Question 1

Who needs to register for GST according to the video?

Accepted Answer

Businesses exceeding the turnover threshold

Answer

Freelancers regardless of income

Answer

Non-profit organizations

Answer

Only large corporations

Question 2

What is one of the required documents for GST registration?

Accepted Answer

PAN

Answer

High school diploma

Answer

Driver's license

Answer

Rental agreement

Question 3

Where is the online GST registration process completed?

Accepted Answer

GST portal

Answer

Local tax office

Answer

Third-party service website

Answer

Company’s internal system

Question 4

What happens after submitting the GST registration application?

Accepted Answer

Verification by GST authorities

Answer

Automatic rejection

Answer

Immediate approval

Answer

Peer review

Question 5

What is a common issue faced during GST registration mentioned in the video?

Accepted Answer

Incorrect document upload

Answer

Insufficient tax payment

Answer

Filing for the wrong tax year

Answer

Overpayment of taxes

Question 6

What is one benefit of being GST registered?

Accepted Answer

Ability to claim input tax credit

Answer

Reduced income tax rate

Answer

Automatic business grants

Answer

Exemption from all taxes

Question 7

What is required post-GST registration for compliance?

Accepted Answer

Filing GST returns

Answer

Monthly profit reports

Answer

Regular product audits

Answer

Quarterly employee evaluations

Question 8

How does GST registration benefit businesses in terms of compliance?

Accepted Answer

Improved compliance

Answer

Higher eligibility for loans

Answer

Exemption from filing any returns

Answer

Reduced accounting requirements

Question 9

What is included in the GST registration process according to the video?

Accepted Answer

Filling out forms and uploading documents

Answer

Attending in-person interviews

Answer

Submitting paper forms

Answer

Sending documents by mail

Question 10

What is the verification process timeline for GST registration?

Accepted Answer

Specified by GST authorities

Answer

Instant approval

Answer

No verification needed

Answer

Six months from submission

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