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Rule 7 of the CGST Rate, 2017 is amended through Notification No. 50/2020-Central Tax dated 24th June, 2020 in respect rate of composite tax payers. This new rate is effective from 1st April,2020.
| Section | Category of registered persons | Rate of tax | Remarks |
| Sub-section (1) & (2) of Section 10 | Manufacturers, other than manufacturers of such goods as may be notified by the Government | 0.5% of Turnover within the state | Rates remain same as existed earlier before issue of this Notification |
| Suppliers making supplies referred to in clause (b) of paragraph 6 of Schedule II | 2.5% of Turnover within the State | ||
| Any other supplier eligible for composition levy under sub-sections (1) and (2) of section 10 | 0.5% of Turnover of Taxable Supplies within the state | ||
| Sub-section (2A) of section 10 | Registered persons not eligible under the composition levy under subsections (1) and (2), but eligible to opt to pay tax under sub-section (2A), of section 10 | 3% of Turnover of Taxable Supplies within the state | New Insertion |
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