The correct answer is: A. Rs.20 lacs
The e-commerce operator registration threshold limit is Rs.20 lacs. This means that any e-commerce operator whose gross turnover from online sales exceeds Rs.20 lacs in a financial year is required to register with the government.
The objective of this threshold limit is to ensure that all e-commerce operators are compliant with the relevant laws and regulations. This will help to protect consumers and ensure a level playing field for all businesses operating in the e-commerce space.
The e-commerce operator registration threshold limit was first introduced in the Finance Act, 2016. The limit was subsequently increased to Rs.40 lacs in the Finance Act, 2017. However, the limit was reduced back to Rs.20 lacs in the Finance Act, 2018.
The e-commerce operator registration threshold limit is applicable to all e-commerce operators, irrespective of their location. This means that e-commerce operators located in India or outside India are required to register with the government if their gross turnover from online sales exceeds Rs.20 lacs in a financial year.
The e-commerce operator registration threshold limit is a significant step in the government’s efforts to regulate the e-commerce sector. The threshold limit will help to ensure that all e-commerce operators are compliant with the relevant laws and regulations. This will help to protect consumers and ensure a level playing field for all businesses operating in the e-commerce space.
Here is a brief explanation of each option:
- Option A: Rs.20 lacs. This is the correct answer. The e-commerce operator registration threshold limit is Rs.20 lacs.
- Option B: Rs.50 lacs. This is incorrect. The e-commerce operator registration threshold limit is Rs.20 lacs, not Rs.50 lacs.
- Option C: Rs.75 lacs. This is incorrect. The e-commerce operator registration threshold limit is Rs.20 lacs, not Rs.75 lacs.
- Option D: None of above. This is incorrect. The correct answer is Option A.