Traders under composition levy taxed at 1% on taxable turnover, excluding non-taxable supplies per amended Rule 7, CGST Rules.

Traders under composition levy taxed at 1% on taxable turnover, excluding non-taxable supplies per amended Rule 7, CGST Rules. https://www.taxtmi.com/highlights?id=37717 Rate of tax of the composition levy - Traders - Rate of tax shall be 0.5% (CGST) + 0.5% (SGST) = 1% on the taxable turnover only [non-taxable supplies to be excluded w.e.f. 1.1.208 from the turnover] - Rule 7 of the CGST Rules, 2017 as amended. en-us Wed, 24 Jan 2018 15:00:52 +0530 Wed, 24 Jan 2018 15:15:03 +0530 TaxTMI RSS Generator Traders under composition levy taxed at 1% on taxable turnover, excluding non-taxable supplies per amended Rule 7, CGST Rules. https://www.taxtmi.com/highlights?id=37717 Rate of tax of the composition levy - Traders - Rate of tax shall be 0.5% (CGST) + 0.5% (SGST) = 1% on the taxable turnover only [non-taxable supplies to be excluded w.e.f. 1.1.208 from the turnover] - Rule 7 of the CGST Rules, 2017 as amended. Highlights GST Wed, 24 Jan 2018 15:00:52 +0530 https://www.taxtmi.com/highlights?id=37717