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<h1>India's GST Update: Small Businesses Must Pay Central Tax at Supply Time, Unless Opting for Composition Levy.</h1> The Government of India, under Notification No. 40/2017, mandates that registered persons with an aggregate turnover of less than 1.5 crore rupees in the preceding financial year, or those likely to have a turnover below this threshold in the current year, must pay central tax on outward goods supply at the time of supply. This applies unless they opt for the composition levy under section 10 of the Central Goods and Services Tax Act, 2017. Such persons must also furnish details and returns as per Chapter IX of the Act. This notification was later superseded by Notification No. 66/2017.