GST Registration
Jatin (B.Com) (473 Points)
22 March 2018
We have recd GST registration certificate on 20.03.2018, trading started from 15.02.18 (Date of Liability). when Gst return file .
2 Replies
Anmol Singla
(808 Points)
Replied 22 March 2018
in case of voluntary registration gst liability will start from 20 March
and in case of compulsory registration you have to issue revised invoice from 15Feb
and in case of compulsory registration you have to issue revised invoice from 15Feb
Uday
(Article Assistant)
(411 Points)
Replied 22 March 2018
A) In case of Voluntary Registration
Effective date of Registration - 20/03/2018
Return to be filed for March month in April
B) In case of compulsory registration
It seems u have not applied within 30 days of liable to register then Effective date of registration will be 20/03/2018
If so
Penalty of Rs. 10,000/- (Section 66(1)(x))
Non eligible for Input Tax Credit (Section (Section 16(2)
Non eligible for issue of Tax Invoice (Section 23)
Non eligible for Transfer of Input Tax Credit (Section 37A)
Detention of Goods & Conveyance (Section 69)
Confiscation of Goods (Section 70) will be levied
IF YOU ARE LIABLE TO REGISTER FROM WITHIN 30 DAYS OF DATE OF APPLICATION ABOVE CONSEQUENCES WILL NOT BE THERE
Effective date of Registration - 20/03/2018
Return to be filed for March month in April
B) In case of compulsory registration
It seems u have not applied within 30 days of liable to register then Effective date of registration will be 20/03/2018
If so
Penalty of Rs. 10,000/- (Section 66(1)(x))
Non eligible for Input Tax Credit (Section (Section 16(2)
Non eligible for issue of Tax Invoice (Section 23)
Non eligible for Transfer of Input Tax Credit (Section 37A)
Detention of Goods & Conveyance (Section 69)
Confiscation of Goods (Section 70) will be levied
IF YOU ARE LIABLE TO REGISTER FROM WITHIN 30 DAYS OF DATE OF APPLICATION ABOVE CONSEQUENCES WILL NOT BE THERE
Recent Topics
- Avoiding tax audit in case of intraday equity loss
- Form 3CEAB
- Form 3CEAA and Form 3CEAB
- DIR 3 Web KYC
- Can i declare LTCG income as business income if I
- Stock entry in new software
- I have an EMI collection shop, what is its SAC cod
- Making payment once in quarter possible under QRMP
- Master File Documentation related
- Applicability of 44AD needs clarification
Related Threads
CAclubindia
