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Composition

anshul tiwari (Student CA IPC / IPCC) (261 Points)

13 July 2017

If any businessman regitered dealer which is registered in previous now he want to take composite scheme in gst what is procedure. If he take migration as normal dealer

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9 Replies

RAMESH D MODI (Proprietor) (4869 Points)
Replied 13 July 2017

if his t/o is less than 75/50 L he can apply in prescribed form and get the benefit of composition

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anshul tiwari (Student CA IPC / IPCC) (261 Points)
Replied 13 July 2017

Thanku for rply
Can u give me suggestions and which form we fill for opting composite scheme

anshul tiwari (Student CA IPC / IPCC) (261 Points)
Replied 13 July 2017

Thanku for rply sir
Can u help me and suugest me which form and procedure applicable for opting composite scheme

saurabh (jaipur) (257 Points)
Replied 13 July 2017

there is no form
directly login in your GST
go to user services
opt to composition scheme -yes

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RAMESH D MODI (Proprietor) (4869 Points)
Replied 13 July 2017

yes just do as saurabh says

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saurabh (jaipur) (257 Points)
Replied 13 July 2017

According to old accounting rule we were not able to change method during the year.
At now we are in the middle of year, can it allow to us to go for composition?
or from composition to credit dealer?

RAMESH D MODI (Proprietor) (4869 Points)
Replied 13 July 2017

yes u can do if all conditions are satisfied.

Jayesh Doshi (Self) (177 Points)
Replied 13 July 2017

A dealer trading in textiles which was tax free in vat regime having turnover more than 75 lakh during previous year i.e. 2016-17. Now he is applying for registration under GST, can he opt for composition as a new dealer ?
If yes then any liability on closing stock of textiles ?
Considering new registration whether condition of preceeding year turnover is applicable to such dealer ?
Please reply & clarify the issue