Abhijit Sen is engaged in running a textile showroom at Gangtok (Sikkim). In order to avail composition scheme under GST law, his "aggregate turnover" in the preceding financial year should not have exceeded:

CS Executive · Tax Laws and Practice · PYQS · December 2017
Abhijit Sen is engaged in running a textile showroom at Gangtok (Sikkim). In order to avail composition scheme under GST law, his "aggregate turnover" in the preceding financial year should not have exceeded:
(A) ₹ 10 lakhs
(B) ₹ 20 lakhs
(C) ₹ 50 lakhs
(D) ₹ 75 lakhs

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: GST

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