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|