I'm wondering why Notification No. 1/2018- Central Tax not considered in the law yet on your portal...sec 10 for manufacturers still shows 1% whearas its changed to 0.5% back in Jan 18
Composition scheme not updated yet on the portal
LAKSHMINARAYANAN TR
Discussion Highlights GST Rate Discrepancy for Manufacturers Under Composition Scheme; Clarifies Effective Rate as 0.5% per CGST Act. A discussion on a forum addresses the discrepancy in the Goods and Services Tax (GST) rates for manufacturers under the composition scheme. A user notes that the portal still reflects a 1% rate under the CGST Act, despite Notification No. 1/2018-Central Tax indicating a change to 0.5% as of January 2018. Respondents clarify that the effective rate is 0.5% for both State and Central GST, totaling 1%. They emphasize the importance of reading statutory provisions alongside related notifications and acknowledge occasional errors in updating information. The forum is praised for promptly posting notifications and providing free services. (AI Summary)