alleryStart learning →A manufacturer under composition has State turnover of Rs 40 lakh. At one per cent, how much composition tax is due?
ARs 20,000
BRs 40,000
CRs 4,000
DRs 1,00,000
Answer & Solution
Correct answer: B. Rs 40,000
One per cent of Rs 40,00,000 equals Rs 40,000.
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