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Tax Rate for manufacturer under composition

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27 Points Posted on 25 July 2020
What is effective date ,rate reduce 1% for manufacturer under composition schemne
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On 25 July 2020 at 22:40 Report
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Tax and Business Consultant
11616 Points Posted on 25 July 2020

Rate of GST 2% for manufacturer under composition schemne from 1st July 2017 to 31st Dec 2017

CBEC vide Notification No. 01/2018 dated 01 Jan 2018 reduced GST Rates for manufacturer who have opted composition scheme to 1% w.e.f.01st January 2018.

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On 25 July 2020 at 23:00
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Student
23688 Points Posted on 26 July 2020
As per the Provision of Section 10(1) clause (a) of the CGST Act 2017 read with Notification No. 1/2018, Central Tax, dated 01st January 2018, the Effective Rate of GST ( CGST + SGST ) of Manufacturer in case of Composition Scheme is 1%.
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On 26 July 2020 at 00:46
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Student
448 Points Posted on 26 July 2020
Shivam RC • 26 July 2020

As per Section 10(1) of the CGST Act 2017 read with Notification No. 1/2018:

FROM 01/01/2018, the Effective Rate of GST ( CGST-0.5% + SGST-0.5% ) for the Manufacturer under Composition Scheme is 1%.
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On 26 July 2020 at 02:23
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1102 Points Posted on 26 July 2020
Earlier it's 2% but by notification no. 01/2018
it's reduced to 1% for manufacturer under composition scheme
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On 26 July 2020 at 06:49
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GST Practitioner
55067 Points Posted on 26 July 2020
The Notification 3/2018 CT of 23/1/2018 Amendment rule also specify GST rate 1% for both the act for manufacturer effective from 1/1/2018
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On 26 July 2020 at 15:54
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1313 Points Posted on 26 July 2020
THe Composition rate for the Manufacturer in GST is 1% w. e. f 1/2018.
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On 26 July 2020 at 20:24


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