Which of the following is not one of the features of Central GST Bill and Integrated GST Bill approved by the GST Council?

Question

TuteeHUB · Accepted Answer

To prevent cascading of taxes, input tax credit would be admissible on all goods and services used to further business.

TuteeHUB · Answer

A business entity with an annual turnover of up to Rs. 20 lakhs would not be required to take registration in the GST regime.

TuteeHUB · Answer

The annual turnover threshold in the Special Category States for not taking registration is Rs. 10 lakhs.

TuteeHUB · Answer

A business entity with turnover up to Rs. 1 crore can avail the benefit of a composition scheme.

1.	Which of the following is not one of the features of Central GST Bill and Integrated GST Bill approved by the GST Council?
A.	A business entity with an annual turnover of up to Rs. 20 lakhs would not be required to take registration in the GST regime.
B.	The annual turnover threshold in the Special Category States for not taking registration is Rs. 10 lakhs.
C.	A business entity with turnover up to Rs. 1 crore can avail the benefit of a composition scheme.
D.	To prevent cascading of taxes, input tax credit would be admissible on all goods and services used to further business.
Answer» D. To prevent cascading of taxes, input tax credit would be admissible on all goods and services used to further business.

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