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of <h1>Uttarakhand Cuts Composition Scheme Tax Rate to 0.5% on Goods Turnover, Effective January 1, 2018, per GST Act.</h1> The Government of Uttarakhand has amended the tax rate under the composition scheme effective from January 1, 2018. The amendment, issued under the Uttarakhand Goods and Services Tax Act, 2017, changes the tax rate from 'one percent' to 'half percent' in clause (i) and specifies 'half percent of the turnover of taxable supplies of goods' in clause (iii). This decision, made in public interest and on the Council's recommendations, modifies previous notifications dated June 29, 2017, and November 23, 2017. The notification was authorized by the Principal Secretary of the Finance Section.
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