GST on receipt of advance - payment of tax to be made on issuance of invoice by registered persons having aggregate turnover less than ₹ 1.5 crores - 40/2017 - Central GST (CGST)
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GST on advances requires registered persons below the turnover threshold to pay central tax at time of supply. Notification 40/2017 requires registered persons whose aggregate turnover does not exceed the statutory threshold and who have not opted for composition to pay central tax on outward supplies at the time of supply, including supplies subject to special time-of-supply rules, and to furnish details and returns as prescribed in Chapter IX with payment periods as specified in the Act.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
GST on advances requires registered persons below the turnover threshold to pay central tax at time of supply.
Notification 40/2017 requires registered persons whose aggregate turnover does not exceed the statutory threshold and who have not opted for composition to pay central tax on outward supplies at the time of supply, including supplies subject to special time-of-supply rules, and to furnish details and returns as prescribed in Chapter IX with payment periods as specified in the Act.
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