New SIDBI Grade A New Batch Starts on Nov 18

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    Question

    Every supplier shall be liable to be registered under Central Goods & Services Act, 2017 in the State or Union Territory, other than special category State, from where he makes a taxable supply of goods or service or both, if his aggregate turnover in a financial year exceeds:

    A ₹ 15,00,000 Correct Answer Incorrect Answer
    B ₹ 20,00,000 Correct Answer Incorrect Answer
    C ₹ 25,00,000 Correct Answer Incorrect Answer
    D ₹ 30,00,000 Correct Answer Incorrect Answer

    Solution

    Companies with a aggregate turnover of more than Rs. 40 Lakhs (for goods) and Rs.20 lakhs (for services) are required to register for GST and pay taxes on their taxable goods and services. 

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