Suppose I have turnover say 15 lakhs as on 31st December 2017. I got registered (New) from 1st January 2018. As per GST act, i have to collect GST on every supply irrespective of turnover (as the exemption is only for registration).
Now my query is whether I have to pay GST out of my pocket for the first 15 lakhs (supplies made before registration) as I would not have collected GST on such supply.
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