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#1. Which of the following documents is required for GST registration?
Answer: A) PAN card of the business
Explanation: PAN card of the business is a mandatory document for GST registration as it serves as a unique identifier for tax purposes.
#2. How does the process of GST registration take place?
Answer: C) Both online and offline methods are available
Explanation: GST registration can be done through both online and offline methods. Most registrations are processed online through the GST portal, but provisions for offline registration are also available.
#3. Who is required to obtain GST registration?
Answer: C) Businesses with a turnover exceeding the threshold limit
Explanation: GST registration is mandatory for businesses whose aggregate turnover in a financial year exceeds the prescribed threshold limit. As of my last update in September 2021, the threshold limit was Rs. 20 lakhs for most states, and Rs. 10 lakhs for special category states.
#4. Which government authority is responsible for processing GST registration applications?
Answer: C) Goods and Services Tax Network (GSTN)
Explanation: The GSTN is the agency responsible for processing GST registration applications and managing the GST portal.
#5. What is the threshold limit for mandatory GST registration for casual taxable persons and non-resident taxable persons?
Casual taxable persons and non-resident taxable persons are required to obtain GST registration regardless of their turnover, as there is no threshold limit.
#6. Is voluntary GST registration allowed? ? what is required
Answer: B) Yes, any business can choose to register voluntarily
Explanation: Businesses with turnover below the mandatory threshold can choose to register under GST on a voluntary basis. This can provide them with certain benefits and enable them to claim input tax credits.
#7. A casual taxable person or a non-resident taxable person needs to obtain GST registration when they intend to:
Answer: A) Supply goods/services for a temporary period in a different state
Explanation: Casual taxable persons and non-resident taxable persons are required to obtain GST registration when they engage in the supply of goods or services for a temporary period in a state or union territory where they are not registered.
#8. In case of changes to the registered information, how soon should the taxpayer update the GST registration?
Answer: A) Within 30 days
Explanation: Taxpayers are required to update any changes in their registered information within 30 days of such change.
#9. Who is required to obtain GST registration as an Input Service Distributor (ISD)?
Explanation: Input Service Distributors (ISDs) are required to obtain GST registration if they intend to distribute the input tax credit (ITC) of input services to their other registered business units.
#10. What is the threshold limit for obtaining GST registration for special category states?
Answer: A) Rs. 10 lakhs
Explanation: Special category states have a lower threshold limit of Rs. 10 lakhs for obtaining GST registration, as compared to the regular threshold of Rs. 20 lakhs.