CGST Notification no. 40/2017 – Payment of tax on issuance of invoice by registered persons having aggregate turnover less than Rs 1.5 crores

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Seeks to make payment of tax on issuance of invoice by registered persons having aggregate turnover less than Rs 1.5 crores

[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section(i)]

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 andServices Tax Act, 2017 (12 of 2017) (hereafter in this notification referred to as the saidAct), the Central Government, on the recommendations of the Council, hereby notifies theregistered person whose aggregate turnover in the preceding financial year did not exceedone crore and fifty lakh rupees or the registered person whose aggregate turnover in the yearin which such person has obtained registration is likely to be less than one crore and fifty lakhrupees and who did not opt for the composition levy under section 10 of the said Act as theclass of persons who shall pay the central tax on the outward supply of goods at the time ofsupply as specified in clause (a) of sub-section (2) of section 12 of the said Act including inthe situations attracting the provisions of section 14 of the said Act, and shall accordinglyfurnish 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 registeredpersons shall be such as specified in the said Act.

[F. No. 349/74/2017-GST (Pt.)]

(Dr.Sreeparvathy S.L.)
Under Secretary to the Government of India

Due date for GSTR 4 extended to 15.11.17 Notification no. 41/2017