Question

cost of an article with GST is 59. What is the taxable value of
the article, if the GST at 18% was collected?
​

Answer 1

Answer:

The answer is 10.62 rupees

Answer 2

Answer:

Easy compliance as no elaborate accounts and records to be maintained

Simple Quarterly Return

Quarterly payment of tax

Provisions related to composition levy have been provided under section 10 of the Central GST Act, 2017 and Chapter 2 of the CGST Rules, 2017. Under this scheme, a registered taxable person, whose aggregate turnover does not exceed Rs 1 crore (Rs 75 lakh for special category states except J&K and Uttrakhand) in the financial year 2016