Central Goods and Services Tax (Seventh Amendment) Rules, 2020
Effective Date: April 1, 2020.
Purpose: Amendment to the Central Goods and Services Tax Rules, 2017.
Rule Changes:
Rule 7 amended to update composition levy rates.
Composition Levy Rates:
Manufacturers (except notified ones): 0.5% of turnover.
Suppliers per Schedule II(b): 2.5% of turnover.
Other eligible suppliers: 0.5% of turnover.
Registered persons under sub-section (2A): 3% of turnover.
Issued By: Pramod Kumar, Director, Government of India.
Principal Rules: Published in Gazette of India, June 19, 2017, last amended June 19, 2020.