Notification No. 1/2018
Date: January 1, 2018
Subject: Amendment in composition levy rates under section 10 of the CGST Act
Description:
Reduces the composition tax rate for manufacturers from 1% to 0.5%. Clarifies that 0.5% rate for traders applies only on turnover of taxable supplies of goods. Amendments are made in Notification No. 8/2017–Central Tax.
Effective Date: 1 January 2018
Previous Notification: Notification No. 8/2017 – Central Tax dated 27 June 2017
Other Notifications
12/2024
Rules relating to Aadhaar authentication, cancellation of registration, ISD mech...
Read More15/2022
An Explanation is inserted under S. No. 12 clarifying that exemption applies whe...
Read More65/2017
Service providers supplying through an e-commerce operator liable to collect TCS...
Read More