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how to switch from composition to normal schene

18 September 2017

without knowing the criteria of composition scheme i selected the composition scheme so now how to change it from composition to normal Gst

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18 Replies

Nair Manish Mani (Student) (141 Points)
Replied 18 September 2017

You can get either by voluntary or by enforcement of act

Nair Manish Mani (Student) (141 Points)
Replied 18 September 2017

Once you opt Normal scheme you will get ITC on inward supplies and have to pay GST on outward supplied

Vikram Katariya (26 Points)
Replied 18 September 2017

sir enforcement of act means

Vikram Katariya (26 Points)
Replied 18 September 2017

wat is the procedure to apply for voluntarily get normal Gst scheme

Nair Manish Mani (Student) (141 Points)
Replied 18 September 2017

By enforcement of law: The aggregate turnover exceeds the prescribed threshold limit of Rupees 75 Lakhs, or as per the prescribed conditions, he may not be eligible to opt for composition levy under GST

RAJA P M ("Do the Right Thing...!!!") (127140 Points)
Replied 18 September 2017

@ Vikram Katariya.,

You can Change Composition to Regular....

In my view...

The Composition dealer can opt out from Composition Scheme to Regular Scheme. No more Conditions.

They ll be file CMP-04 for opt out Composition...

But,

Now the situation, The options (Amendment & Opt out Composition) are not available in portal. In case its available Composition dealers can make to Regular. Also he ll be file their Quarter Return after the can make Changes...

Regards...

P M RAJA

RAJA P M ("Do the Right Thing...!!!") (127140 Points)
Replied 18 September 2017

Also you ll move it your Circle office. They can help you...

Vikram Katariya (26 Points)
Replied 18 September 2017

thank you sir

1 Like

RAJA P M ("Do the Right Thing...!!!") (127140 Points)
Replied 18 September 2017

You are most Welcome Dear...

GOOD LUCK....

CA Rashmi Gandhi (Chartered Accountant) (86220 Points)
Replied 18 September 2017

No option available on GST Website to opt out of Composition .

Only option available now is to contact your jurisdiction officer.

1 Like

Vikram Katariya (26 Points)
Replied 18 September 2017

Thank you mam

1 Like

CA Rashmi Gandhi (Chartered Accountant) (86220 Points)
Replied 18 September 2017

Welcome.... Pleasure is all mine.

Nair Manish Mani (Student) (141 Points)
Replied 18 September 2017

thank you @ Rashmi maam !

RAJA P M ("Do the Right Thing...!!!") (127140 Points)
Replied 18 September 2017

No option available NOW...
It's not final and it's not lifelong... The option available shortly.
If it's not availability in future then the provision/rule is not applicable to assessee....