registration and tax liablity

This query is : Resolved

GOPAL LAL GUPTA (Querist)
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06 May 2010 One of my client who has turnover upto 15th April is Rs. 5.00 lac and has further raised a bill of Rs. 7.00 lac.
Sale upto 15.04.2010 5.00 lac
one single bill(16.04.2010) 7.00 Lac

Now I want to know that on which date I should apply for registration.

what will be my tax liablility as I want to avail the exemption of Rs. 10.00 lac as per notification No. 8/2008 dated 01.03.2008.

At the time of asking the registration The Department has opine that I have to pay tax on total sales of 12 lacs and I can not claim the threshold exemption as per notification No.8/2008, and i have to forgo the exemption as soon as I take registration. and has to collect tax on the previous bill of Rs.5 lacs also. How far the point of department is feasible

CA.Hanumantha Reddy

CA.Hanumantha Reddy (Expert)
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06 May 2010 you can go for registraion on or after 16.04.2010 and ensure that you have madet the ST-1 application within 30 days from 16.04.2010. Your tax liability would be above Rs. 10 laksh and not the entire amount of Rs 12 laksh. Pls read the said notification carefully.