278. The annual turnover of the taxable person exceeded Rs 20 lac on 15th September. He applied for registration on 25th September. During this period on 21st September, taxable person has made a sale of Rs 2 lac for which an invoice was issued. Registration certificate was granted on 10th October. Determine:

(a) what shall be the effective date of registration

(b) is the taxable person liable to collect any tax for the sale made on 21st September

(c ) is there any provision for revision of invoice? If yes, then mention.

As per section 22(1) of the Act, every supplier shall be liable to be registered from where he makes a taxable supply of goods or services or both, if his aggregate turnover in a financial year exceeds twenty lakh rupees.

(a) as per rule 10(2) of the Registration Rules under Chapter-III of CGST Rules, the registration shall be effective from the date on which the person becomes liable to registration where the application for registration has been submitted within thirty days from such date. Thus, the effective date of registration shall be 15th September.

(b) since the effective date of registration is 15th September, therefore the taxable person was liable to collect tax on the supplies made on 21st September.

(c ) Yes, the taxable person may revise his invoice issued on 21st September. As per section 31(3) of the Act, a registered person may, within one month from the date of issuance of certificate of registration issue a revised invoice against the invoice already issued during the period beginning with the effective date of registration till the date of issuance of certificate of registration to him.