Section 40 of CGST Act 2017: Furnishing First Return
Provisions under Section 40 of the Central Goods and Services Tax (CGST) Act, 2017 relating to “Furnishing First Return”, are as under:
Section 40 of CGST Act 2017: Furnishing First Return (CHAPTER IX – RETURNS)
Every registered person who has made outward supplies in the period between the date on which he became liable to registration till the date on which registration has been granted shall declare the same in the first return furnished by him after grant of registration.
The Central Goods and Services Tax (CGST) Act, 2017 was notified by Govt. on 12 April, 2017 and CBIC has notified the commencement date for various Sections/ Provisions thereof from time to time. Subsequently, Govt. has notified the Central Goods and Services Tax (CGST) (Amendment) Act, 2018 on 30 Aug. 2018. However, commencement date of amended provisions of various Sections is to be separately notified by CBIC, except where specifically mentioned in the CGST Amendment Act, 2018 itself.