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Fy 2018-19 for which composition scheme is sought

1454 views 5 replies

janardhan

Professional

55 Points Joined September 2014

A dealer who has been migrated from VAT Regime to GST and wishes to opt for composition scheme, But on the screen of Application to opt for composition scheme on GST portal, the website by default has selected 2018-19 as Financial Year for which composition scheme is sought. it should be FY 2017-18 as the due date is extended to 16th Aug 2017.

I would like to seek suggestion in the above said regard.

Replies (5)

RAMESH D MODI

Proprietor

4869 Points Joined January 2010

u have to select REG CMP 1 .
u might have selected 2.
please chk.

CA Akhilesh Kumar Kandpal

Proprietor A K Kandpal & Associates

1442 Points Joined February 2010

if you are a migrated dealer than it should be 2017-18 and not 2018-19....if you are newly registered than it will be 2018-19....
contact help desk if you are migrated one....

janardhan

Professional

55 Points Joined September 2014

Thank you Akhilesh Sir. Its regarding migrated dealer.

Shripal S Shah

Article Assistant

22 Points Joined December 2010

Sir,

I am a new dealer. I am doing business of trading of textile fabrices which were earlier exempt under VAT.

But now when i click on Option of Application to opt for Composition Levy..it shows "Option to pay tax under composition scheme be filed in March 2018 for the FY 2018-19."

Kindly suggest..thanks

CA Akhilesh Kumar Kandpal

Proprietor A K Kandpal & Associates

1442 Points Joined February 2010

if you take new registration than you should opt composition scheme at the time of application .....once register under normal scheme than you cannot opt composition for rest of the year....you can only opt composition only next year....