Current Affairs · Economy & GST Framework
Consider the following statements regarding India's GST framework: 1. India's monthly GST collection crossed ₹2.50 lakh crore for the first time in April 2024. 2. E-invoicing under GST applies to businesses with an annual aggregate turnover of ₹5 crore and above. 3. India follows a Dual GST model comprising CGST, SGST, and IGST. 4. The threshold limit for mandatory GST registration for exclusive suppliers of goods in general category states is ₹40 lakh. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 12, 3 and 4 only✓
- 21, 2 and 4 only
- 32 and 3 only
- 41 and 3 only
Correct answer
2, 3 and 4 only
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