The composition levy payable by a registered person whose aggregate turnover in the preceding Financial Year did not exceed One Crore and fifty lakh rupees making supply by way of or as part of any services or in any oth

CS Executive · Tax Laws · PYQS · December 2019
The composition levy payable by a registered person whose aggregate turnover in the preceding Financial Year did not exceed One Crore and fifty lakh rupees making supply by way of or as part of any services or in any other manner whatsoever of goods being food or any other article for human consumption or any drink (other than Alcoholic Liquor for human consumption) where such supply or service is for cash or defer payment or other valuable consideration shall be at __________ of the turnover.
(A) 0.5%
(B) 1%
(C) 2.5%
(D) 5%

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Goods and Services Tax (GST)

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