CGST (7th Amendment) Rules, 2020 notified by CBIC

CBIC notifies the CGST (7th Amendment) Rules, 2020, applicable w.e.f. 01/04/2020 to substitute the table of composition tax rates.

CBIC Central Tax Notification 50/2020 dt. 24/06/2020: CGST (7th Amendment) Rules, 2020 (Corrigendum)

G.S.R 403(E).- 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 01/04/2020.

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. No.Section under which composition levy is optedCategory of registered personsRate of tax
(1)(1A)(2)(3)
1.Sub-sections (1) and (2) of section 10Manufacturers, other than manufacturers of such goods as may be notified by the Governmenthalf per cent. of the turnover in the State or Union territory
2.Sub-sections (1) and (2) of section 10Suppliers making supplies referred to in clause (b) of paragraph 6 of Schedule IItwo and a half per cent. of the turnover in the State or Union territory
3.Sub-sections (1) and (2) of section 10Any other supplier eligible for composition levy under sub-sections (1) and (2) of section 10half per cent. of the turnover of taxable* turnover of supplies of goods and services in the State or Union territory
4.Sub-section (2A) of section 10Registered persons not eligible under the composition levy under sub-sections (1) and (2), but eligible to opt to pay tax under sub-section (2A), of section 10three per cent. of the turnover of taxable* turnover of supplies of goods and services in the State or Union territory.

Note: The principal rules were published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide notification No. 3/2017 Central Tax, dated 19/06/2017, published vide number G.S.R. 610(E), dated 19/06/2017 and last amended vide notification No. 48/2020 Central Tax, dated 19/06/2020 published vide number G.S.R. 394(E), dated 19/06/2020.

* The words ‘turnover of taxable’ substituted with the words ‘turnover of’ vide Corrigendum dt. 25/06/2020.

CGST (8th Amendment) Rules, 2020 notified by CBIC

CBIC Updates (GST)
GST Circulars, Notifications, Press Releases, Orders, etc. issued by the Central Board of Indirect Taxes & Customs (CBIC) in different years, along with Section-wise/ Rule-wise Text of GST Acts/ Rules:
CGST: CGST Act/ Definitions, CGST Rules
IGST: IGST Act/ Definitions, IGST Rules
UTGST: UTGST Act/ Definitions, UTGST Rules
CBIC Circulars (CGST/ IGST/ UTGST): 2021, 2020, 2019, 2018, 2017
CBIC Central Tax (CGST) Notifications: 2021, 2020, 2019, 2018, 2017
CBIC Central Tax Rate (CGST Rate) Notifications: 2020, 2019, 2018, 2017
CBIC Integrated Tax (IGST) Notifications: 2020, 2019, 2018, 2017
CBIC Integrated Tax Rate (IGST Rate) Notifications: 2020, 2019, 2018, 2017
CBIC UT Tax (UTGST) Notifications: 2020, 2019, 2018, 2017
CBIC UT Tax Rate (UTGST Rate) Notifications: 2020, 2019, 2018, 2017
CBIC Compensation Cess Notifications: 2020, 2019, 2018, 2017
CBIC Compensation Cess Rate Notifications: 2020, 2019, 2018, 2017
CBIC Orders (CGST/ IGST/ UTGST): 2020, 2019, 2018, 2017
CBIC Press Releases: 2020, 2019, 2018, 2017
Note: For Official/ updated copy, please visit the CBIC website.

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