Notification no 01/2018 Central Tax date on 01st January, 2018, GST
Central Tax seeks to further amend notification No. 8/2017 - Central Tax so as to prescribe effective rate of tax under composition scheme for manufacturers and other suppliers.
The extract of GST Notification No. 01/2018- Central Tax is given below:
Notification No. 01/2018- Central Tax, GST
Central Tax seeks to further amend notification No. 8/2017 - Central Tax so as to prescribe effective rate of tax under composition scheme for manufacturers and other suppliers.
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY PART II, SECTION 3, SUB-SECTION (i)]
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(Department of Revenue)
Notification No. 1/2018- Central Tax
New Delhi, the 1st January, 2018
G.S.R. (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]
(Ruchi Bisht)
Under Secretary to Government of India
Note: - The principal notification 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 and last amended by Notification No. 46/2017-Central Tax, dated 13th October, 2017 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number GSR 1287 (E), dated the 13th October, 2017.
Learn Exports Imports Free, Click here
Click here to know GST rate of your goods or service
GST exemption list of goods and service
Find HSN number or Service tariff code for GST
GST registration guidelines
Indian GST Laws
How to export your product?
How to import your product?
Click here to know HS code of your product
What are the risks and solutions in Export Business?
Section 90 Liability of partners of firm to pay tax, CGST Act, 2017
Liability of agent and principal, Sec 86 of CGST Act, 2017
Provisional attachment to protect revenue in certain cases, Sec 83 of CGST Act, 2017
Recovery of tax, Section 79 of CGST Act, 2017
Reduced GST rate on Vacuum cleaners
Minimized GST rate on Lithium-ion batteries
Revised GST rate on Washing machines
Meaning of SGST Credit for payment of IGST
Single registration under GST
What is Single Business vertical under GST
What is Sin or De-Merit Goods under GST
What is Show cause notice under GST
What is SGST Law under GST
Difference between Purchase Order and Pro forma Invoice
What is Clean on board Bill of Lading
Know the term Port of Discharge and Place of Delivery
Excise and Customs - Click here to read complete notification under Budget 2014
How to get Export Orders?
How to settle dispute in Exports and Imports?
How to export from Tonga?
How to export from Seychelles?
How to Import to Seychelles?
Meaning of principal place of business
Term Personal Ledger Account (PLA) under Indian Tax