Govt. reduces manufacturer's composition rate to 1%; No 'exempt supplies' in trader's turnover

Central Govt. reduces composition GST rate for manufacturers to 1% of turnover; In case of ‘other suppliers’ (such as traders) availing composition scheme, turnover for tax computation shall exclude exempt supplies; Consequently, amends Notification No. 8/2017-Central Tax & Notification No. 2/2017-Union Territory : Finance Ministry Notifications...