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Tax Rate for Manufacturers Cut to 1% Under Amended Rule 7 of CGST Rules, 2017 Effective Jan 1, 2018.

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....Rate of tax of the composition levy - Manufacturers - Rate of tax shall be 0.5% (CGST) + 0.5% (SGST) = 1% on the turnover including non taxable supplies w.e.f. 1.1.2018 [earlier it was 2%] - Rule 7 of the CGST Rules, 2017 as amended.....

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