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GST Late Registeration

10 April 2021

What happens if an unregistered person, to whom limit of 20 lakh applies, has crossed the turnover of 40 lakhs and now applies for registration , however due to some reasons the registration is denied by department and finally when registration is approved the turnover has crossed 61 lakh.

What penalty would such a situation attract?

Thank you

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6 Replies

Mujeeb Doi (309 Points)
Replied 10 April 2021

If the denial of registration was not due to negligence of the registered person, then the department cannot impose any penalty. However, you need to raise revised invoices for 21 lakhs rupees (61-40) when the GSTIN is alloted

Priya Bhootra (5 Points)
Replied 10 April 2021

Thank you so much ...

But what about the gap of 20 lakh

Priya Bhootra (5 Points)
Replied 10 April 2021

Originally posted by : Mujeeb Doi
	If the denial of registration was not due to negligence of the registered person, then the department cannot impose any penalty. However, you need to raise revised invoices for 21 lakhs rupees (61-40) when the GSTIN is alloted

What about the 20 lakh difference

Mujeeb Doi (309 Points)
Replied 10 April 2021

Umm, sorry if the registration limit applicable is 20 lakhs then the revised invoice needs to be issued for 41 lakhs (61-20)

CA. Sourav Sarkar (Chartered Accountant ) (24578 Points)
Replied 10 April 2021

Penalty may be attracted as Registration is made after turnover exceeded 20 lakhs rupees.
Penalty for Not Registering under GST
According to the section 122 of CGST Act, any taxable person who fails to register under GST even if he/she is legally bound as per the GST Act needs to pay the following amount of penalty: 10,000 INR or amount of tax evaded whichever is higher.

Ankit Neema (2742 Points)
Replied 10 April 2021

Every registered person who has been granted registration with effect from a date earlier than the date of issuance of certificate of registration to him, may issue revised invoice in respect of taxable supplies effected during the period starting from the effective date of registration till the date of issuance of certificate of registration.