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
6 Replies
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.
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%.
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%.
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%.
annu Goyal
(1102 Points)
Replied 26 July 2020
Earlier it's 2% but by notification no. 01/2018
it's reduced to 1% for manufacturer under composition scheme
it's reduced to 1% for manufacturer under composition scheme
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 26 July 2020
The Notification 3/2018 CT of 23/1/2018 Amendment rule also specify GST rate 1% for both the act for manufacturer effective from 1/1/2018
Vijayprakash P
(1313 Points)
Replied 26 July 2020
THe Composition rate for the Manufacturer in GST is 1% w. e. f 1/2018.
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