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GST - Highlights / Catch Notes

Home Highlights January 2018 Year 2018 This

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


Traders under composition levy taxed at 1% on taxable turnover, excluding non-taxable supplies per amended Rule 7, CGST Rules.

January 24, 2018

Act Rules     GST

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.f. 1.1.208 from the turnover] - Rule 7 of the CGST Rules, 2017 as amended.

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