Dear Experts,
If GST registration has been taken after 30 days from the date on which liability to take registration arises. It was liable to get registration from Aug 21 but got registration in April 22. we have some B2C transactions between that period, as per Section 40 we need to declare the same in first Return.
Please suggest whether we should declare that B2C transactions in April 22 GSTR-1 & accordingly in GSTR-3B for tax payment ?
Thank You !
Declare B2C Transactions in April 2022 GSTR-1 and GSTR-3B Returns as per Section 40 Despite Late Registration. An individual sought advice on declaring B2C transactions in their first GST return after obtaining registration late. They registered in April 2022, though liable since August 2021. Experts advised that all transactions exceeding the GST threshold must be declared in the April 2022 GSTR-1 and GSTR-3B returns, as per Section 40. The consensus was that delayed registration requires disclosing prior transactions in the first available return, as the GST portal does not accommodate such delayed registrations. The individual confirmed understanding and had no doubts. (AI Summary)
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