Composition tax rate

SSG (1936 Points)

05 January 2018

What will be the tax rate on the manufacturer registered under composition scheme from Nov. 2017?

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5 Replies

CA Naveen Chand (Chartered Accountant) (12734 Points)
Replied 05 January 2018

Mayank Saini (Student) (123 Points)
Replied 05 January 2018

it has not notified as 1%

manikanta cwa final (Student CMA) (32 Points)
Replied 05 January 2018

For Traders 0.5%cgst and 0.5%sgst = totalaly 1% on turnover

For Manufactures 1% cgst and 1%sgst = totally 2% on turnover

For Resturanters 2.5% cgst and 2.5%sgst = totally 5% on turnover

SSG (1936 Points)
Replied 05 January 2018

for manufacturers rate will be 2% for sales in Nov. and Dec. 2017 or 1%?

GSTmitra (owner) (59 Points)
Replied 05 January 2018

Manufacturer - 1%

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