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Turnover prior to registration

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Mano KM

4 Points Posted on 01 March 2023

When a supplier's turnover crosses the threshold during the year, say in the month of August, should he pay GST on the turnover prior to registration (From Apr to July)?

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Quick Summary

If your business turnover crosses the GST threshold during the financial year, you are liable for GST from the date of your registration, not from the beginning of the financial year. Section 22 of the CGST Act supports this, and there's a one-time exemption available if you meet the threshold criteria.