Amendment status not verified — confirm the current text below against the official source.
(1) The liobility to poy tox on goods sholl orise ot the time of supply, os determined in occordonce with the provisions ofthis section. (2) The time of supply of goods sholl be the eorlier of the lollowing dotes, nomely:- (o) the dote oI issue of invoice by the supplier or the lost dote on which he is required, under sub-section (l) of section 31, to issue the invoice with respect to the supply; or (b) the dote on which the supplier receives the poyment with resped to the supply: Provided thot where the supplier oftcxoble goods receives on omount up to one thousond rupees in excess of the omount indicoted in the to,. inveice, the time of supply to tlrt, Time oI supply of goods t0E such conditions os moy be specif ied therein, goods or services or both of ony specified description from the whole or ony port of the tox levioble thereon wih effect from such dote os moy be specified in such notificotion. (2) Where the Govemment is sotisfied thot it is necessory in the public interest so to do, it moy, on the recommendotions of the Council, by speciol order in eoch cose, under circumstonces of on exceptionol noture to be stoted in such order, exemptfrom poyment of tox ony goods or services or both on which tox is levioble. (3) The Government moy, if it considers necessory or expedient so to do lor the purpose of clorifying the scope or opplicobility of ony notificotion issued under sub-section (1) or order issued under sub-section (2), insert on explonotion in such notiJicotion or order, os the cose moy be, by notificotion ot ony time within one yeor of issue oI the notificotion under sub-section (l) or order under sub-section (2), ond every such explonotion sholl hove etfea os i{ il hod olwoys been the port of the first such notificotion or order, os the cose moy be. (4) Any notificotion issued by the Centrol Government, on the recommendotions of the Council, under sub-sedion (l) of section ll or order issued under subsection (2) ofthe soid section 43 of l96l t07 Provided thot where more thon one registered person ore hoving the some Permonent Account Number (issued under the lncome-tox Act l96l), the registered person sholl not be eligible to opt for tre scheme under sub-section (1) unless oll such registered persons opt to poy tox under thot sutssection. The option ovoiled of by o registered person under sub- sedion (l ) sholl lopse with effed from the doy on which his oggregote turnover during o finonciol yeor exceeds the limit specified under sub-section (l ). A toxoble person to whom the provisions of sub-seaion (l ) opply sholl not collect ony tox from the recipient on supplies mode by him nor sholl he be entitled to ony credit oI input tox. l, the proper officer hos reosons to believe thot o toxoble person hos poid tox under sub-section (l) despite not being eligible, such person sholl, in oddition to ony tox thot moy be poyoble by him under ony other provisions of this Act, be lioble to o penolty ond the provisions of section 73 or sedion 74 sholl, mutotis mutondis, opply for determinotion oI tox ond penolty. Where the Govemment is sotisfied thot it is necessory in the public interest so to do, it moy, on the recommendotions of the Council, by notificotion, exempt generolly, either obsolutely or subiect to (3) (4) (s) ll.(l) Power to gront exemption from tox. 106 (c) holf W cent. of lhe turnover in Stote in cose of other suppliers, subject to such conditions ond restrictions os moy be prescribed: Provided thot the Government moy, by notificotion, increose tre soid limit of fifty lokh rupees to such higher omount, not exceeding one crore rupees, os moy be recom- mended by ttre Council. (2) The registered person sholl be eligible to opt under sub-section (1), if- (o) he is not engoged in the supply of services other thon supplies referred to in clouse (b) of porogroph 6 of Schedule ; (b) he is not engoged in moking ony supply of goods which ore not levioble to tox under this Ac! (c) he is not engoged in moking ony inter- Stote outword supplies of goods; (d) he is not engoged in moking ony supply of goods through on electronic commerce operotor who is required to collect tox ot source under sedion 52; ond (e) he is not o monufodurer of such goods os moy be notified by the Government on the recommendotions of the Council: 10, to such electronic commerce operotor os if he is the supplier lioble for poying the tox in relotion to the supply of such services: Provided *rot where on electonic commerce operotor does not hove o physicol presence in the toxoble territory ony person representing such electronic commerce operotor for ony purpose in the toxoble territory sholl be lioble to poy tox: Provided further thot where on electronic commerce operotor does not hove o physicol presence in the toxoble territory ond olso he does not hove o representotive in the soid territory, such electronic commerce operotor sholl oppoint o person in the toxoble territory for the purpose of poying tox ond such person sholl be lioble to poy tox.