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
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...
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
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
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
Rizwan
(GST Practitioner)
(178 Points)
Replied 19 June 2018
my suggestion to you is file monthly returns till march 2019 in order to avoid unnecessary cancellation and new registration process.
Vinod Babu
(24191 Points)
Replied 19 June 2018
You can't cancel the registration if taken on voluntary basis till one year from date of registration.
CA S Praveen Kumar Reddy
(Chartered Accountant)
(2195 Points)
Replied 19 June 2018
No u can opt only in next year
Vinod Babu
(24191 Points)
Replied 20 June 2018
Yes, cancelling gst registration possible but all the returns has to be filed till the date of cancellation.
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