Ad-Free CAclubindia and Daily Updates on your mobile. Subscribe Now!

Regular to composition

Pankaj Gupta (56 Points)

10 September 2017

is there any option for regular to composition...

Reply
Follow
Share

6 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (170798 Points)
Replied 10 September 2017

As per the recent suggestion of GST council, it may be re-open to opt for composition scheme for traders who missed the opportunity....... so wait and watch for notification......

Upgrade to CAclubindia Pro. Subscribe Now!

prasad (EMPLOYEES) (315 Points)
Replied 10 September 2017

composition to regulate?

BS and Associates (Chartered Accountants) (86 Points)
Replied 11 September 2017

For Both You Have to Wait Untill Next Announcement of GSTN...

RAJA P M ("Do the Right Thing...!!!") (128010 Points)
Replied 11 September 2017

@ Prasad.,

Yes. You can opt out from composition scheme to Regular dealer at any time before the quarter...
Just you can use the option of "opt out composition scheme". But, Now the option is not available. You can wait for Opening of Amendment section and you ll make changes....

GOOD LUCK...

RAJA P M ("Do the Right Thing...!!!") (128010 Points)
Replied 11 September 2017

@ Pankaj.,
You can wait for G.O...
Now the situation no way for changes...

Upgrade to CAclubindia Pro. Subscribe Now!

CA Rashmi Gandhi (Chartered Accountant) (86308 Points)
Replied 11 September 2017

Option for opting composition starts from Oct.

Also those who want to to opt out of compostion hive application to your GST officer.
We file such application & status changed from composition to normal