GST Update: Composition Scheme Traders to Pay 1% GST on Taxable Turnover of Goods Starting January 1, 2018.

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....Traders under composition scheme - Now requires to pay GST @1% (i.e. 0.5% CGST plus 0.5% SGST) on taxable turnover of goods only w.e.f. 1.1.2018 - See notification as amended.....