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,
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Sl. No.
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Section under which composition levy is opted
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Category of registered persons
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Rate of tax
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1
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Sub-sections (1) and (2) of section 10
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Manufacturers, other than manufacturers of such goods as may be notified by the Government
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half per cent. of the turnover in the State or Union territory
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2
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Sub-sections (1) and (2) of section 10
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Suppliers making supplies referred to in clause (b) of paragraph 6 of Schedule II
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two and a half per cent. of the turnover in the State or Union territory
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3
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Sub-sections (1) and (2) of section 10
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Any other supplier eligible for composition levy under sub-sections (1) and (2) of section 10
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half per cent. of the turnover of taxable supplies of goods and services in the State or Union territory
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4
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Sub-section (2A) of section 10
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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
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three per cent. of the turnover of taxable supplies of goods and services in the State or Union territory.’’.
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Members may kindly make a note of the above.
Thanking you,
Yours faithfully,
S.BALARAJU
EXECUTIVE DIRECTOR
