Opt out from composition scheme
shadab sarwar (14 Points)
22 August 2017can a composition dealer now opt out from the Composition scheme?
shadab sarwar (14 Points)
22 August 2017
Akash
( )
(375 Points)
Replied 22 August 2017
Yes, you can opt out of composition scheme by filing Form GST CMP-04.
Additionally, you may also file Form GST ITC-01 with details of Input credit in stock-in-hand within 30 days of filing Form GST CMP-04.
shadab sarwar
(14 Points)
Replied 22 August 2017
shadab sarwar
(14 Points)
Replied 22 August 2017
Akash
( )
(375 Points)
Replied 22 August 2017
Originally posted by : shadab sarwar | ||
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Thank you...but what is the process of filing CMP 04? After login or through some other methods. | ![]() |
I couldn't find the option on the portal. Maybe you should login and check if the option is available for Composition dealers. Ideally, it should be under the Services menu. If you can't find it, chances are that they haven't enabled it yet. You can try emailing or calling the helpdesk.