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According to Rule 7 of Central Goods and Service Tax Act, 2017 as passed by Lok Sabha :

  1. 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

one per cent.

2.

Suppliers making supplies referred to in clause (b) of paragraph 6 of Schedule II

two and a half per cent.

3.

Any other supplier eligible for composition levy under section 10 and the provisions of this Chapter

half per cent.

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CA Maninder Singh

CA Maninder Singh is a Chartered Accountant for the past 12 years. He also provides Accounts Tax GST Training in Delhi, Kerala and online.