What is the rate applicable under CGST to a registered person being a hotelier opting to pay taxes under composition scheme?
A. 1%
B. 0.5%
C. 2.5%
D. None of the above
Answer: Option C
Solution(By Examveda Team)
A registered taxpayer, who is registered under the Composite Scheme will pay tax at a rate not more than 1% for manufacturer, 2.5% for restaurant sector and 0.5% for other suppliers of turnover.Join The Discussion
Comments ( 1 )
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B. Government Sales Tax
C. Goods and Services Tax
D. General Sales Tax
In India GST became effective from
A. 1st April, 2017
B. 1st January, 2017
C. 1st July, 2017
D. 1st March, 2017
In India GST came effective from July 1st, 2017 India has chosen _______ model of dual – GST.
A. USA
B. UK
C. Canadian
D. China
E. Japan
GST is a _______ based tax on consumption of goods and services.
A. Duration
B. Destination
C. Dividend
D. Development
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In my opinion, Answer should be B option as 2.5% is applicable only to restaurants