Igst payment queries

[A S]

I am a freelancer exporting managerial consulting services and receiving consulting fees either in USD or AUD, which get converted when they hit my bank. On 5th oct i crossed the 20 lakh threshold for services, and therefore applied for gst registration. I received the gst registration approval on 4th nov, on which date i applied for the LUT. In between 5th oct and 4th nov i had few inward receipts, but since i got my registration approval only on 4th nov i did not get the lut.

For gst returns, my GSTR 3B filing for october is not activated. I can only file for November (means next month). Now my query is, how do i declare those receipts and what should i do about the igst for those (pay igst and claim refund?). I have firc certificate for each from my bank. Also, i don't have any input credit.

Many thanks

[Rajagopalan Ranganathan]

Sir,

You had crossed the limit of ₹ 20 lakhs on 5th October. Up to 4th October, you are not liable to gst. The gst payable from 5th of October is payable on or before 20th November. Therefore filing of GSTR-3B is activated in November.

Regarding gst registration, you can take registration within 30 days from the date of starting your business. For the period from the date of applying to registration and the date of granting of registration, you are eligible to avail of all exemptions and concessions including the ITC facility. LUT applied for after effecting the exports and be made applicable to exports made during the period from the date of registration and date of granting the registration.

AI Summary

Freelancer Exceeds 20 Lakh Threshold, Must Register for GST; GST Payable from October 5 with November 20 Deadline A freelancer exporting managerial consulting services exceeded the 20 lakh threshold on October 5, necessitating GST registration, which was approved on November 4. The individual applied for a Letter of Undertaking (LUT) on the approval date. The freelancer faced issues declaring receipts between October 5 and November 4, as GSTR-3B filing for October was not activated. A response clarified that GST is payable from October 5, with a deadline of November 20. Registration can occur within 30 days of starting a business, and exemptions, concessions, and ITC facilities are available for the period between application and registration approval.