Composition to Reguar schem
vikash kumar (49 Points)
23 July 2020
Can I opted regular scheem to FY- 2019-20
4 Replies
CA Akshay Hiregange
(Partner - Audit & Assistance)
(4825 Points)
Replied 23 July 2020
30/2020-CT provided the last date to opt for composition scheme was 30th June 2020, and ITC-03 must be filed by 31st July 2020 for FY 2020-21.
For FY 2019-20 the last date was in April 2019 only (some extensions were available briefly). Therefore, cannot be opted for previous year in the current year.
Vijayprakash P
(1313 Points)
Replied 23 July 2020
No. You cannot opt to the regular scheme from composite scheme of the financial year 2019-20.
Recent Topics
- Dr03 payment for input tax repayment
- Extra invoice in GSTR1
- CA Articleship form 112
- ITC for tax paid under RCM
- Loss adjust
- GST registration -rent Agreement
- Study partner for CA Final- Jan 26
- Sir, ITC is not showing in GSTR-3B, what to do
- Capital Gains on Industrial Property...
- While making correction in form-26QB getting - Maj
Related Threads
Trending Online Classes
-
GST LIVE Certification Course - 42nd Weekend Batch(With Govt Certificate)
Industry Expert17 May 2025
CAclubindia
