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Once opted for composition, can an assessee get into regular scheme of GST
My client opted for Composition Scheme and applied for it. Now he wants to shift to regular scheme of GsT from composition scheme. how can he do so..??? Is there any procedure for that?
Replies (11)
you can opt for cancellation of composition scheme in form GST CMP 04 in gst portal.
yes u can withdraw from composition anytime
Yes you can withdraw.
yes he can but there is not any form in gst portal yet
Yes he can , even he is eligible to take credit of Gst on stock in hand
Yes he can , even he is eligible to take credit of Gst on stock in hand
Withdrawal facility will start soon.
if the person wanna shift from composition scheme to regular scheme he can do ! but when he wanna convert again to composition scheme
if the person wanna shift from composition scheme to regular scheme he can do ! but when he wanna convert again to composition scheme after completion of the FY and he should not without any stock and also should not have any inter state sale ....
yes u can withdraw from composition anytime,
Withdrawal facility will start soon.
if your turnover has been crossed as prescried by the act you can automatically convert
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