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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 | Section under which composition levy is opted | Category of registered persons | Rate of tax |
(1) | (1A) | (2 ) | (3) |
1. | Sub-sections (1) and (2) of section 10 | 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. | Sub-sections (1) and (2) of section 10 | 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. | Sub-sections (1) and (2) of section 10 | Any other supplier eligible for composition levy under sub-sections (1) and (2) of section 10 | half per cent. of the turnover of taxable supplies of goods and services in the State or Union territory |
4. | Sub-section (2A) of section 10 | Registered persons not eligible under the composition levy under subsections (1) and (2), but eligible to opt to pay tax under sub-section (2A), of section 10 | three per cent. of the turnover of supplies of goods and services in the State or Union territory. |
Notes: 1. Subsituted by Notification No. 3/2018 –Central Tax issued dated 23th January, 2018 (a) in Sl. No. 1, in column number (3), for the words “one per cent.”, the words “half per cent. of the turnover in the State or Union territory” shall be substituted; 2. Subsituted by Notification No. 3/2018 –Central Tax issued dated 23th January, 2018 (b) in Sl. No. 2, in column number (3), for the words “two and a half per cent.”, the words “two and a half per cent. of the turnover in the State or Union territory” shall be substituted; 3. Subsituted by Notification No. 3/2018 –Central Tax issued dated 23th January, 2018 (c) in Sl. No. 3, in column number (3), for the words “half per cent.”, the words “half per cent. of the turnover of taxable supplies of goods in the State or Union territory” shall be substituted; 4. Subsitituted by Notification No. 03/2019 – Central Tax dated 29th January, 2019 In the table against serial number (3), in column (3), half per cent. of the turnover of taxable supplies of goods in the State or Union territory The following word shall be subsitituted namely; half per cent. of the turnover of taxable supplies of goods and services in the State or Union territory 5. Substituted by Notification No 50/2020 by Central Tax dated 24.06.2020 Following table is substituted
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 | 1half 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 | 2two 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 | 3half per cent. of the turnover of taxable supplies of 4(goods and services in the State or Union territory) |
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