| Date: |
13-10-2017
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| Notification No: |
Notification No. 40/2017-Central Tax
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| Issuing Authority: |
GST
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| Type: |
Central Tax Notifications
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| File No: |
F. No. 349/74/2017-GST (Pt.) |
| Subject: |
Seeks to make payment of tax on issuance of invoice by registered persons having aggregate turnover less than Rs 1.5 crores
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Government of India
Ministry of Finance
Department of Revenue
Central Board of Excise and Customs
Notification No. 40/2017 – Central
Tax
New Delhi, the 13th October, 2017
G.S.R….(E).- In exercise of the powers conferred by section 148 of the
Central Goods and Services Tax Act, 2017 (12 of 2017) (hereafter in this
notification referred to as the ‘said Act’), the Central Government, on the
recommendations of the Council, hereby notifies the registered person whose
aggregate turnover in the preceding financial year did not exceed one crore and
fifty lakh rupees or the registered person whose aggregate turnover in the year
in which such person has obtained registration is likely to be less than one
crore and fifty lakh rupees and who did not opt for the composition levy under
section 10 of the said Act as the class of persons who shall pay the central tax
on the outward supply of goods at the time of supply as specified in clause (a)
of sub-section (2) of section 12 of the said Act including in the situations
attracting the provisions of section 14 of the said Act, and shall accordingly
furnish the details and returns as mentioned in Chapter IX of the said Act and
the rules made thereunder and the period prescribed for the payment of tax by
such class of registered persons shall be such as specified in the said Act.
(Dr.Sreeparvathy S.L.)
Under Secretary to the Government of India
[F.
No. 349/74/2017-GST (Pt.)]
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