Change in rate of tax for manufacturers under the composition scheme.
The rate of tax applicable to the traders and manufacturers under the composition scheme was different whereby, the traders were paying @ of 1% and the manufacturers were paying @ of 2%, of the turnover in the State. Thereby, a composition taxable person was required to pay GST on the value of exempt supplies as well.
However, in the 23rd GST Council meet held during Nov ’17, it was decided that a...
Read moreDue date extended further, for filing Form ITC-01 in respect of period from Jul ’17 to Nov ‘17.
The Form ITC-10 is required to be filed to claim the credit in special circumstances listed u/s 18(1) of the Act, with respect to eligible inputs in stock. The due date in this respect is under the law is within 30 days of being eligible to claim the credit.
The said due date was extended to 31st Oct ’17 vide Notification 44/2017 CGST dated
13.10.2017 and...
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