Notification No. 50/2020-Central Tax [N10-PTR]

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. Section under which Category of registered Rate of tax No. composition levy is opted persons

(1) (1A) (2) (3)

1. Sub-sections (1) and (2) of Manufacturers, other than half per cent. of the section 10 manufacturers of such turnover in the State goods as may be notified by or Union territory the Government

2. Sub-sections (1) and (2) of Suppliers making supplies two and a half per section 10 referred to in clause (b) of cent. of the turnover paragraph 6 of Schedule II in the State or Union territory

3. Sub-sections (1) and (2) of Any other supplier eligible half per cent. of the section 10 for composition levy under turnover of taxable sub-sections (1) and (2) of supplies of goods section 10 and services in the State or Union territory

4. Sub-section (2A) of section Registered persons not three per cent. of the 10 eligible under the turnover of taxable composition levy under sub- supplies of goods sections (1) and (2), but and services in the eligible to opt to pay tax State or Union under sub-section (2A), of territory.’’. section 10