what was the answer of FTP MCQ
Menu
CA Final IDT(Old) May 2019
mcq he pass karaege isme to bas 😅😅
39,00,000
its 28000
as far as i remember, in composition MCQ, it was asked about CGST and Not GST.
it was written (CGST+SGST) in the question
Thnk u sankalp
Your Welcome :)
Its 28000. For 'manufacturers' its 1% of the total turnover including exempt,export,non taxable Turnover. So 1% of Rs.28lakh is to be taken. Only incase registered person was 'retailer etc' then you can exclude non-taxable turnover.
Question paper setter played around giving the term "inclusive of tax/exclusive of tax" in many questions .... Need to be alert while solving sums
I thought including the non taxable turnover was to only identify if the person is eligible for composition scheme. But for calculating the tax I have calculated gst on the taxable amount only.
Recent Topics :
- Tax Benefit on Second Property
- IPO application checklist: 18 rules that decide wh
- NSE IPO Price, GMP, Allotment Date and Listing
- Gst tax rate
- Cash deposited by customer
- CAPITAL GAIN REG
- Built a simple tool to automate client document fo
- Capital Gain on Sale of SRA Allotted Flat Received
- Discrepancy in Auto populated figures in GSTR1 of
- What should I do after receiving a GST Show Cause
Related Topics :
CAclubindia
