GST Rate for Manufacturers also 1% in Composition Scheme

Last updated at April 16, 2024 by

Government has changed GST Rates for Manufacturers from 2% to 1% vide Notification 1/2018

Hence, now GST Rates are similar for Traders and Manufacturers

Summary of Rates

Type of Business

TILL 31 DEC 2017

FROM 1 JAN 2018

Trader

1%

1%

Manufacturer

2%

2%  1%

Restaurant

5%

5%

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CA Maninder Singh

CA Maninder Singh is a Chartered Accountant for the past 14 years. He also provides Accounts Tax GST Training in Delhi, Kerala and online.