Rule 7 of CGST rules as amended. The new tax rate list is inserted into rules. Let us have a look at it.
Type of Taxpayer | Tax rate |
Manufacturers, other than manufacturers of such goods as may be notified by the Government |
half percent. of the turnover in the State or Union territory |
Suppliers making supplies referred to in clause (b) of paragraph 6 of Schedule II |
two and a half percent. of the turnover in the State or Union territory |
Any other supplier eligible for composition levy under sub- sections (1) and (2) of section 10 |
half percent. of the turnover of taxable supplies of goods and services in the State or Union territory |
Registered 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 10 |
three percent. of the turnover of taxable supplies of goods and services in the State or Union territory. |
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