A
2 only
B
Both 1 and 2
C
Neither 1 nor 2
D
1 only
Correct answer: (d) 1 only
Explanation
Statement 1 is correct; GST registration is mandatory for businesses crossing threshold limits or engaging in inter-state supplies. Statement 2 is incorrect because taxpayers under the composition scheme pay a fixed turnover tax rate and are explicitly barred from claiming input tax credit.
Same topic · past papers
UPSC has asked this before
These previous-year questions sit on the same topic. Open one to practise the earlier ask.