if a person is registered under composition wants to left from composition scheme, when he can do that?
is there any limit that he has to continue till any period?
2 Replies
CA Shashikumar PN
(Consultant - Taxation)
(264 Points)
Replied 11 September 2017
He can opt out before the start of next Financial Year or if he crosses the threshold limit of rs.75 lakhs turnover then he will be automatically converted into regular scheme.
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 01 October 2017
Opt out option for composition started.
Recent Topics
- Ewaybill generation for Return of Goods From Exhib
- A foreign entity engages some persons for doing th
- Property late registration selling now
- REQUIRED DELHI BASED LOGISTICS COMPANY 2 YRS OLD
- Rebate under 87A - STCG right to property
- GST RFD-01
- Profit & Loss Statement Analysis: Gross Profit
- Response to defective return notice in case of 139
- Capital loss for surcharge purchase?
- RCM on certain expenses under Sec.9(3) and 9(4)
Related Threads
CAclubindia
