updated Rule 7 of CGST Rules 2017 Archives - Tax Heal https://www.taxheal.com/tag/updated-rule-7-of-cgst-rules-2017 Complete Guide for Income Tax and GST in India Wed, 29 Apr 2020 06:35:56 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 Rule 7 CGST Rules 2017 : Rate of tax of the composition levy https://www.taxheal.com/rule-7-cgst-rules-2017.html https://www.taxheal.com/rule-7-cgst-rules-2017.html#respond Fri, 14 Jul 2017 06:09:32 +0000 http://taxheal.com/?p=38627 Rule 7 CGST Rules 2017 Summary of Rule 7 CGST Rules 2017 ( Rule 7 CGST Rules 2017 explains Rate of tax of the composition levy  and is covered in Chapter II   –  Composition Rules  : Inserted by the Central Goods and Services Tax Rules, 2017, w.e.f. 22.06.2017  and amended by Central Goods and Services Tax (Amendment) Rules, 2018) Rule 7 CGST… Read More »

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Summary of Rule 7 CGST Rules 2017

( Rule 7 CGST Rules 2017 explains Rate of tax of the composition levy  and is covered in Chapter II   –  Composition Rules  : Inserted by the Central Goods and Services Tax Rules, 2017, w.e.f. 22.06.2017  and amended by Central Goods and Services Tax (Amendment) Rules, 2018)

Rule 7 CGST Rules 2017

Rate of tax of the composition levy

7. 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) (2) (3)
1. Manufacturers, other than manufacturers of such goods as may be notified by the Government 1 [ 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 2 [ 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 the provisions of this Chapter 3 [ half per cent of the turnover of taxable supplies of 4 [ goods and services ] in the State or Union territory ]

Notes on Amendments in Rule 7 CGST Rules 2017

4. Substituted for “goods” by Central Goods and Services Tax (Amendment) Rules, 2019, w.e.f. 1-2-2019.

3. Substituted for “half per cent” by the Central Goods and Services Tax (Amendment) Rules, 2018, w.r.e.f. 1-1-2018.

2. Substituted for “two and a half per cent” by the Central Goods and Services Tax (Amendment) Rules, 2018, w.r.e.f. 1-1-2018.

1. Substituted for “one per cent” by the Central Goods and Services Tax (Amendment) Rules, 2018, w.r.e.f. 1-1-2018.

Rule 7 CGST Rules 2017

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