Economics · Economy
Under the GST framework, exemptions are legally classified into absolute, conditional, and partial categories. Conditional and partial exemptions impose specific limits or restrictions on tax relief. Arrange the following GST exemption scenarios in ascending order based on their maximum specified monetary limits: A. Partial exemption limit (per day) for unregistered individuals supplying goods within the state to a registered person under reverse charge. B. Conditional exemption limit for admission fees payable to theatres, circuses, and sports events. C. Conditional exemption limit for the cost of transport in the transportation of goods. D. Aggregate turnover limit for a business entity receiving exempt judicial services from senior advocates. Choose the correct answer from the options given below:
- 1A, C, B, D
- 2B, A, C, D
- 3B, C, A, D✓
- 4C, B, A, D
Correct answer
B, C, A, D
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