Rajshree, a resident of Ahmedabad (Gujarat), commenced her business of supply of goods in the month of April 2023. She has provided the following information: (i) Her intra-state turnover for the first two quarters were

As per section 10 read with rule 7 of CGST Act, a registered person opting for composition levy for goods, pays tax at the rates mentioned below during the current financial year in lieu of the tax payable by him under regular scheme: Trader 1% (0.5% CGST + 0.5% SGST / UTGST) of the turnover of taxable supplies of goods & services in the State/Union Territory Turnover prior to getting registered will not be considered for determining the turnover in a State/Union Territory. Tax Payable by Rajshree: ii. If she is a trader For the quarter July to September, 2023, her intra-state turnover is ₹ 90 lakhs, which includes 30% supplies of exempted goods. Therefore, taxable supplies are 70% of ₹ 90 lakhs = ₹ 63 lakhs. CGST = ₹ 63 lakhs * 0.5% = ₹ 31,500 SGST = ₹ 63 lakhs * 0.5% = ₹ 31,500