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of <h1>Kerala amends GST composition scheme: Tax rate for manufacturers and traders reduced from 1% to 0.5% for uniformity.</h1> The Government of Kerala, following the Goods and Services Tax Council's recommendations, has amended the tax rate under the composition scheme for manufacturers and traders. The amendment modifies the previous notification issued on June 30, 2017. Specifically, the tax rate in clause (i) is reduced from one percent to half percent, and in clause (iii), it specifies that the half percent tax applies to the turnover of taxable supplies of goods. This change aims to establish a uniform tax rate under the composition scheme.
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