normal to composition
Tarun Kumar (114 Points)
21 October 2018
is a normal taxpayer switch to composition sceam even after billing under regular taxpayer?
9 Replies
RAJA P M
("Do the Right Thing...!!!")
(128101 Points)
Replied 21 October 2018
@ Mr Tarun Kumar.,
I can't understand Your query... Elobrate Your query once again..
I can't understand Your query... Elobrate Your query once again..
CA Sunil Kumar
(Chartered Accountant)
(4524 Points)
Replied 21 October 2018
Can I opt-in for composition scheme anytime during the year?
No. Before the beginning of every financial year, a registered taxpayer is required to provide a declaration on the GST Portal. This cannot be done anytime during the year.
No. Before the beginning of every financial year, a registered taxpayer is required to provide a declaration on the GST Portal. This cannot be done anytime during the year.
Tarun Kumar
(114 Points)
Replied 21 October 2018
@ Mr. Raja P M
I want to know that any person can switch to composition sceam after billing his sale as normal taxpayer
I want to know that any person can switch to composition sceam after billing his sale as normal taxpayer
Vinod Babu
(24196 Points)
Replied 21 October 2018
yes , you can opt composition scheme but for opting it is not possible for this FY 2018-2019, as it is closed on 31sr March 2018.
if you can opt composition scheme for next FY 2019-2020 at the last month(March) of FY 2019.
if you can opt composition scheme for next FY 2019-2020 at the last month(March) of FY 2019.
RAJA P M
("Do the Right Thing...!!!")
(128101 Points)
Replied 21 October 2018
Yes... I agreed to Mr CA Sunil Kumar and Mr Vinod Babu views...
@ Mr Tarun Kumar.,
(I want to know that any person can switch to composition sceam after billing his sale as normal taxpayer)
Also your query resolved in above replies...
@ Mr Tarun Kumar.,
(I want to know that any person can switch to composition sceam after billing his sale as normal taxpayer)
Also your query resolved in above replies...
Shivam RC
(Student)
(23683 Points)
Replied 21 October 2018
Yes you can opt for Composition Scheme ( SECTION 10 of CGST Act 2017 ) from Regular Scheme if you satisfy the conditions laid down u/s 10(2) of CGST Act 2017.
But to opt in for Composition Scheme, you have to wait for March 2019 and opting for Composition Scheme for FY 2018-19 has been closed...
But to opt in for Composition Scheme, you have to wait for March 2019 and opting for Composition Scheme for FY 2018-19 has been closed...
Recent Topics
- TDS vs TCS who eligible to deduct tds
- E-way Bill Limit In Maharashtra
- Requirement of filing of form MSME-1
- Income tax query capital gain & exemption
- LTCG on flat
- Acquisition Cost after Merger
- Clubbing (Income Tax)
- Sales Invoice raised in feb-25 but now some materi
- Transfer of Nominee Share to Body corporate
- GSTR 4 FOR 24-25 due date of annual return
Related Threads
Trending Online Classes
-
GST LIVE Certification Course - 42nd Weekend Batch(With Govt Certificate)
Industry Expert17 May 2025
CAclubindia
