Section 10 of the CGST Act, 2017 contains the provisions regarding composition levy having objective to reduce compliance cost for the small tax payers who are having an annual turnover of less than ₹ __________ in the p

CS Executive · Tax Laws · PYQS · December 2020
Section 10 of the CGST Act, 2017 contains the provisions regarding composition levy having objective to reduce compliance cost for the small tax payers who are having an annual turnover of less than ₹ __________ in the preceding financial year. However, in the States of Arunachal Pradesh and Uttarakhand the aggregate turnover limit shall be ₹ __________.
(A) 1 Cr.; 50 lakh
(B) 1 Cr.; 75 lakh
(C) 1.5 Cr.; 50 lakh
(D) 1.5 Cr.; 75 lakh

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: GST

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