Q23
What is the rate applicable under CGST to a registered person being a hotelier opting to pay taxes under composition scheme?
A.
1%
B.
0.5%
C.
2.5%
AnswerD.
None of the above
Answer: Option C
Solution
Answer: Option C
Solution:
A registered taxpayer, who is registered under the Composite Scheme will pay tax at a rate not more than 1% for manufacturer, 2.5% for restaurant sector and 0.5% for other suppliers of turnover.