2018
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The government introduced four Bills to amend the GST laws in order to raise the turnover threshold up to
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Rs.1 crore
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Rs.1.5 crore
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Rs.2 crore
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Rs.2.5 crore
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Explanation:
Detailed explanation-1: -There are Four GST types namely Integrated Goods and Services Tax (IGST), State Goods and Services Tax (SGST), Central Goods and Services Tax (CGST), and Union Territory Goods and Services Tax (UTGST).
Detailed explanation-2: -In order to implement GST, Constitutional (122nd Amendment) Bill (CAB for short) was introduced in the Parliament and passed by Rajya Sabha on 03rd August, 2016 and Lok Sabha on 08th August, 2016.
Detailed explanation-3: -To address all these and other issues, the Constitution (122nd Amendment) Bill was introduced in the 16th Lok Sabha on 19.12. 2014. The Bill provides for a levy of GST on supply of all goods or services except alcohol for human consumption.
There is 1 question to complete.