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of <h1>CGST Seventh Amendment 2020: New Tax Rates for Composition Levy Effective April 1. Check Section 10 for Details.</h1> The Central Goods and Services Tax (Seventh Amendment) Rules, 2020, effective from April 1, 2020, amends the CGST Rules, 2017. The amendment revises the tax rates under the composition levy for various categories of registered persons. Manufacturers, excluding certain notified goods, are subject to a tax rate of 0.5% of turnover. Suppliers making specific supplies are taxed at 2.5%, while other eligible suppliers under section 10 are taxed at 0.5% of taxable turnover. Registered persons eligible under section 10(2A) but not under sections 10(1) and 10(2) are taxed at 3% of their turnover in goods and services.
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