41. Who are mandatorily required to obtain registration?

Every Person
For an agriculturist or exclusively engaged in supplying exempt goods or services is not required and for others if specified threshold limit exceeds in a financial year
Not required for an agriculturist or person exclusively engaged in supplying exempt goods or services
No, only if specified threshold exceeds in a financial year then only need to obtain

Detailed SolutionWho are mandatorily required to obtain registration?

42. Banking company or Financial Institution have an option of claiming ITC:

Actual Credit or 50% credit
Only 50% Credit
Only cctual credit
Actual credit and 50% credit

Detailed SolutionBanking company or Financial Institution have an option of claiming ITC:

43. HSN Code Stands for

Home Shopping Network
Harmonised System of Nomenclature
Harmonised System Number
Home State Number

Detailed SolutionHSN Code Stands for