I have registered under GST under voluntary registration basis but i forget to convert into Composition Scheme, now is there any possibility of obtaining Composite Scheme.
Thank You in advance
Saikrishna Reddy S (57 Points)
18 August 2017I have registered under GST under voluntary registration basis but i forget to convert into Composition Scheme, now is there any possibility of obtaining Composite Scheme.
Thank You in advance
CA Saloni
(Manager-Accounts & GST Consultant)
(5124 Points)
Replied 18 August 2017
Practically advising, its better to opt for regular scheme because in composite scheme, you cannot pass on the credit, so buyers might not be willing to buy if they do not get credit.
Under regular scheme, you can pass the credit.
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
