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Tax Rate for manufacturer under composition

ABHISHEK SURANA (27 Points)

25 July 2020

What is effective date ,rate reduce 1% for manufacturer under composition schemne

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Sagar Patel (Tax and Business Consultant) (11611 Points)
Replied 25 July 2020

Rate of GST 2% for manufacturer under composition schemne from 1st July 2017 to 31st Dec 2017

CBEC vide Notification No. 01/2018 dated 01 Jan 2018 reduced GST Rates for manufacturer who have opted composition scheme to 1% w.e.f.01st January 2018.

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Shivam RC (Student) (23683 Points)
Replied 26 July 2020

As per the Provision of Section 10(1) clause (a) of the CGST Act 2017 read with Notification No. 1/2018, Central Tax, dated 01st January 2018, the Effective Rate of GST ( CGST + SGST ) of Manufacturer in case of Composition Scheme is 1%.

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Maryam Hasan Meem (Student) (448 Points)
Replied 26 July 2020

Shivam RC • 26 July 2020

As per Section 10(1) of the CGST Act 2017 read with Notification No. 1/2018:

FROM 01/01/2018, the Effective Rate of GST ( CGST-0.5% + SGST-0.5% ) for the Manufacturer under Composition Scheme is 1%.

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