what was the answer of FTP MCQ
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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.
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