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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