McqMate
Sign In
Hamberger menu
McqMate
Sign in
Sign up
Home
Forum
Search
Ask a Question
Sign In
McqMate Copyright © 2026
→
Bachelor of Management Studies (BMS)
→
Indirect Tax
→
The notified limit for payment of compos...
Q.
The notified limit for payment of composition levy is -
A.
rs. 1 crore
B.
rs. 20lakh
C.
rs. 50 lakh
D.
rs. 2 crore
Answer» A. rs. 1 crore
2.5k
1
Do you find this helpful?
2
View all MCQs in
Indirect Tax
Discussion
BP
Baldev Pradhan
1 year ago
Informative.
1
Login to comment
Related MCQs
Composition levy applicable to tax prayer whose turnover not exceed ___________-
Minimum rate of tax under consumption levy for restaurant services _______
Rate of composition got restaurant is ____________.
Rate of Tax for composition for restaurant is ___________.
Mr. A is supplier opted composition scheme when he is required to file his return in respect of supply of October 2017 to Dec 2017.
Dealers not eligible for opting composition scheme.
The maximum limit of IGST rate fixed in the Act is
If the payment to the supplier of goods or services is not made within----- from the date of issue of invoice, the input tax credit on such goods or services cannot be availed.
An operator can rectify any omission or incorrect particulars in furnishing the statement U/s 52(4) subject to payment of-----
The managers of ITC Ltd., Kolkata (not registered under GST) are given one week trainning in Munnar, by Infosys Ltd. Bangalore, for a sum of Rs. 10 Lakhs. Payment given at Mumbai.The place of supply of service is