A. Arunachal Pradesh
B. Meghalaya
C. Manipur
D. Mizoram
E. Sikkim
Choose the most appropriate answer from the option given below:
GST Registration Threshold for Special Category States
The Goods and Services Tax (GST) regime mandates registration for suppliers whose aggregate turnover exceeds a specified threshold limit. For certain 'special category' states, this threshold was historically set at Rs. 20 lakh per annum for the supply of goods and/or services.
Identifying States with Rs. 20 Lakh Threshold
Based on the specific criteria of the Rs. 20 lakh threshold mentioned in the question, we need to identify the states from the given options that fall under this requirement:
- Arunachal Pradesh (A): This state was among those with a lower threshold limit.
- Meghalaya (B): This state also had the Rs. 20 lakh threshold applicable.
- Manipur (C): This state is included as requiring registration above the Rs. 20 lakh turnover limit.
States like Mizoram (D) and Sikkim (E), while potentially having similar thresholds under specific circumstances or at different times, are not included in the combination designated as the correct answer.
Conclusion on Registration Requirement
Therefore, the states where suppliers are required to obtain registration if their aggregate turnover exceeds Rs. 20 lakh are Meghalaya (B), Manipur (C), and Arunachal Pradesh (A).
Important Questions from Goods and Services Tax (GST)
Which of the following is an Indirect Tax in India?
Goods and Service Tax is an example of ________.
Which of the following is an example of revenue receipt of the government?
The Goods and Services Tax, Act commenced from ______.
What kind of a tax is GST?
