ie, this tax is not directly paid by
customers to the government, but is rather levied on
the manufacturer or seller goods and the providers of
services. The sellers usually add the tax expense into
their costs, and the price the customers pay is inclusive
of GST. Thus, in most cases, you end up paying a tax
even if you are not an income taxpayer.
12. GST was brought in as a revolutionary change and India’s
biggest tax system overhaul since Independence. GST
replaced a plethora of indirect taxes such as states’ sales
tax, service tax, excise, etc., with a single central tax regime
applied uniformly on all products and services. However,
the biggest benefit of GST was that it opened up entire
India as a single unified market allowing for free movement
of goods across states’ borders, as opposed to the earlier
scenario where state borders became barriers. GST allowed
for faster movement of trucks and led to requirements for
fewer warehouses across several states. However, GST has
multiple tax rate slabs for different categories of products –
a fact that still makes it more complicated than many
expected.
13. Central GST (CGST): GST paid on each transaction is divided into
two equal parts: the part for the Centre is termed as CGST.
State GST (SGST): The part of a state’s share of GST, when a
transaction takes place within the state, is called SGST.
Union territory GST (UGST): When a transaction takes place
within a union territory (UT) without a legislature, the part of
GST that the UT gets is called UGST.
Integrated GST (IGST): When a transaction takes place between
two states/UTs or between a state/UT and any foreign territory,
IGST is levied without any bifurcation on the applicable GST rate.
14. The internship period really proved to be a great and
knowledgeable experience with the real life scenario of the
work environment. It has developed some sort of
confidence and commitment in developing the
interpersonal skills, professional qualities, and time
management. The opportunity to see the commercial bank
from professional viewpoint was really very different than
that was perceived as a general public before.
As students have already acquired theoretical knowledge
from the course, it was easier to get along the procedures of
the organization. Beside this, the supervisors were very
much helpful in guiding on the internship program. Firstly,
the working environment of the department was very
comfortable.
