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composition scheme

prashant Kumar Singh (student) (246 Points)

23 June 2017

can a dealer ,avail comosition scheme , withdraw from composition scheme & what is the procedure and after how many time he can leave composition scheme

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2 Replies

srinadh chilakala (30 Points)
Replied 23 June 2017

a registered person, whose aggregate turnover in the preceding financial year did not exceed fifty lakh rupees

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Alok Sharma (Practising) (44 Points)
Replied 23 June 2017

yes a dealer can avail composition scheme if it's turnover is less than 75 lakh rupees. he has to submit GST form on portal or if new registration then fill in registration form once option is opt you can not withdraw it from in whole year. if you want to continue it in next year you have to intimate in starting of year.