Question
For which of the following goods, the manufacturer is
not allowed to opt for composition scheme:Solution
Manufacturers of pan masala, ice cream, and topical and manufactured tobacco substitutes are not allowed to opt for the composition scheme under the Goods and Services Tax (GST) in India. These goods are excluded from the composition scheme, and manufacturers dealing with them.
What are sweat equity shares?
A borrower is offered two loan options:
• Loan A: ₹50 lakh @ 9.5% with 1.5% upfront fee
• Loan B: ₹50 lakh @ 10% with no fee
<...Which of the following is not allowed in small accounts?
What is a primary condition under RBI guidelines for REs when onboarding non-resident customers with limited KYC documentation? Â
A borrower has defaulted on a term loan for over 90 days. The bank categorizes the account as an NPA. Later, the borrower partially repays the overdue a...
Which portal monitors outstanding dues to MSEs?
Acquisition costs (commissions, underwriting) are high and incurred upfront on 1 Oct. Policies are expected to persist on average 9 months (lapse experi...
The CIBIL MSME Rank (CMR) is a credit score that helps lenders assess the risk of lending to MSMEs. What is the scale used for CMR?
What is the threshold aggregate annual credit limit for deposit accounts opened using Aadhaar OTP-based e-KYC?
When REs use Aadhaar for customer verification in offline mode, what is mandatory according to RBI guidelines? Â
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