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What is the GST exemption limit in the state Uttarakhand, and what is the purpose of uploading invoices?

As per your query, the GST exemption limit in Uttarakhand (North Eastern State) is Rs.75 Lakhs for a Manufacturer/Trader of goods and for a Service Provider the limit stands at Rs.50 lakhs in order to be eligible for the GST composition scheme.

The invoices for the same are uploaded (i.e. Invoice Details, Invoice Number, Date and other updates) by the Service Provider so that the Service Receiver can claim the Input Tax Credit.

For Distributors/Dealers who have opted for the GST composition scheme, there is no requirement of uploading invoices since the GST Composition Scheme states that the Input Tax Credit can neither be claimed nor be allowed to collect any Tax from the recipient of the Service.

Disclaimer:

Risk Factors: Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

Please visit - www.QuantumMF.com to read Scheme Specific Risk Factors. Investors in the Scheme(s) are not being offered a guaranteed or assured rate of return and there can be no assurance that the scheme's objective will be achieved and the NAV of the scheme(s) may go up or down depending upon the factors and forces affecting securities markets. Investment in mutual fund units involves investment risks such as trading volumes, settlement risk, liquidity risk, default risk including possible loss of capital. Past performance of the Sponsor / AMC/ Mutual Fund does not indicate the future performance of the Scheme(s). Statutory Details: Quantum Mutual Fund (the Fund) has been constituted as a Trust under the Indian Trusts Act, 1882. Sponsor: Quantum Advisors Private Limited. (liability of Sponsor limited to Rs. 1,00,000/-) Trustee: Quantum Trustee Company Private Limited. Investment Manager: Quantum Asset Management Company Private Limited (AMC). The Sponsor, Trustee and Investment Manager are incorporated under the Companies Act, 1956.