Rule 7 of ‘Central Goods and Services Tax (CGST) Rules 2017’: Rate of Tax under Composition Levy
Provisions under Rule 7 of the Central Goods and Services Tax (CGST) Rules, 2017 relating to “Tax Rate under Composition Levy”, are as under:
CGST Rule 7: Rate of tax of the Composition Levy (Chapter-II: Composition Rules)
The category of registered persons, eligible for composition levy under section 10 and the provisions of this Chapter, specified in column (2) of the Table below shall pay tax under section 10 at the rate specified in column (3) of the said Table:-
|Sl. No.||Category of registered persons||Rate of tax|
|1||Manufacturers, other than manufacturers of such goods as may be notified by the Government||half per cent of the turnover in the State or Union territory|
|2||Suppliers making supplies referred to in clause (b) of paragraph 6 of Schedule II||two and a half per cent of the turnover in the State or Union territory|
|3||Any other supplier eligible for composition levy under section 10 and these rules||half per cent of the turnover of taxable supplies of goods in the State or Union territory|
Above information is based on CBEC’s compilation of Updated CGST Rules, 2017 as on 23 Mar. 2018 (i.e. as notified/ amended upto 23 Mar. 2018 by the CBEC). For detailed information/ subsequent updates, please refer relevant Notifications.
It may be noted that Rules 1 to 26 (pertaining to Chapters on Preliminary/ Composition/ Registration matters) were notified by CBEC vide Central Goods and Services Tax (CGST) Rules, 2017 Notification No. 3/2017 Central Tax dt. 19 June 2017, applicable w.e.f. 22 June 2017.