A

Admin • 833.24K Points
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Q. Which of these is a GST exemption condition for small businesses?

  • (A) Turnover below ₹40 lakhs
  • (B) Turnover below ₹1 crore
  • (C) Turnover above ₹50 lakhs
  • (D) Turnover above ₹20 lakhs

Explanation by: Admin

Businesses with annual turnover below ₹40 lakhs (₹20 lakhs for services) are exempt from GST.

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