Notification No.: 66/2017 – Central Tax
Date of Notification: 15th November 2017
Relevant Sections and Rules:
- Central GST Act, 2017:
- Section 12(2)(a): Time of supply of goods
- Section 14: Change in rate of tax
- Section 148: Special procedure for certain registered persons
- Chapter IX: Returns
- Supersedes: Notification No. 40/2017 – Central Tax dated 13th October 2017
- Integrated GST Act: Not applicable
Summary of Notification
The Central Government, under powers conferred by Section 148 of the CGST Act, notifies that registered persons who have not opted for the composition scheme under Section 10 shall follow a special procedure for payment of tax.
Such taxpayers must pay central tax on the outward supply of goods at the time of supply, as defined in Section 12(2)(a), which is the earlier of the date of invoice or receipt of payment. This provision also applies in cases covered by Section 14, i.e., changes in the rate of tax.
These taxpayers are also required to furnish returns as per the provisions of Chapter IX of the CGST Act and the corresponding rules, and to pay tax within the period prescribed under the Act.
This notification supersedes Notification No. 40/2017 – Central Tax dated 13th October 2017, except for actions already undertaken under it.
