Payemnt of tax at the time of issuance of invoice by small taxpayers on the outward supply of Goods whose aggregate turnover did not exceed one crore fifty lakh rupees in the preceding Financial year. - 29807-FIN-CT1-TAX-0043/2017-S.R.O. No. 481/2017 - Orissa SGST

FINANCE DEPARTMENT NOTIFICATION The 13th October, 2017 S.R.O. No. 481/2017 - In exercise of the powers conferred by Section 148 of the Odisha Goods and Services Tax Act, 2017 (Odisha Act of 2017) (hereafter in this notification referred to as the said Act ), the State Government, on the recommendations of the Goods and Services Tax Council, do hereby notify the registered persons whose aggregate turnover in the preceding financial year did not exceed one crore and fifty lakh rupees or the registered person whose aggregate turnover in the year in which such person has obtained registration is likely to be less than one crore and fifty lakh rupees and who did not opt for the composition levy under section 10 of the said Act as the class of persons who shall pay the State tax on the outward supply of goods at the time of supply as specified in clause (a) of sub-section (2) of Section 12 of the said Act including in the situations attracting the provisions of Section 14 of the said Act, and shall accordingly furnish 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 registered persons shall be such as specified in the said Act. [No.29807 FIN-CT1-TAX-0043/2017/FIN.] By Order of the Governor S. ROUT Deputy Secretary to Government