Hello Sir,
Under the composition scheme, 1% tax to be paid only on taxable turnover or taxable as well as non taxable turnover for the period of Jan to Mar'18.
Virendra Gupta (CMA) (182 Points)
31 March 2018Hello Sir,
Under the composition scheme, 1% tax to be paid only on taxable turnover or taxable as well as non taxable turnover for the period of Jan to Mar'18.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160886 Points)
Replied 31 March 2018
G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 10 of the Central Goods and Services Tax Act, 2017 (12 of 2017) the Central Government, on the recommendations of the Council, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No.8/2017- Central Tax, dated the 27 th June, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 647 (E), dated the 27 th June, 2017, namely:-
In the said notification, in the opening paragraph, -
(a) in clause (i), for the words “one per cent.”, the words “half per cent.” shall be substituted;
(b) in clause (iii), for the words “half per cent. of the turnover”, the words “half per cent. of the turnover of taxable supplies of goods” shall be substituted.
Virendra Gupta
(CMA)
(182 Points)
Replied 31 March 2018
Thank you for the reply...
Sir the attachment u have shared is not signed. should i refer that.
CAclubindia
