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
    ×
    ×