GST registration threshold limit increase

Dear Team Pls advice that my threshold limit has increased in 3Qtr of fy 23-24 and i want to apply registration in composition scheme
can I apply from Jan onward and what treatment will be for turnover before Jan 24. kindly suggest the process and what liability and penalty will be there.
Replies (5)
Quick Summary
This discussion addresses the implications of exceeding the GST registration threshold in Q3 FY23-24 and the possibility of applying for the composition scheme from January onwards. It clarifies that if the conditions under Section 10(1) are met, and the business isn't excluded, registration can proceed without immediate liability or penalty. Advice is sought on the process and treatment of turnover prior to January 2024.

No liability, No penalty...
Take registration and run Your business under GST...
Gst registration limit crossing threshold
Can You elaborate

As per section 10(1) turnover should not exceed prescribed turnover limit of Rs 1.5 crore for composition in the preceding year. and you are not dealing in specified business for which composition scheme is not available.

Check these conditions before you apply.

Very Well reply Sabyasachi Mukherjee

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