(B) Pari & Sons is an unregistered dealer. On 10th August, 2019 aggregate turnover of
Pari & Sons exceeded ` 20,00,000. The firm applied for registration on 27th August,
2019and was granted the registration certificate on 1st September, 2019.
Under CGST Rules, 2017, you are required to advise Pari &Sons as to what is the effective date
of registration in its case. It has also sought your advice regarding period for issuance of revised
tax invoices
8 Replies
CA. Sourav Sarkar
(Chartered Accountant )
(24588 Points)
Replied 07 May 2021
Effective date of registration will be the date when he exceeds the turnover criteria and become liable for registration i.e, 10th August, 2019 as he has applied for registration within 30 days. Tax invoices should be issued from 10th August to 1st September
sabyasachi mukherjee
(27713 Points)
Replied 07 May 2021
Registration is optional .
A taxable person generally as per the definition of sale under gst act is liable to pay gst, but the Act has made some provisions .
1. exemption from GST for small business doubled from Rs. 20 lakhs to Rs. 40 lakhs.
2. traders in goods having turnover upto 1.5 crores
3. Small service providers with turnover upto Rs. 50 lakhs can opt for composition scheme.
4. taxable persons upto 5 crores per annum hv to file quarterly returns instead of monthly return
A taxable person generally as per the definition of sale under gst act is liable to pay gst, but the Act has made some provisions .
1. exemption from GST for small business doubled from Rs. 20 lakhs to Rs. 40 lakhs.
2. traders in goods having turnover upto 1.5 crores
3. Small service providers with turnover upto Rs. 50 lakhs can opt for composition scheme.
4. taxable persons upto 5 crores per annum hv to file quarterly returns instead of monthly return
sabyasachi mukherjee
(27713 Points)
Replied 07 May 2021
I hv given in a nutshell the applicability of registration.
It is for different classes of taxable person.
It is for different classes of taxable person.
Pankaj Rawat
(GST Practitioner)
(55057 Points)
Replied 08 May 2021
As per Section 22 of CGST Act , the threshold limit to obtain Registration :
20 Lacs for supplier of services.
40 Lacs for supplier of Goods.
So I am assuming that you supplying services.
In term of Section 31(3) of CGST Act , the registered person may, within one month from the date of issuance of certificate of registration can issue a Revised Invoice against all such invoices already being issued during the period beginning from Effective Date of Registration till the date of issuance of certificate.
Hence As per your query your effective date of registration is 10/08/2019 , so the invoice issued from 10/8/19 to 31/8/2019 , the revised invoice can be issued against them.
Note : Suppose if you got the registration certificate on 11/9/2021 , you can definitely can issue revised invoice against all Invoices issue during the period from 10/8/19 to 10/9/2019 , but in term of section 18 of CGST Act , the ITC on Input goods, capital goods is lapse if the Registration is not taken within 30 days.
20 Lacs for supplier of services.
40 Lacs for supplier of Goods.
So I am assuming that you supplying services.
In term of Section 31(3) of CGST Act , the registered person may, within one month from the date of issuance of certificate of registration can issue a Revised Invoice against all such invoices already being issued during the period beginning from Effective Date of Registration till the date of issuance of certificate.
Hence As per your query your effective date of registration is 10/08/2019 , so the invoice issued from 10/8/19 to 31/8/2019 , the revised invoice can be issued against them.
Note : Suppose if you got the registration certificate on 11/9/2021 , you can definitely can issue revised invoice against all Invoices issue during the period from 10/8/19 to 10/9/2019 , but in term of section 18 of CGST Act , the ITC on Input goods, capital goods is lapse if the Registration is not taken within 30 days.
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