Composition Dealer

Save Share

This query is : Resolved

Quick Summary

If you were a dealer under the Composition Scheme in 2019-20 and wish to continue in 2020-21, you do not need to submit a fresh application. You will automatically remain in the scheme until you exceed the threshold limit or choose to withdraw. No annual reapplication is necessary.

Hemkumar

Hemkumar

(Querist)
Follow

22 April 2020 A dealer is in Composition Scheme during 2019-20 and also want to remain in composition scheme during 2020-21, whether he need to make fresh application for to opt composition scheme ?

Sivakanth Badida

Sivakanth Badida (Expert)
Follow

23 April 2020 The dealer would continue to remain under composition scheme till he crosses the threshold limit, or he withdraws voluntarily by filing an intimation. No need to make an application again for Fy 20 21, if already a composition dealer