Seeks to make seventh amendment (2020) to CGST Rules

Circular No. ES/215/2020-21                                                         26th June, 2020   

 

To : Members of the Council

  

Sub.: Seeks to make seventh amendment (2020) to CGST Rules

 

Dear Member,

 

CBIC has issued Notification No. 50/2020-Central Tax dated 24th June, 2020 by amending the Central Goods and Services Tax Rules, 2017. These rules may be called the Central Goods and Services Tax (Seventh Amendment) Rules, 2020 and shall come into force w.e.f. 1st April, 2020.

 

In the Central Goods and Services Tax Rules, 2017, in rule 7, for the Table, the following Table shall be substituted,

 

Sl. No.

Section under which composition levy is opted

Category of registered persons

Rate of tax

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 subsections (1) and (2), but eligible to opt to pay tax under sub-section (2A), of section 10

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

 

Members may kindly make a note of the above.

  

Thanking you,

 

Yours faithfully,

 

S.BALARAJU

EXECUTIVE DIRECTOR  

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