Contents
|
Para |
Topics |
Relevant Section/Rules/N/C/O |
|
Purpose of Section 40 |
NA |
|
|
Declaration of outward supplies made before date of registration in first GSTR-1 |
Section 40 |
|
|
Issue of Revised Invoice |
NA |
40.0 Purpose of Section 40
|
|
Section 40 provides about first return after registration. |
40.1 Declaration of outward supplies made before date of registration in first GSTR-1
|
|
Section 40 RP who has made outward supplies in the period between the date on which he became liable to registration till the date on which registration has been granted shall declare the same in the first return furnished by him after grant of registration. |
|
|
There might be a time lag between a person becoming liable to registration and grant of registration certificate. During the intervening period, such person might have made the outward supplies, i.e. after becoming liable to registration but before grant of the certificate of registration. Such person shall declare such supplies in his first GSTR-1 after issuing revised invoice for such period. |
|
|
First return shall include details of outward supplies made a) between the date on which he became liable to registration till the date on which registration has been granted b) after registration date. |
|
|
40.1.1 Issue of Revised Invoice
|
|
As per section 31(3)(a) read with rule 53(2), RP shall issue revised invoice for the period from effective date of registration till the date of issuance of RC. |
|
|
For guide on revised invoice, please refer para 31.7 of section 31 |