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What is the rate of tax in under composition ?

Rate / HSN codes 512 views 11 replies
kindly explain composition tax 0.5% or 1%
Replies (11)

Pl refer notification for composition levy:

https://www.cbec.gov.in/resources//htdocs-cbec/gst/notfctn-8-central-tax-english.pdf

 

Traders 1%,Manufacturers 2% and restaurants @ 5%.No input woukd be available.
trader 1%,means CGST 0 5% AND CGST 0 5 % is it correct?

Yes exactly

Typo I guess.It is CGST 0.5% & SGST 0.5% respectively.

Manufacturer - SGST 1% CGST 1% Total 2%

Catering Service - SGST 2.50% CGST 2.50% Total 5.00%

Traders - SGST 0.50% CGST 0.50% Total 1.00%

Inter State supply of Service or goods not possible under the composit scheme 

 

i think for
manufacturer - 0.5 + 0.5 i.e 1%
traders - 0.25 + 0.25 i.e. 0.5%
plz confirm

Sorry it isnt so.Please refer above mentioned rates.

(i) one per cent. of the turnover in State in case of a manufacturer,

(ii) two and a half per cent. of the turnover in State in case of persons engaged in making supplies referred to in clause (b) of paragraph 6 of Schedule II of the said Act, and

(iii) half per cent. of the turnover in State in case of other suppliers:

These are the wordings in the Notification No. 8/2017-Central Tax dated 27/06/2017

I need clarification on second point who are those comming under this 2.5%

Originally posted by : E.KALAIKOVAN
Manufacturer - SGST 1% CGST 1% Total 2%

Catering Service - SGST 2.50% CGST 2.50% Total 5.00%

Traders - SGST 0.50% CGST 0.50% Total 1.00%

Inter State supply of Service or goods not possible under the composit scheme 

 

Ok rate are final


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