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Composition scheme

DANISH (ACCOUNTANT) (155 Points)

19 June 2018

i have a registration in gst normal... can i go into composition scheme now. My rrgistration is 3 month old

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13 Replies

Rizwan (GST Practitioner) (178 Points)
Replied 19 June 2018

No, composition scheme window is closed. You can opt in for the same next year from April...

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Narayan Shivhare (204 Points)
Replied 19 June 2018

No, You have to wait till March 2019 to apply for composition so that from Apr 2019 you will cover in components scheme

DANISH (ACCOUNTANT) (155 Points)
Replied 19 June 2018

Can we cancel my this gst number and file again for composition in this financial year

Ravi SADhiyan (Practice) (4510 Points)
Replied 19 June 2018

Originally posted by : DANISH
	Can we cancel my this gst number and file again for composition in this financial year

Yes

This option is availabe

Rizwan (GST Practitioner) (178 Points)
Replied 19 June 2018

plz clarify more
your turnover etc

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DANISH (ACCOUNTANT) (155 Points)
Replied 19 June 2018

6 lac per year

Rizwan (GST Practitioner) (178 Points)
Replied 19 June 2018

since your turnover is below threshold limit of 20 lakhs. your registration is not compulsory for intra state supply. you can cancel the registration

DANISH (ACCOUNTANT) (155 Points)
Replied 19 June 2018

but i want gst number bcz some customer want authorize bill.. thats why i want to go in composition scheme
so finally i want to know if i cancel my regular gst number then we got the composite gst number easily or some other formalities or conditions will apply