Question
According to Union Budget 2023-24, consider the
following statements regarding Legislative Changes In GST laws: Â 1. Raise the minimum threshold of tax amount for launching prosecution under GST from Rs1 crore to Rs2 crore, except for the offense of issuance of invoices without supply of goods or services or both 2. reduce the compounding amount from the present range of 50 percent to 150 percent of tax amount to the range of 25 per cent to 100 percent; 3. Input tax credit ITC shall be available in respect of goods or services or both received by a taxable person, which are used or intended to be used for activities relating to his obligations under corporate social responsibility CSR. Choose the correct option using the codes below:Solution
Decriminalisation  Section 132 and section 138 of CGST Act are being amended, inter alia, to 1. raise the minimum threshold of tax amount for launching prosecution under GST from Rs1 crore to Rs2 crore, 2. except for the offense of issuance of invoices without supply of goods or services or both; reduce the compounding amount from the present range of 50 percent to 150 percent of tax amount to the range of 25 percent to 100 percent; 3. decriminalize certain offenses specified under clause (g), (j) and (k) of sub-section (1) of section 132 of CGST Act, 2017, viz.  obstruction or preventing any officer in discharge of his duties; deliberate tempering of material evidence; failure to supply the information  Input Tax Credit for expenditure related to CSR Section 17(5) of CGST Act is being amended to provide that input tax credit shall not be available in respect of goods or services or both received by a taxable person, which are used or intended to be used for activities relating to his obligations under corporate social responsibility referred to in section 135 of the Companies Act, 2013.
Select the wrongly spelt word.
Choose the word opposite in meaning to the given word:
Mitigate
What should be done to create a world in which women can live free from discrimination and Oppression?
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Despite repeated warnings, the officer's ... Choose the word opposite in meaning to the given word.
Comprehensive
Find out the appropriate word.
One who always looks at the brighter side
In each of the following questions, one word is highlighted in bold. There are four sentences given in the option. Out of the four sentences, three wil...
Select the most appropriate ANTONYM of the given word.
 Liability
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