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Registration in composition scheme

21 July 2018

If a trader whose aggregate turner is less than the threshold limit (20lakh/10lakh) but is registered under composition scheme.Was there any necessity for him to register?
And then if he withdraws his registration will there be any further consequences for him under GST ?

please let me know!!
Thank you!!

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4 Replies

CA ABHAY GUPTA (Practice) (3230 Points)
Replied 21 July 2018

first since the dealer hv turnover below threshold limit is not mandatory to get register under GST ACT.. once he voluntarily get registered himself then whole of the GST ACT levy on him... this means if in ur case assessee gets registered under composition scheme hv to file return under the act and pay tax accordingly... if you do not want surrender ur registration certificate file GSTR Form 16..

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Ruchika Somani (Coaching and Practice in Tax Audit Law.) (4429 Points)
Replied 21 July 2018

Assessee may withdraw registration providing reason of withdrawal as below turnover registration limit.

He may register when limit will cross

3 Like

Vinod Babu (24191 Points)
Replied 21 July 2018

Yes agreed with above views...
Composition dealer can cancel the gst registration is below the threshold limit.

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Shivam RC (Student) (23683 Points)
Replied 21 July 2018

Agree with Abhay Sir...
Since your Aggregate Turnover is less than the threshold limit ( of ₹ 20 lakhs) , you are not required get registered under GST. You can cancel your Registration under Composition Scheme by filling GSTR Form 16 ...

2 Like