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  • Question
  • The exemption limit of which tax is doubled to give relief to small businesses.


  • Options
  • A. Goods and Service Tax
  • B. Capital Gains Tax
  • C. Corporate Tax
  • D. Value Added Tax

  • Correct Answer
  • Goods and Service Tax 

    Explanation
    Finance Minister Arun Jaitley raised the annual turnover for availing composition scheme to Rs 1.5 crore from Rs 1 crore effective from April 1, 2019, to provide relief to small businesses under Goods and Services (GST) regime. The Goods and Services Tax (GST) exemption limit has been doubled to Rs. 40 lakh annual turnover and Rs 20 lakh for northeastern states.

  • More questions

    • 1. Which of the following movies won the 64th National Film Awards for the Best Feature Film?

    • Options
    • A. Kasaav
    • B. Alifa
    • C. Neerja
    • D. Pink
    • Discuss
    • 2. Who is the author of the book titled Hope in a Challenged Democracy- An Indian Narrative, which released recently?

    • Options
    • A. Paranjoy Guha Thakurta
    • B. Ashwani Kumar
    • C. Romesh Thapar
    • D. Shashi Tharoor
    • Discuss
    • 3. The Union Government unveiled the revised Building Code 2017 to meet the vision of - 'Housing For All' by

    • Options
    • A. 2020
    • B. 2021
    • C. 2022
    • D. 2023
    • Discuss
    • 4. According to the report of United Nations' World Economic Situation and Prospects (WESP) 2019, what will be the growth rate of India for in 2019-20?

    • Options
    • A. 7.6%
    • B. 7.5%
    • C. 7.4%
    • D. 7.8%
    • Discuss
    • 5. Which country attends OIC Meet for 1st Time in Abu Dhabi?

    • Options
    • A. Brazil
    • B. Germany
    • C. Singapore
    • D. India
    • Discuss
    • 6. Name the world's rarest giant softshell turtle that passed away in Suzhou Zoo,China.

    • Options
    • A. Yangtze
    • B. Iberian
    • C. Coahuilan
    • D. Alpaca
    • Discuss
    • 7. Name the initiative launched by Microsoft to preserve traditional weaving forms in India.

    • Options
    • A. Weavedraft
    • B. WeaveIt
    • C. Antaran
    • D. ReWeave
    • Discuss
    • 8. Recently with which state governemet Renault Nissan settles tax dispute?

    • Options
    • A. Tamil Nadu
    • B. Kerala
    • C. Andra Pradesh
    • D. Haryana
    • Discuss
    • 9. Name the author of the book titled 'The Ocean at the End of the Lane' who was recently appointed as UNHCR Goodwill Ambassador.

    • Options
    • A. Salman Rushdie
    • B. Douglas Adams
    • C. Julian Barnes
    • D. Neil Gaiman
    • Discuss
    • 10. The book "The man who could never say No" has been authored by whom?

    • Options
    • A. N N Saxena
    • B. Vikram Seth
    • C. S Muthiah
    • D. Gopalkrishna Gandhi
    • Discuss


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