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Query on Registration

14 August 2017

A partnership firm was formed in the month of July 2017. It has not obtained GST registration till now.
The firm got its first contract of interior furnishing of Rs. 1.03 Crore.
The customer has issued a cheque of Rs. 10 lakh as advance on 29th July 2017. The same will be deposited by the firm by 16th August 2017.
Next cheque of Rs. 30 lakh will be issued on 18th August 2017 and will be deposited on the same day.

Now my doubt is, on which date the firm is liable for registration under GST?

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6 Replies

Abhinav Johari (12 Points)
Replied 14 August 2017

Dear Sir,
I am facing problem in GST practitioner registration. Validation Error.
How to remove it? PAN and Aadhar Name is Same.
kindly guide me.

Thanks
Abhinav Johari

RAMESH D MODI (Proprietor) (4864 Points)
Replied 14 August 2017

18th August....as per me
from which u will have to gst also on advance

RAMESH D MODI (Proprietor) (4864 Points)
Replied 14 August 2017

to pay gst**

Ahmed Ali (388 Points)
Replied 14 August 2017

That means can I make payments to unregistered dealers before 18th July without attracting reverse charge liability?

CA Akhilesh Kumar Kandpal (Proprietor A K Kandpal & Associates) (1442 Points)
Replied 15 August 2017

yes....you can...but it is not going to result in any tax savings to you.....as tax paid on reverse charge is allowed as credit...

Ahmed Ali (388 Points)
Replied 15 August 2017

Yes, I understand that thing. But in my case my profit element is going to govt as reverse charge and in subsequent months I don't have any output GST liability to adjust the excess credit in subsequent months. That is the reason I was avoiding reverse charge.