📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

  • google app store apple app store
  • ✖

      Question

      When will a person, who opted Composition Levy, have to

      pay tax in GST?
      A On a quarterly basis before the 15th of the month succeeding the quarter during which the supplies were made. Correct Answer Incorrect Answer
      B On a monthly basis before the 15th of the month succeeding the month during which the supplies were made. Correct Answer Incorrect Answer
      C On a monthly basis before the 18th of the month succeeding the month during which the supplies were made. Correct Answer Incorrect Answer
      D On a quarterly basis before the 18th of the month succeeding the quarter during which the supplies were made. Correct Answer Incorrect Answer

      Solution

      A person who has opted for the composition scheme under GST is required to pay tax on a quarterly basis. The due date for payment of tax is the 18th of the month succeeding the quarter during which the supplies were made.

      Practice Next
      ask-question