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 https://www.taxtmi.com/notifications?id=123361 Amendment alters two clauses of the principal notification governing the composition scheme: it reduces the stated rate for a specified category of taxpayers and narrows the computation base for another category by substituting "turnover" with "turnover of taxable supplies of goods", thus confining liability calculation to taxable goods supplies. en-us Mon, 01 Jan 2018 00:00:00 +0530 Tue, 02 Jan 2018 10:01:00 +0530 TaxTMI RSS Generator 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 https://www.taxtmi.com/notifications?id=123361 Amendment alters two clauses of the principal notification governing the composition scheme: it reduces the stated rate for a specified category of taxpayers and narrows the computation base for another category by substituting "turnover" with "turnover of taxable supplies of goods", thus confining liability calculation to taxable goods supplies. Notifications GST Mon, 01 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/notifications?id=123361