Tax rate for composition suppliers have been changed vide Notification No. 1/2018- Central Tax as follows.

  • Taxrate for manufacturer have been decreased from one percent to half percent.
  • For suppliers of goods other than manufacturers and those mentioned in clause (b) of paragraph 6 of Schedule II of CGST Act, the tax shall be payable at the rate of half percent of the turnover of taxable supplies of goods.

Read the complete notification below: