https://www.taxtmi.com/forum/issue?id=114443 Composition scheme tax for manufacturers is governed by notifications prescribing the effective levy components; Notification No.1/2018-Central Tax fixes the central component at 0.5% of turnover in the State while the State component is 0.5%, whereas Section 10 of the statute prescribes the statutory upper limit and cannot be amended by notification. Correct application requires reading statutory provisions together with notifications and circulars, and portals must update displays to reflect effective notification-based rates. en-us Sat, 29 Dec 2018 22:13:01 +0530 Thu, 23 Jan 2025 15:55:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=114443 Composition scheme tax for manufacturers is governed by notifications prescribing the effective levy components; Notification No.1/2018-Central Tax fixes the central component at 0.5% of turnover in the State while the State component is 0.5%, whereas Section 10 of the statute prescribes the statutory upper limit and cannot be amended by notification. Correct application requires reading statutory provisions together with notifications and circulars, and portals must update displays to reflect effective notification-based rates. Discussion-Forum GST Sat, 29 Dec 2018 22:13:01 +0530 https://www.taxtmi.com/forum/issue?id=114443