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REGISTRATION ON CROSSING THRESHOLD LIMIT

22 June 2022

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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17 Replies

CA. ANKIT PANDYA (CA) (682 Points)
Replied 22 June 2022

Try splitting invoice if possible.

CA Rashmi Gandhi (Chartered Accountant) (86220 Points)
Replied 22 June 2022

You have to take registration immediately and required to pay GST on 8lakh also

3 Like

Eswar Reddy S (CFO- at NHTF) (58213 Points)
Replied 23 June 2022

GST will be applicable on 6lacs only and not on 8lacs

1 Like

NINAD TARALEKAR (110 Points)
Replied 23 June 2022

@ Eswar Reddy S ..... But hows that possible sir if there is single invoice of Rs.8 Lakh.

1 Like

CA Puja Sharma (Chartered Accountant) (4874 Points)
Replied 23 June 2022

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

Eswar Reddy S (CFO- at NHTF) (58213 Points)
Replied 23 June 2022

@ 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 Like

NINAD TARALEKAR (110 Points)
Replied 23 June 2022

@ Eswar Reddy S .... Ok Sir. Thank you. 👍

1 Like

Eswar Reddy S (CFO- at NHTF) (58213 Points)
Replied 23 June 2022

👍🏻👍🏻

CA Rashmi Gandhi (Chartered Accountant) (86220 Points)
Replied 23 June 2022

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 Like

CA Puja Sharma (Chartered Accountant) (4874 Points)
Replied 24 June 2022

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 Like