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REGISTRATION ON CROSSING THRESHOLD LIMIT

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111 Points Joined July 2018
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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On 22 June 2022 at 18:03 Report
Replies (17)
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CA
682 Points Joined April 2012
Try splitting invoice if possible.
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On 22 June 2022 at 18:56
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Chartered Accountant
86505 Points Joined April 2011
You have to take registration immediately and required to pay GST on 8lakh also
3 Reply
On 22 June 2022 at 23:38
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CFO- at NHTF
58280 Points Joined August 2012
GST will be applicable on 6lacs only and not on 8lacs
1 Reply
On 23 June 2022 at 07:13
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111 Points Joined July 2018
@ Eswar Reddy S ..... But hows that possible sir if there is single invoice of Rs.8 Lakh.
1 Reply
On 23 June 2022 at 09:04
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Chartered Accountant
5010 Points Joined March 2020

In my opinion, you have to pay GST on the entire invoice amount of Rs. 8 Lacs. 

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On 23 June 2022 at 12:39
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CFO- at NHTF
58280 Points Joined August 2012
@ 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
2 Reply
On 23 June 2022 at 18:59
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111 Points Joined July 2018
@ Eswar Reddy S .... Ok Sir. Thank you. 👍
1 Reply
On 23 June 2022 at 19:11
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CFO- at NHTF
58280 Points Joined August 2012
👍🏻👍🏻
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On 23 June 2022 at 19:18
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Chartered Accountant
86505 Points Joined April 2011
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.
1 Reply
On 23 June 2022 at 20:42
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Chartered Accountant
5010 Points Joined March 2020

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.

 

1 Reply
On 24 June 2022 at 10:43
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79 Points Joined April 2021
You have to take regestration imediatly and required to pay gst on 8 laks also
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On 04 July 2022 at 12:25
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CFO- at NHTF
58280 Points Joined August 2012
👍🏻👍🏻
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On 07 July 2022 at 19:35
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Chartered Accountant
86505 Points Joined April 2011
Stupidity starts😑😑😑
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On 07 July 2022 at 21:26
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CFO- at NHTF
58280 Points Joined August 2012
Https://www.caclubindia.com/forum/details.asp?mod_id=590785

This will explain where it was started
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On 07 July 2022 at 21:35

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