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Registration under Composition Scheme, Goods and Services Tax - GST |
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Registration under Composition Scheme |
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Dear Experts, One Trader registered under GST composition scheme (quarterly return) and the turn over is below 75lacs But the Trader wants to adopt Regular Scheme/Regular Business (Monthly Return) under GST. How to process the same.. Is it possible to change over the same now... Please guide on this.... Posts / Replies Showing Replies 1 to 3 of 3 Records Page: 1
You may refer to following CBEC - GST - FAQ Q 25. Can a person paying tax under composition levy, withdraw voluntarily from the scheme? If so, how? Ans. Yes. The registered person who intends to withdraw from the composition scheme can file a duly signed or verified application in FORM GST CMP-04. Every person who has filed an application for withdrawal from the composition scheme, may electronically furnish, a statement in FORM GST ITC-01 containing details of the stock of inputs and inputs contained in semi-finished or finished goods held in stock by him on the date of withdrawal, within a period of thirty days of withdrawal.
Dear sir, This form is not provided in the portal so far.
Yes, GSTN portal is still not fully ready. We will have to wait. Page: 1 Old Query - New Comments are closed. |
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