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continuation of composition scheme

344 views 4 replies

LAKSHMI KANTH

TAX CONSULTANT

449 Points Joined July 2018

Sir. For the taxpayers, who are under composition for the F.Y 2018-2019 , are also required to choose for the F.Y 2019-2020 again ? Or not necessary.

Replies (4)

RAJA P M

"Do the Right Thing...!!!"

128147 Points Joined January 2015

No need...
You can continue without any applications (except if you reached the Turn Over limit)

pritesh

CA Final student

7106 Points Joined April 2018

No need to file any application

subhagan sreerangam

7059 Points Joined January 2017

Once opting Composition Scheme existing until withdrawal from Composition.

Shivam RC

Student

23688 Points Joined November 2017

As per sub rule (2) of Rule (5) of the CGST Rules 2017, persons who are paying tax under section 10 are not required to make a Fresh intimation every year to opt in the Scheme.

So in your case, no fresh intimation ( in FORM GST CMP-02 ) is required to opt for Composition Scheme for FY 2019-20 since you were already registered as a Composite Dealer in FY 2018-19.

Warm Regards.