Which out of the following statements is TRUE regarding Composition Scheme in CGST Act, 2017:

CS Executive · Tax Laws · PYQS · June 2022
Which out of the following statements is TRUE regarding Composition Scheme in CGST Act, 2017:
(A) Composition scheme is compulsory
(B) The taxable person under composition scheme can collect tax from recipients at nominal rate
(C) Composition dealer may effect inter-state supplies
(D) Composition dealer issues Bill of Supply rather than Tax Invoice

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: GST

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