Composition scheme opt out

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Tejasvi gupta (Querist)
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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.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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04 August 2017 Use CMP-04 Intimation of withdrawal from scheme.

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Tejasvi gupta

Tejasvi gupta (Querist)
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04 August 2017 Sir but where to fill that form? I am not finding such form in my dashboard.

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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04 August 2017 Option to opting out from composition not yet started.

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Tejasvi gupta

Tejasvi gupta (Querist)
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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

CA R SEETHARAMAN (Expert)
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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

Tejasvi gupta (Querist)
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05 August 2017 Ok sir.
Thanks a lot to both of you sir and ma'am.

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CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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06 August 2017 Welcome..........

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