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composition to normal scheme

24 July 2017

sir I applied for composition scheme , but didn't any business and now I want to go for normal scheme, Can I? if yes then how?

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8 Replies

CA Akhilesh Kumar Kandpal (Proprietor A K Kandpal & Associates) (1442 Points)
Replied 24 July 2017

have you applied for new registration or transition from existing vat/excise/service tax???

gupta rambhaj (30 Points)
Replied 25 July 2017

I'm a exesiting vat dealer

CA Akhilesh Kumar Kandpal (Proprietor A K Kandpal & Associates) (1442 Points)
Replied 25 July 2017

many people have done it by mistake......right now no option is there .....but it is in talk that government is going to provide option in gst portal to go back to normal scheme who have mistakenly opted composition.....keep checking gst portal

gupta rambhaj (30 Points)
Replied 25 July 2017

sir someone say that fill gst cmp-04 form to exit, can you check for me?

CA Akhilesh Kumar Kandpal (Proprietor A K Kandpal & Associates) (1442 Points)
Replied 26 July 2017

you can do that.....by doing this you will be regular dealer with effect from the date when you file cmp-04......but if you want to be regular from 1st July itself, then you may have to wait for the decision of govt to allow such option ...