No. 50/2020–Central Tax, (CGST Notification)

G.S.R. 403 (E). - In exercise of the powers conferred by section 164 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on the recommendations of the Council, hereby makes the following rules further to amend the Central Goods and Services Tax Rules, 2017, namely:-

1. (1) These rules may be called the Central Goods and Services Tax (Seventh Amendment) Rules, 2020.

     (2) They shall come into force with effect from the 01st day of April, 2020.

2. In the Central Goods and Services Tax Rules, 2017, in rule 7, for the Table, the following Table shall be substituted, namely:-

“Table

Sl. No.

Section under which composition levy is opted

Category of registered persons

Rate of tax

(1)

(1A)

(2)

(3)

1.

Sub-sections (1) and (2) of section 10

Manufacturers, other than manufacturers of such goods as may be notified by the Government

half per cent. of the turnover in the State or Union territory

2.

Sub-sections (1) and (2) of section 10

Suppliers making supplies referred to in clause (b) of paragraph 6 of Schedule II

two and a half per cent. of the turnover in the State or Union territory

3.

Sub-sections (1) and (2) of section 10

Any other supplier eligible for composition levy under sub-sections (1) and (2) of section 10

half per cent. of the turnover of taxable supplies of goods and services in the State or Union territory

4.

Sub-section (2A) of section 10

Registered persons not eligible under the composition levy under sub-sections (1) and (2), but eligible to opt to pay tax under sub-section (2A), of section 10

three per cent. of the 1[turnover of] supplies of goods and services in the State or Union territory.’’.

[F. No. CBEC-20/06/09/2019-GST]

(Pramod Kumar)

Director, Government of India

Note: The principal rules were published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide notification No. 3/2017-Central Tax, dated the 19th June, 2017, published vide number G.S.R. 610(E), dated the 19th June, 2017 and last amended vide notification No. 48/2020 - Central Tax, dated the 19th June, 2020 published vide number G.S.R. 394 (E), dated the 19th June, 2020.

NOTES:-

1. Corrected vide CORRIGENDUM NO. G.S.R. 412(E) dated 25-06-2020 before it was read as "turnover of taxable"