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.