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The Central Government amends notification No. 8/2017- Central Tax to change the composition scheme tax rate for manufacturers and other suppliers. The government changes the rate in clause (i) from one per cent to half per cent. The government also changes the rate base in clause (iii) to half per cent of the turnover of taxable supplies of goods.
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[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY PART II, SECTION 3, SUB-SECTION (i)]
GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue)
Notification No. 1/2018- Central Tax
New Delhi, the $1^{\text{st}}$ 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 $27^{\text{th}}$ 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 $27^{\text{th}}$ June, 2017, namely:-
In the said notification, in the opening paragraph, -
[F. No. 354/320/2017- TRU]
(Ruchi Bisht) Under Secretary to Government of India
Note: - The principal notification No.8/2017-Central Tax, dated the $27^{\text{th}}$ 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 $27^{\text{th}}$ June, 2017 and last amended by Notification No. 46/2017-Central Tax, dated $13^{\text{th}}$ October, 2017 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number GSR 1287 (E), dated the $13^{\text{th}}$ October, 2017.
