Notification No. 1/2018- Central Tax
New Delhi, the 1st January, 2018
G.S.R. 02(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 27th 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 27th 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.
[F. No. 354/320/2017- TRU]
The tax rates change for the composition taxpayers is applicable for manufacturers and traders.
||Category of Composition Tax Payer
||As per Notification No. 8/2017-Central Tax
||As per Notification No. 1/2018- Central Tax
||half per cent. of the turnover in State in case of other suppliers:
||“half per cent. of the turnover of taxable supplies of goods