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
2 Replies
RAMESH D MODI
(Proprietor)
(4869 Points)
Replied 29 July 2017
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.
Pawan Agrawal
(116 Points)
Replied 29 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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