Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
GST - Highlights / Catch Notes

Home Highlights January 2018 Year 2018 This

Rate of tax of the composition levy - Manufacturers - Rate of ...


Tax Rate for Manufacturers Cut to 1% Under Amended Rule 7 of CGST Rules, 2017 Effective Jan 1, 2018.

January 24, 2018

Act Rules     GST

Rate of tax of the composition levy - Manufacturers - Rate of tax shall be 0.5% (CGST) + 0.5% (SGST) = 1% on the turnover including non taxable supplies w.e.f. 1.1.2018 [earlier it was 2%] - Rule 7 of the CGST Rules, 2017 as amended.

View Source

 


 

You may also like:

  1. Amending the CGST Rules, 2017(Third Amendment Rules, 2018) - Notification

  2. The respondent, engaged in selling medicines with GSTIN 24AFKPG7000FIZZ, failed to pass on the benefit of GST rate reduction from 28% to 18% on the product "Eclat Serum...

  3. Effective date of Change in rate of tax / GST - In case of a notification in the body of which the effective date is not written, the effect of the amending notification...

  4. GST rates for Composition Scheme with CGST Rules, 2017 aligned between notification and rules.

  5. Seeks to make amendments (Eighth Amendment, 2018) to the CGST Rules, 2017

  6. Rate of tax of the composition levy - Traders - Rate of tax shall be 0.5% (CGST) + 0.5% (SGST) = 1% on the taxable turnover only [non-taxable supplies to be excluded w.e....

  7. The works rendered by the applicant involving application of polymer protective coating for bridges, as part of construction or routine maintenance/renovation, falls...

  8. Profiteering - ervices by way of admission to exhibition of cinematograph films - the profiteering amount is determined as Rs. 2.66,99,340/- as per the provisions of...

  9. Classification of goods - rate of GST - (i) Supply of sealed fruit bowl containing only cut fresh fruits without addition of any preservatives or additives which are...

  10. The applicant sought ruling on eligibility for exemption under serial No. 3A of N/N. 9/2017-IT (Rate) as amended by N/N. 2/2018-IT (Rate) regarding dredging services...

  11. HC determined that Notification No. 54/2018-Central Tax amending Rule 96(10) of CGST Rules operates prospectively from October 9, 2018, not retrospectively from October...

  12. Health insurance services provided by the applicant to Tamil Nadu State Government (TNSG) are exempted from GST under Serial Number 40 of Notification No....

  13. Seeking GST registration to be effective from retrospective effect i.e. 1.7.2017 - Migration from erstwhile tax laws to GST - Bonafide error in making application - The...

  14. The Commissioner, on the recommendations of the Council, has extended the due date for filing FORM GSTR-3B for the month of October 2024 till 11th December 2024 for...

  15. Anti-Profiteering - Order of the Authority - Rule 133 of the CGST Rules, 2017 as amended.

 

Quick Updates:Latest Updates