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Composition tax rates
What are the updated GST COMPOSITION tax rates
Replies (2)
For Manufaturers & traders - 1% (0.5% CGST + 0.5% SGST)
For Restaurants not providing liquor - 5% (2.5 CGST + 2.5% SGST)
Yes, it is correct.
GST is to be paid on taxable supplies only.
GST is to be paid on taxable supplies only.
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