can we file gst returns for the year 2018-19 with fresh registration, if his turnover is 20 lakhs.
Replies (5)
Quick Summary
This discussion addresses whether GST returns for the 2018-19 financial year can be filed with a fresh registration, particularly when the turnover exceeds £20 lakhs. It clarifies that if the threshold was crossed in January 2018, registration should have been obtained in FY 2017-18. Late registration and filing may incur an 18% interest charge. The query also touches upon composite dealer liability under RCM.
If turnover has crossed the threshold limit of 20lakhs in Jan 18 means registration to be obtained from January I. e in FY 2017-18 itself . if registration obtained later and retuns filed later means it would attract interest for the delayed filing at 18%