Section 10 of the CGST Act, 2017 contains the provisions regarding composition levy with the objective to bring simplicity and to reduce the compliance cost for the small tax payers. State which out of the following stat

CS Executive · Tax Laws · PYQS · December 2021
Section 10 of the CGST Act, 2017 contains the provisions regarding composition levy with the objective to bring simplicity and to reduce the compliance cost for the small tax payers. State which out of the following statements is not correct for a tax payer who has opted for composition scheme :
(A) A registered person supplying goods under the composition scheme shall issue a bill of supply and cannot raise tax invoice
(B) Last day of payment of liability towards tax, interest, penalty, fees or any sum is 18th day of the month following each quarter
(C) Last date of payment of liability towards tax, interest, penalty, fees or any sum is 20th day of each month
(D) A composition dealer shall mention the words "composition taxable person, not eligible to collect tax on supplies" at the top of the bill of supply issued by him

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: GST

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