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Regarding gst

Rupesh Kadam (Accountant) (39 Points)

22 January 2018

I have taken the gst registration number on 01/10/2017. Now i want to know that i have to pay GST on sales in period 01/07/2017 To 30/09/2017 i.e. for pre-registration period.????????

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4 Replies

CA Altamush Zafar (GST Consultant) (15976 Points)
Replied 22 January 2018

No you dont have to pay provided that you werre not eligible for registration before 1.10.2017.

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Rekha Sai Teja (Working also) (406 Points)
Replied 23 January 2018

While registration , it asks what is the commencement date of business. in case the date of commencement of you business is before GST date you have to pay GSt on sales from July .

Example: if commencement date is in August , u have to pay from August month

Rupesh Kadam (Accountant) (39 Points)
Replied 23 January 2018

my commencement date is 05/12/2015 and annual turvover is 850000 to 900000

Rekha Sai Teja (Working also) (406 Points)
Replied 23 January 2018

Hi Rupesh,

1) Then You need to pay taxes on sales made from july 01, 2017 and file returns every month. Generally You have to charge and collect tax from customer and pay to government.

2) You can also opt for composition scheme where you have to pay tax without charging from customers ( i.e., you have to pay from your pockets @ 1% or 2% or 5% what ever applicable ) and file returns for every quarter. Check your eligbility for composition.