Mayur Hotel in Jaipur opted for composition scheme under GST for the financial year 2022-23. Its turnover for the year was ₹ 120 lakh. How much is the amount of GST payable by Mayur Hotel?

CS Executive · Tax Laws · PYQS · June 2023
Mayur Hotel in Jaipur opted for composition scheme under GST for the financial year 2022-23. Its turnover for the year was ₹ 120 lakh. How much is the amount of GST payable by Mayur Hotel?
(A) CGST ₹ 60,000 and SGST ₹ 60,000
(B) CGST ₹ 1,20,000 and SGST ₹ 1,20,000
(C) CGST ₹ 3,00,000 and SGST ₹ 3,00,000
(D) CGST ₹ 7,20,000 and SGST ₹ 7,20,000

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: GST

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