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  • Question
  • What is the threshold limit of GST registration according to 32nd Meeting of GST Council?


  • Options
  • A. 40 lakh
  • B. 30 Lakh
  • C. 35 Lakh
  • D. 20 Lakh

  • Correct Answer
  • 40 lakh 

    Explanation
    The 32nd Meeting of GST Council was concluded in New Delhi. The Limit of annual turnover for composition scheme increased to 1.5 crore rupees effective from April 1, 2019. The Council has decided to increase the GST registration threshold limit to 40 lakh rupees from 20 lakh. The Taxpayers who are giving Services of up to Rs 50 lacs per annum will be taxed under 6% under Composition Scheme. The council has decided to simplify the compliance under the composition scheme.

  • More questions

    • 1. Name the director who was the first African American and the youngest-ever film-maker nominated in Oscar Awards, passed away recently.

    • Options
    • A. Denise LaSalle
    • B. Frankie Muse Freeman
    • C. John Singleton
    • D. Edwin Hawkins
    • Discuss
    • 2. Name of the musician who won the special lifetime achievement award from the Music Academy?

    • Options
    • A. Lalgudi G Jayaraman
    • B. Kamala Lakshminarayanan
    • C. Hariprasad Chaurasia
    • D. Vikku Vinayakram
    • Discuss
    • 3. IMF Cuts India's GDP Growth Forecast is __________.

    • Options
    • A. 7.3%
    • B. 7.4%
    • C. 7.2%
    • D. 7.5%
    • Discuss
    • 4. Which country topped in the ISSF World Cup 2019?

    • Options
    • A. Singapore
    • B. India
    • C. Brazil
    • D. Spain
    • Discuss
    • 5. How many movies did selected for ICFT UNESCO Gandhi Medal?

    • Options
    • A. 5
    • B. 12
    • C. 9
    • D. 25
    • Discuss
    • 6. Who acquired secondhand Goods Marketplace Zefo?

    • Options
    • A. OLX
    • B. Quickr
    • C. LinkedIn
    • D. Sulekha
    • Discuss
    • 7. Which state has the maximum number of first-time voters in the upcoming Lok Sabha elections?

    • Options
    • A. Uttar Pradesh
    • B. West Bengal
    • C. Maharashtra
    • D. Rajasthan
    • Discuss
    • 8. What is the sovereign rating of India as per the credit rating agency Fitch?

    • Options
    • A. AAA-
    • B. AAA+
    • C. BBB+
    • D. BBB-
    • Discuss
    • 9. The book 'The Hit Girl' is the autobiography of

    • Options
    • A. Rekha
    • B. Asha Parekh
    • C. Hema Malini
    • D. None of them
    • Discuss
    • 10. Which Automotive company has developed the 'largest power storage system in Asia' installed in Osaka train station in Japan?

    • Options
    • A. Pricol
    • B. Tesla
    • C. General Motors
    • D. Eicher Motors
    • Discuss


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