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Exit from Composition scheme

IRSHAD AHMAD (ACCOUNTANT EXECUTIVE) (28 Points)

22 September 2017

Plz advice us how can we leave composition scheme our monthly sale has been 75 lac.

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3 Replies

CA Rashmi Gandhi (Chartered Accountant) (86323 Points)
Replied 22 September 2017

Send application to Jurisdictional officer. This is the only way to opt out from composition scheme.....

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RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 22 September 2017

Yes. You can opt out from composition scheme in Amendment section and also in "Opt out from composition scheme" option.
But, both options is not available now... After availability you can go to Amend...

Also you can try to file CMP-04 offline mode to your local Circle office. But, this availability is not confirmed. Bcoz, they don't have anything in online...