dear experts
plz clear the concept of paying half percent of turnover of taxable supplies only w.e.f 1.1.18 as per above notification in case of composition dealer engaged in trading.
as we know earlier it was 1% of total turnover.
what has actually amended?
Rate or turnover?
actually rate change of composition for manufacturer 1 % instead 2% before 1/1/18
now manufacturer composition rate .5% cgst &
.5 % sgst
CAclubindia
