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

  • google app store apple app store

    • Question

      A trader opts for GST Composition Scheme and has total

      turnover of ₹1.2 crore. What is the GST rate applicable?
      A 5% Correct Answer Incorrect Answer
      B 1% Correct Answer Incorrect Answer
      C 18% Correct Answer Incorrect Answer
      D 0.5% Correct Answer Incorrect Answer

      Solution

      For traders, under the Composition Scheme, GST rate is 1% (0.5% CGST + 0.5% SGST).

      Practice Next
      ask-question