what was the answer of FTP MCQ
CA Final IDT(Old) May 2019
Page no : 3
Nirav Jariwala
(Senior Auditor (As Article))
(36 Points)
Replied 12 June 2019
as far as i remember, in composition MCQ, it was asked about CGST and Not GST.
Abhishek Patil
(2 Points)
Replied 12 June 2019
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.
G Srikanth
(Internal Auditor)
(34 Points)
Replied 12 June 2019
Question paper setter played around giving the term "inclusive of tax/exclusive of tax" in many questions .... Need to be alert while solving sums
Kush Shah
(Student CA Final )
(76 Points)
Replied 14 June 2019
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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