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Composition scheme not updated yet on the portal, Goods and Services Tax - GST

Issue Id: - 114443
Dated: 29-12-2018
By:- L D Raj & Co

Composition scheme not updated yet on the portal


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I'm wondering why Notification No. 1/2018- Central Tax not considered in the law yet on your portal...sec 10 for manufacturers still shows 1% whearas its changed to 0.5% back in Jan 18

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Showing Replies 1 to 6 of 6 Records

Page: 1


1 Dated: 30-12-2018
By:- KASTURI SETHI

It is 0.5 % per cent. of the turnover in State in case of a manufacturer and it is 0.5 % in Central GST in case of a manufacturer. It is 1 % in total (CGST : 0.5 % + SGST 0.5%).


2 Dated: 3-1-2019
By:- L D Raj & Co

currently it shows as 1% under CGST Act alone for Manufacturers.


3 Dated: 6-1-2019
By:- Surender Gupta

Section 10 prescribes the upper limit of tax which can be levied under composition scheme. Notification No. 1/2018- Central Tax does not change the rate of tax as prescribed under section Section 10.

The effective rate of tax under the composition scheme has been prescribed under the Notification No.8/2017- Central Tax, dated the 27th June, 2017.

Accordingly, the relevant notification has been updated and shall continue to be updated from time to time as and when required.


4 Dated: 6-1-2019
By:- Surender Gupta

With due humble and respect, we could not find any peer who is so prompt in updating the relevant notifications and provisions at such speed and scale. Indeed, some times, error may creep in. But, even if some times there may be inadvertent shortcomings, we are always ready to learn and improve.

Further, it is common understanding that in the Indirect Tax laws, statutory provisions must be read with related notifications and circulars. Without reading the two together, our interpretation of provisions my be wrong as happened in this case.

Notification No. 1/2018- Central Tax nowhere states that provisions of section 10 shall be amended since the provision of an act can be amended by the parliament only and not by the government through the notifications.


5 Dated: 6-1-2019
By:- KASTURI SETHI

Sh.Surender Gupta Ji,. Yes, Sir. It is true and factual position.


6 Dated: 7-1-2019
By:- KASTURI SETHI

TMI posts each and every notification, case larw, circular immediately. This site is providing best services free of cost to the querists in Discussion Forum. It Is the duty of Querist/ assessee to correlate or trace out the status of these in their interests. What I have observed all other web sites and packages also do not post all circulars/notifications and case laws.CBIC site must also be seen.


Page: 1

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