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First Return under section 40, Goods and Services Tax - GST

Issue Id: - 117945
Dated: 6-5-2022
By:- Ashiesh Prremji
First Return under section 40

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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 !

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Posts / Replies

Showing Replies 1 to 4 of 4 Records

1 Dated: 6-5-2022
By:- Ganeshan Kalyani

In my view you have to show all outward supplies in the return that has exceeded the threshold limit for GST registration.


2 Dated: 7-5-2022
By:- KASTURI SETHI

Answer is YES. Section 40 is very much clear. What raises doubt in your mind ? I agree with Sh.Ganeshan Kalyani Ji.


3 Dated: 9-5-2022
By:- Ashiesh Prremji

Thanks to both of you Sir !

Just wanted to confirm, no doubt.


4 Dated: 9-5-2022
By:- Shilpi Jain

If u have delayed registration and taken in to apr 22 ( I am assuming it is effective apr) then the liability of aug '21 will also have to be disclosed in apr 22 returns itself.

The portal presently does not allow taking belated registration of this much period .so disclose ur aug 21 transactions in the apr 22 return as u have no other choice


1

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