GST Registration

[saket s]

Dear Experts,

Pls clarify:

a. If a dealer exceeds registration turnover limit ( i.e. 40 Lkah ) in the month of December & he has applied for Registration. Can he liable to pay GST on turnover during April to November?

b. GST bills received partly before receipt of GST Registration certificate & same party’s bills received partly after GST receipt of GST Registration certificate. Can a dealer claim ITC on bill received prior to GST Registration?

Thanks

AI Summary

GST Liability Starts from Registration Date; ITC Claimable on Stock with FORM ITC-01 per Section 18 CGST Act. A dealer inquired about GST obligations after exceeding the registration turnover limit and applying for GST registration. Experts clarified that GST liability begins from the date of registration, not retroactively from April to November. Regarding Input Tax Credit (ITC), it can be claimed on goods held in stock and capital goods per Section 18 of the CGST Act, provided FORM ITC-01 is submitted. However, ITC cannot be claimed for bills received before obtaining GST registration, as it cannot be credited to the ledger for periods without registration.