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normal to composition

Tarun Kumar (114 Points)

21 October 2018

is a normal taxpayer switch to composition sceam even after billing under regular taxpayer?

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9 Replies

rahul (a) (1620 Points)
Replied 21 October 2018

yes can trf......

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RAJA P M ("Do the Right Thing...!!!") (127977 Points)
Replied 21 October 2018

@ Mr Tarun Kumar.,

I can't understand Your query... Elobrate Your query once again..

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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.

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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

Vinod Babu (24191 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.

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RAJA P M ("Do the Right Thing...!!!") (127977 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...

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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...

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