Home CA Final MCQ composition scheme under gst

composition scheme under gst


Mock test in composition scheme under gst .

GST Composition Scheme

Subject :- GST for CA Final

Chapter :- Composition Scheme – Test 1

Questions :- 30

Composition Scheme under GST is a simple and easy scheme.

Composition Scheme under GST for small taxpayers, provides concessional rate of tax and filing of quarterly returns.

GST Composition Scheme can be opted by any taxpayer whose turnover is less than Rs. 1.5 crore.

composition dealer can also supply services to an extent of ten percent of turnover, or Rs.5 lakhs, whichever is higher.

Turnover of all businesses registered with the same PAN should be taken into consideration to calculate turnover.

Service Providers can opt into the GST Composition Scheme, and the Government has set the threshold turnover for service providers at Rs. 50 lakhs to be eligible for this scheme.

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