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of <h1>Tamil Nadu GST Act 2017: Composition Tax Rates for Small Businesses Announced, Effective July 1, 2017.</h1> The notification issued by the Tamil Nadu government outlines the tax rates under the Composition Scheme as per the Tamil Nadu Goods and Services Tax Act, 2017. Eligible registered persons with an aggregate turnover not exceeding seventy-five lakh rupees in the previous financial year can opt to pay a composition tax. The rates are one percent for manufacturers, two and a half percent for certain suppliers, and half a percent for other suppliers. However, manufacturers of ice cream, pan masala, and tobacco products are excluded from this scheme. The notification is effective from July 1, 2017.
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