A registered person can opt under Composition Levy only in respect of one out of his two or more business verticals having same Permanent Account Number (PAN) as per provisions of the CGST Act, 2017.

CS Executive · Tax Laws · PYQS · December 2021
A registered person can opt under Composition Levy only in respect of one out of his two or more business verticals having same Permanent Account Number (PAN) as per provisions of the CGST Act, 2017.
(A) Yes
(B) No
(C) Yes, subject to prior approval of proper officer
(D) Yes, subject to prior approval of GST Council

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: GST

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