In case of service provider total turnover till the date is Rs.18 Lakh.
Next invoice will be of Rs.8 Lakh , due to which service provider is liable for registration.
Now my query is , whether he is liable to collect GST on the invoice of Rs.8 Lakh or from the next invoice he is liable to collect GST?
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REGISTRATION ON CROSSING THRESHOLD LIMIT
Replies (17)
Try splitting invoice if possible.
You have to take registration immediately and required to pay GST on 8lakh also
GST will be applicable on 6lacs only and not on 8lacs
@ Eswar Reddy S ..... But hows that possible sir if there is single invoice of Rs.8 Lakh.
In my opinion, you have to pay GST on the entire invoice amount of Rs. 8 Lacs.
@ Ninad Taralekar,
Use "Tax Invoice cum Bill of Supply" instrument
And Don't charge GST on two lacs by giving descripttion about the 2lacs and charge GST on 6lacs only
Use "Tax Invoice cum Bill of Supply" instrument
And Don't charge GST on two lacs by giving descripttion about the 2lacs and charge GST on 6lacs only
@ Eswar Reddy S .... Ok Sir. Thank you. 👍
👍🏻👍🏻
It's completely wrong you have to charged on Full 8 lakhs.
When you take new registration you have to pay from single penny, no exemption available for 20 lakhs.
When you take new registration you have to pay from single penny, no exemption available for 20 lakhs.
Yes I will agree with @ CA Rashmi Gandhi, from the effective date of registration you have to pay GST on every outward supply. No such exemption will be available even if the exempted limit of Rs. 20 Lacs was completely used or not.
Suppose you apply for GST registartion when your turnover was Rs. 5 Lacs only, you have to pay GST on every outward supply from the date of registration.
You have to take regestration imediatly and required to pay gst on 8 laks also
👍🏻👍🏻
Stupidity starts😑😑😑
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