Registration in composition scheme

187 views 4 replies
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!!
Replies (4)
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..

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

He may register when limit will cross

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

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