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GST Rate Categories Quiz
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GST Rate Categories Quiz

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@SucceedingFeynman

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Questions and Answers

What is the GST rate for manufacturers of Ice cream, pan masala, and tobacco?

  • 0.5% of turnover in State/UT (correct)
  • 2.5% of turnover in State/UT
  • 5% of turnover in State/UT
  • 10% of turnover in State/UT

    • Who is not eligible under Section 10(2) for the composition scheme?

  • Supplier of services other than restaurant services
  • Person making inter-state supply of goods
  • Supplier of goods that are leviable to tax under GST (correct)
  • Persons supplying goods through ECO

    • In which scenario is a registered person not eligible to opt for the composition scheme?

  • When they have units in multiple states
  • When they supply goods through ECO
  • When multiple registered persons share the same PAN (correct)
  • When they are manufacturers of aerated water

    • Is there any restriction on composition suppliers receiving inter-state supply of goods or services?

    <p>No, there are no restrictions</p> Signup and view all the answers

    In the example provided, what was the total turnover of unit A1 and A2 in the last financial year?

    <p>115 lacs</p> Signup and view all the answers

    What is the GST rate for restaurant services according to the provided information?

    <p>0.5% of turnover in State/UT</p> Signup and view all the answers

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