IBPS PO General Awareness: Goods and Services Tax (GST) questions with solutions

Q1. According to recent news, GST-registered businesses with an annual turnover of __________ or more will have to generate e-invoices for B2B transactions from October.

1. ₹1 crore
2. ₹10 crore
3. ₹50 crore
4. ₹20 crore

Answer: ₹10 crore

The e-invoicing requirement for B2B transactions was extended to GST-registered businesses with annual turnover of ₹10 crore and above. Hence, ₹10 crore is correct.