Notification No. 05/2019
Date: January 29, 2019
Subject: Amendment in tax rate calculation under the Composition Scheme
Description:
Issued under section 10 of the CGST Act, this notification amends Notification No. 8/2017 – Central Tax. It substitutes the existing rate-based wording with a reference to tax calculated at the rate specified in rule 7 of the CGST Rules, 2017. The amendment ensures uniformity and clarity in computation of tax payable by composition taxpayers and is effective from 01 February 2019.
Amendment:
This notification amends notification No. 8/2017