Composition scheme opt out
This query is : Open
Tejasvi gupta
(Querist)
04 August 2017
Sir/Ma'am,
I have registered my firm under composition scheme in GST New Registration. Since my dealers have taken registration under regular scheme so the composition scheme will not be fruitful for us. I have searched everywhere in gst.gov.in login portal but nothing is appearing for opting out of Composition Scheme.
Please help us about how to opt out composition scheme.
Thanks in advance. Waiting for your reply.
I have registered my firm under composition scheme in GST New Registration. Since my dealers have taken registration under regular scheme so the composition scheme will not be fruitful for us. I have searched everywhere in gst.gov.in login portal but nothing is appearing for opting out of Composition Scheme.
Please help us about how to opt out composition scheme.
Thanks in advance. Waiting for your reply.
CA R SEETHARAMAN
(Expert)
04 August 2017
Use CMP-04 Intimation of withdrawal from scheme.
Message likes :
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Tejasvi gupta
(Querist)
04 August 2017
Sir but where to fill that form? I am not finding such form in my dashboard.
CA Rashmi Gandhi
(Expert)
04 August 2017
Option to opting out from composition not yet started.
Message likes :
1 times
Tejasvi gupta
(Querist)
05 August 2017
Ok Ma'am. If it's is the case, then should I start generating invoices under regular scheme and opt out composition scheme as soon as it would be available online? I hope that the option must be enabled before first GST return. Please reply what to do..
CA R SEETHARAMAN
(Expert)
05 August 2017
Yes start generating invoices under regular scheme and opt out composition scheme as soon as it would be available online.
Tejasvi gupta
(Querist)
05 August 2017
Ok sir.
Thanks a lot to both of you sir and ma'am.
Thanks a lot to both of you sir and ma'am.
Message likes :
1 times
CA Rashmi Gandhi
(Expert)
06 August 2017
Welcome..........
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