Goods and Services Tax – Started By: – L D Raj & Co – Dated:- 29-12-2018 Last Replied Date:- 7-1-2019 – I'm wondering why Notification No. 1/2018- Central Tax not considered in the law yet on your portal…sec 10 for manufacturers still shows 1% whearas its changed to 0.5% back in Jan 18 – Reply By KASTURI SETHI – The Reply = It is 0.5 % per cent. of the turnover in State in case of a manufacturer and it is 0.5 % in Central GST in case of a manufacturer. It is 1 % in total (CGST : 0.5 % + SGST 0.5%). – Reply By L D Raj & Co – The Reply = currently it shows as 1% under CGST Act alone for Manufacturers. – Reply By Surender Gupta – The Reply = Section 10 prescribes the upper limit of tax which can be levied under composition scheme. Notif
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ing that in the Indirect Tax laws, statutory provisions must be read with related notifications and circulars. Without reading the two together, our interpretation of provisions my be wrong as happened in this case. Notification No. 1/2018- Central Tax nowhere states that provisions of section 10 shall be amended since the provision of an act can be amended by the parliament only and not by the government through the notifications. – Reply By KASTURI SETHI – The Reply = Sh.Surender Gupta Ji,. Yes, Sir. It is true and factual position. – Reply By KASTURI SETHI – The Reply = TMI posts each and every notification, case larw, circular immediately. This site is providing best services free of cost to the querists in Discussion Forum. It Is the d
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