MCQ OF THE DAY
CA Inter - Indirect Tax
ICAI mcq booklet question

Choose the correct answer from the poll given below.
What is the validity of the registration certificate granted under GST for a normal tax payer?
(a) One year
(b) Two years
(c) Valid till it is cancelled
(d) Five years.

MCQ OF THE DAY
CA Inter - Indirect Tax
ICAI mcq booklet question

Choose the correct answer from the poll given below.
How is the aggregate turnover calculated for determining threshold limit for registration?
(a) Aggregate value of all taxable supplies (excluding the value of inward supplies on which tax is payable by a person on reverse charge basis and inter-State supplies), exempt supplies and export of goods/services
(b) Aggregate value of all taxable supplies (excluding the value of inward supplies on which tax is payable by a person on reverse charge basis), exempt supplies, export of goods/services and inter-State supplies of a person computed for each State separately.
(c) Aggregate value of all taxable intra-State supplies, export of goods/services and exempt supplies of a person having same PAN computed for each State separately.
(d) Aggregate value of all taxable supplies (excluding the value of inward supplies on which tax is payable by a person on reverse charge basis), exempt supplies, export of goods/services and inter-State supplies of a person having same PAN computed on all India basis and excluding taxes if any charged under CGST Act, SGST Act and IGST Act.