Gkannan (manager) (77 Points)
02 August 2017Dear experts,
The threshold limit for GST is 20 lakhs for a business. suppose if a trader estimates that his business will not cross 20 lakhs and did not register under GST however if he crosses 20 lakhs during the last 3 months of the year whether he will raise GST invoices only for the last three months???
Please clarify
CA Saloni
(Manager-Accounts & GST Consultant)
(5124 Points)
Replied 02 August 2017
He will have to register himself first, then on allotment of GSTIN he will have to issue tax invoices.
rocky
(accountant)
(948 Points)
Replied 02 August 2017
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 02 August 2017
As I understand, revised invoices will have to be issued for the period from the date when the person is liable to register till the date of issuance of registration certificate. In any case, invoices issued prior to applicability of GST cannot be revised to include GST since GST was not applicable at the time of supply during such period.
rocky
(accountant)
(948 Points)
Replied 02 August 2017
Gkannan
(manager)
(77 Points)
Replied 04 August 2017
Dear Poornima mam,
Can you explain in more detail cant understand?
Thanks
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 05 August 2017
Gkannan
(manager)
(77 Points)
Replied 07 August 2017
Dear Poornima,
Your reply is clear , thanks for the update.
Reg,
G.Kannan
CAclubindia
