MCQOPTIONS
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| 1. |
What will happen if the turnover of a registered person opting to pay taxes under compositionscheme during the year 2019-20 crosses threshold limit? |
| A. | He can continue under composition scheme till the end of the financial year |
| B. | He will be liable to pay tax at normal rates of GST on the entire turnover for the financial year 2019-20 |
| C. | He will cease to remain under the composition scheme with immediate effect |
| D. | He will cease to remain under the composition scheme from the quarter following the quarter in which the aggregate turnover exceeds threshold limit |
| Answer» D. He will cease to remain under the composition scheme from the quarter following the quarter in which the aggregate turnover exceeds threshold limit | |