Verma is a retail trader of textile goods at Puducherry. His turnover was ₹ 90 lakh for the financial year 2022-23. He has opted for composition scheme under GST. How much is the amount of tax payable by him?

CS Executive · Tax Laws · PYQS · June 2023
Verma is a retail trader of textile goods at Puducherry. His turnover was ₹ 90 lakh for the financial year 2022-23. He has opted for composition scheme under GST. How much is the amount of tax payable by him?
(A) CGST ₹ 45,000 and UTGST ₹ 45,000
(B) UTGST ₹ 90,000
(C) IGST ₹ 45,000 and SGST ₹ 45,000
(D) CGST ₹ 45,000 and SGST ₹ 45,000

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D). Official source note: Correct option is D, as puducherry is not a union territory under GST laws.

Topics: GST

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