Home > GST > Help Center > Revise GST Tax Invoice Last Updated: Nov 25th 2022

How to Revise GST Tax Invoice ?

Every person who is dealing in goods or services needs to register for GST if his aggregate turnover in a financial year exceeds the threshold limit.


Threshold Limit

In a fiscal year, the threshold limit for GST registration is Rs 20 lakhs. However, in certain states, the registration fee is reduced to Rs 10 lakhs.

The threshold requirement for various states are as follows

StatesNature of SupplyThreshold Limit
  • Manipur
  • Mizoram
  • Nagaland
  • Tripura
Supplier of Goods and/or Services.Rs 10 lakhs
  • Arunachal Pradesh
  • Meghalaya
  • Sikkim
  • Uttarakhand
  • Puducherry
  • Telangana
Supplier of Goods and/or ServicesRs 20 Lakhs
All Other states (except above states)Supplier of Goods and / or ServicesRs 20 Lakhs
All Other StatesSupplier of GoodsRs 40 Lakhs


Time Limit to apply GST registration

The taxpayer needs to register for GST within 30 days from the date on which his turnover exceeds the threshold.


Invoices issued before date of GST registration

The taxpayer registered under GST would issue the invoices with the GSTIN after getting registered, show them in their GST returns, and pay the GST.

But there would be a time lag between the date of application for registration (the "effective date of registration") and the date of the GST registration certificate. To avoid revenue loss and ensure compliance, the government has implemented the concept of the "Revised Tax Invoice".

  1. In these cases, the taxpayer can issue the "Revised Tax Invoice" within 1 month from the date of the registration certificate.
  2. Revised tax invoices will be given against the original invoice so that they can show the invoices in GST returns, pay GST, and enable their B2B customers to claim ITC.
  3. The words "Revised Tax Invoice" should be mentioned on the invoice.
EXAMPLE
  • Mr. Ram is an individual who is providing services in Telangana starting on April 1, 2021. He did not get any GST registration while commencing as it’s a new business, and his expected turnover is less than Rs. 20 lakh. However, as of September 15, 2021, his revenue exceeded 20 lakhs, and he applied for GST registration. He got his GST registration certificate on October 20, 2021, due to various issues.
  • Mr. Ram is now required to issue revised tax invoices for invoices issued between September 15, 2021, and October 20, 2021, as well as pay GST on them.


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