Government through notification no 1/2018 – Central dated 1 January 2018 has made following changes in payment of GST at composite rate:

1)      GST composite rate for manufacturer reduced from 2% to 1%

2)      GST at composite rate would be applicable only to taxable supplies instead of total supplies in case of a trader who has opted for composition scheme.

Composition Dealer need to keep proper records to get the details of taxable as well as exempt supply.