regular to composition levy

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116 Points Joined July 2017
I am a cloth merchant. I have registered in GST portal in regular scheme. my gstin no. generated. can I change it to composition levy. what is the process and I have a stock RS 1500000/-
is there any charges paid in stock which I declared in 30th june
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On 29 July 2017 at 15:41 Report
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4869 Points Joined January 2010
if u were in regular scheme under vat and now go for composition your ITC ON stock is to be reversed. If fresh registration no issue.
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On 29 July 2017 at 15:58
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116 Points Joined July 2017
In vat kapda is tax free so no need to register in vat. It's a fresh registration. Then what is the process of regular to composite
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On 29 July 2017 at 16:33


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