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Regular to Composition

HANNAN SHAIK (291 Points)

03 October 2018

i want to cancel my Regular GST and want to register in Composition...
is it possible now??

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4 Replies

shah (student) (621 Points)
Replied 03 October 2018

u need not to cancel gst reg

u can simply amend from regular to composition scheme.

by way of amendment in core field section

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Shivam RC (Student) (23683 Points)
Replied 03 October 2018

Dear Hannan Shaik Sir

The window of opting for Composition Scheme [ SECTION 10 ] has been closed now. It will again open in the month of March 2019. So for FY 2018-19, you have to carry on with your Regular Scheme Registration and file all the relevant Returns ( i.e. GSTR 1, GSTR 3B and 1 ANNUAL RETURN GSTR 9) and can opt for Composition Scheme only in the month of March 2019 for FY 2019-20.

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K P S Group (247 Points)
Replied 03 October 2018

definitely u need not to cancel gst registration u can simply amend from regular to composition scheme.

Pankaj Rawat (GST Practitioner) (55047 Points)
Replied 03 October 2018

As per sub rule( 3)of Rule 3 CGST Act
to switch from regular to composit scheme can done prior to the commencement of the financial year
Hence taxpayer can switch to composite scheme only at the begining of FY

1 Like