Advertisements
Advertisements
Question
In a major relief to micro, small and medium enterprises, the GST Council has recently increased the tax exemption limit per annum to:
Options
20 lakhs
30 lakhs
40 lakhs
60 lakhs
Solution
40 lakhs
Explanation:
In a major relief to micro, small and medium enterprises (MSMEs), the GST Council has recently increased the tax exemption limit to ₹40 lakh in annual revenue. The turnover limit for businesses availing of the GST composition scheme, which allows them to pay goods and services tax at a flat rate, was raised to ₹1.5 crores.
APPEARS IN
RELATED QUESTIONS
Choose the appropriate alternative:
The Headquarters of the Asian Development Bank is situated in
Choose the most appropriate option.
The Happiness Index Department or a Wing has been established in the states of:
Mark the best option:
The Reserve Bank of India has authorized non-banks to operate 'White Label ATMs' under the provisions of ___________
Mark the best option:
The ___________________on 17 August 2016 was incorporated. In this regard, it has received the Certificate of Incorporation (CI)from the Registrar of Companies, Ministry of Corporate Affairs under the Companies Act, 2013.
Which among the following is NOT a subsidiary of RBI?
Mark the best option:
“Skava Commerce” an e-commerce platform for retailers, has been launched by which Indian company?
The 8th BRICS Summit (2016) is proposed to be held in
Capital account convertibility signifies
Who among the following was the Chairman of Sixth Pay Commission?
Who has prepared Global Risk Report 2019?
