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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

Updated on:1st Jan, 2018
Notification No. 1/2018- Central Tax New Delhi, the 1st January, 2018 G.S.R.       (E).- In exercise of the powers conferred by sub-section (1) of section 10 of the Central Goods and Services Tax Act, 2017 (12 of 2017) the Central Government, on the recommendations of the Council, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No.8/2017- Central  Tax,  dated the 27th     June, 2017,  published in  the Gazette of  India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 647 (E), dated the 27th June, 2017, namely:-  In the said notification, in the opening paragraph, - (a)  in  clause (i),  for the words  “one per cent.”,  the words  “half  per cent.” shall  be substituted; (b)  in clause (iii), for the words “half per cent. of the turnover”, the words  “half per cent. of the turnover of taxable supplies of goods” shall be substituted. [F. No. 354/320/2017- TRU] (Ruchi Bisht) Under Secretary to Government of India  
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