XYZ Ltd., manufacturer of goods opted for composition scheme for financial year 2021-22. It supplied taxable goods of ₹70,00,000 and exempted goods of ₹10,00,000 in financial Year 2021-22. The GST liability of XYZ Ltd. w
CS Executive · Tax Laws · PYQS · December 2022
XYZ Ltd., manufacturer of goods opted for composition scheme for financial year 2021-22. It supplied taxable goods of ₹70,00,000 and exempted goods of ₹10,00,000 in financial Year 2021-22. The GST liability of XYZ Ltd. would be:
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: GST
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