Economics · Economy

Evaluate the following statements regarding the Central Goods and Services Tax (CGST) Act, 2017: Statement 1: A non-resident taxable person making occasional supplies of goods or services is required to obtain compulsory registration, valid for 90 days (extendable by another 90 days). Statement 2: A banking company opting for the special option under Section 17(4) is exempt from the 50% credit restriction on supplies received from another distinct branch having the same PAN. Statement 3: The 'Place of Supply' for the service of transportation of goods provided to a registered person is always the location of such registered person. Which of the following evaluations is correct?