Notification No. 40/2017
Date: October 13, 2017
Subject: Notification of class of persons for payment of tax on outward supply of goods at time of supply
Description:
This notification specifies registered persons having aggregate turnover up to ₹1.5 crore (and not opting for composition) as a class of persons who shall pay GST on outward supply of goods at the time of supply, and not at the time of receipt of advance. It provides relief from advance tax liability on goods and is issued under section 148 of the CGST Act.