TMI Blogwrong compositionX X X X Extracts X X X X X X X X Extracts X X X X ..... one of my client has switched from regular to composition w.e.f. 1/8/2017 by filing CMP 02 while his CA has not filed ITC 03 and his composition levy was invalid because of his aggregate turnover of the preceding FY which was 103 lakhs. And now he filed only two quarters returns from july 17 to dec 17. while his turnover for the FY 17-18 was 120 lakh as per tax audit report and on which his VA ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... T turnover was 65 lakh and GST turnover was 55 lakhs. Now please suggest me what should I do? As per my opinion now switching from composition to regular is the best option for him. - Reply By KASTURI SETHI - The Reply = First of all approach jurisdictional GST Officer (Range Officer or Divisional Officer) and give in writing what has happened so far and also mention your client wants to shi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ft from Composition to Regular GST Scheme again. Penalty will be levied for non-filing of returns and ITC-3 . Penalty may be imposed for submission of wrong information on Common Portal System for the purpose of shifting from regular to Composition Scheme.After payment of penalty your client will be allowed to switch from composition to regular GST scheme again. Common Portal System will not allo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... w to shift from Composition scheme to regular GST Scheme until Govt. dues are cleared. You need the guidance and help from Range Officer for setting everything right in Common Portal System. - wrong composition - Query Started By: - jeeshan ali Dated:- 14-12-2018 Goods and Services Tax - GST - Got 1 Reply - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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