How to withdrawal from composition levy


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Querist : Anonymous

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Querist : Anonymous (Querist)
24 August 2017 Respected Experts,
We are registered in G S T (City-Lucknow, State -UP) in Composition Levy but now we don't want to continue with composition levy and want to withdrawal from composition scheme.
So, please suggest us how it's possible. Can we apply online for Withdrawal or we should reach at respective sector officer.

THANKS
HARISH
+91-9839128034


24 August 2017 the cancellation link is not yet activated. Wait for the same.
Mostly after the first quarterly return filing, this cancellation link might get activated.

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Querist : Anonymous

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Querist : Anonymous (Querist)
24 August 2017 Thanks Sir,
And, I have one think more that can we take ITC during this period of capital goods/ credits or this should be c/fd
Plz reply must.

24 August 2017 No,
since you are under composition.

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Querist : Anonymous

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Querist : Anonymous (Querist)
25 August 2017 Sir Ji Thanks.
So, when we can take ITC credit of paid ITC on Capital Goods?. And How?

25 August 2017 Now it seems to be difficult.....because right now you are under composition, so no question of ITC.
You can take registration simultaneously....as of today also....but then for that also you wont be able to get ITC.....

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Querist : Anonymous

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Querist : Anonymous (Querist)
25 August 2017 Ok.

Thanks Sir..

25 August 2017 you are most welcome......

01 October 2017 Opt out option for composition started.

01 October 2017 now the withdrawal link is activated.... you can go for it


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