MCQOPTIONS
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MCQOPTIONS
| 1. |
Which of the following decisions have been taken during the GST Council meeting chaired by Finance Minister Arun Jaitley? |
| A. | The limit has been increased under the composition scheme, its limit has been increased from Rs 75 lakh to Rs 1 crore. Trading in this scheme (one percent on turnover of one crore, 2 percent for manufacturing and five percent for restaurants.) |
| B. | Exemption from filing GST returns every month for businessmen with a turnover of up to Rs 1.5 crore. |
| C. | The system of reverse charge has been postponed till March 31, 2018. |
| D. | All of the above |
| Answer» E. | |