alleryStart learning →Tax and penalty for wrongly opting for composition are determined under which sections?
ASections 54 or 55
BSections 62 or 63
CSections 73 or 74
DSections 129 or 130
Answer & Solution
Correct answer: C. Sections 73 or 74
Section 10(5) applies sections 73 or 74, with necessary changes, to a person paying composition tax despite being ineligible.
Keep practising Levy and Collection of Tax
Browse all Levy and Collection of Tax questions for CA Inter, or explore more Taxation topics.
Related questions
On which date was the sunset for new anti-profiteering complaints set?Anti-profiteering under GST was established through which section of the CGST Act?What does the Revenue Neutral Rate (RNR) represent?Who headed the committee set up to design a GST model under Prime Minister Vajpayee?What indirect tax reform did V. P. Singh begin in 1986?States were assured compensation for GST revenue loss for how many years?Who presides over the GST Council?Which of these is outside GST and taxed separately?