IS ONCE OPTED COMPOSITION SCHEME WILL BE CONTINUE IN NEXT YEARS UNTIL ASSESSEE DOES NOT OPT REGULAR BASIS ??
PLEASE CONFIRM .
5 Replies
Ravi SADhiyan
(Practice)
(4510 Points)
Replied 25 May 2018
| Originally posted by : makkhan sharma | ||
 |
IS ONCE OPTED COMPOSITION SCHEME WILL BE CONTINUE IN NEXT YEARS UNTIL ASSESSEE DOES NOT OPT REGULAR BASIS ??PLEASE CONFIRM . |  |
Yes
CA Sunil Kumar
(Chartered Accountant)
(4524 Points)
Replied 25 May 2018
Yes. The registered person who intends to withdraw from the composition scheme can file a duly signed or verified application in FORM GST CMP-04.
Every person who has filed an application for withdrawal from the composition scheme, may electronically furnish, a statement in FORM GST ITC-01 containing details of the stock of inputs and inputs contained in semi-finished or finished goods held in stock by him on the date of withdrawal,within a period of thirty days of withdrawal.
Every person who has filed an application for withdrawal from the composition scheme, may electronically furnish, a statement in FORM GST ITC-01 containing details of the stock of inputs and inputs contained in semi-finished or finished goods held in stock by him on the date of withdrawal,within a period of thirty days of withdrawal.
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