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Registration doubt previous years

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Kollipara Sundaraiah

B.com

3025 Points Posted on 09 May 2023

A non gst registered dealer sales of goods turnover rs:45 lacs year:21-22(limit rs:40 above) and sale of goods turnover rs:55 lacs(limit rs:40 lacs above) year:22-23 report in income tax returns
question:
dealer gst registration applied edr date year:2023 or 2021 year .

Replies (2)

Quick Summary

This discussion addresses a dealer who exceeded the GST registration threshold of Rs 40 lakhs in the financial year 21-22 with sales of Rs 45 lakhs. They subsequently exceeded it again in 22-23 with sales of Rs 55 lakhs. The query is about the correct year to apply for GST registration, given the turnover limits were surpassed in 2021-22. The consensus is that registration should have been obtained in the 2021-22 financial year as soon as the threshold was crossed.

Pankaj Rawat

GST Practitioner

55067 Points Posted on 09 May 2023

Since AT get exceeded the threshold limit for registration in fy 21-22, must have obtained the registration in 2021-22 only. So apply for registration as soon as possible.