GST Applicablity for new regitsered companies
This query is : Resolved
23 January 2020
I have a company which is registered in GST as on 11th Dec 19. Has annula turnover of less than 1.5 crore
Is it liable to submit gstr3b for Dec 19 and GSTR1 for Q3.
Also, it has NIL revenue till dec , and also since it has a business of exempted GST category , will it be eligible for ITC on purchases made for the exempted goods supply ,
Since it has NIL 3B for Dec 19, can we skip it . or we submit post due dtae i.e 20th Jan , will late fee be charged ?
Is it liable to submit gstr3b for Dec 19 and GSTR1 for Q3.
Also, it has NIL revenue till dec , and also since it has a business of exempted GST category , will it be eligible for ITC on purchases made for the exempted goods supply ,
Since it has NIL 3B for Dec 19, can we skip it . or we submit post due dtae i.e 20th Jan , will late fee be charged ?
23 January 2020
If your GSTIN stands registered in the month of Dec and dashboard is showing December then you have to file december 3B as nil along with applicable late fees of Rs 20 per day of default. ITC cannot be taken in case of exempt supply.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Supply through E-commerce Operators
- Sales return eway bill
- Relief u/s Section 89
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Agriculture income or business income
- Loan by Partnership Firm
- Suggestions required for income tax filing-software (FY 2025-26)
- REGARDING GST LIABILITY/....
- STCG FOR GOLD ETFs
- Is it compulsory to File 10E if Income including Pension Arrears is below 12 Lakh for the F Y 25 26
- Specified Profession
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
