OPT FOR COMPOSITION.
This query is : Resolved
Sanjay H G
(Querist)
19 January 2023
Hi,
Dear Sir/Madam,
One of my client has running Private Limited Company and Registered under ROC and GST also
Business - Service Provided
He is already registered under GST & Rate- 18% Monthly Filing basis
But Business will be less than 20,00,000 per annum
Now can I Opt for Composition Scheme from Regular ??
Please suggest me.
Thanks & Regards
Sanjay
99 6460 6463
sssanjayhg@gmail.com
Dear Sir/Madam,
One of my client has running Private Limited Company and Registered under ROC and GST also
Business - Service Provided
He is already registered under GST & Rate- 18% Monthly Filing basis
But Business will be less than 20,00,000 per annum
Now can I Opt for Composition Scheme from Regular ??
Please suggest me.
Thanks & Regards
Sanjay
99 6460 6463
sssanjayhg@gmail.com
CA R SEETHARAMAN
(Expert)
20 January 2023
Yes, opt for composition scheme before 31st March. 50 lacs is the limit for services.
For less than 20 lacs turnover you can opt out of GST.
For less than 20 lacs turnover you can opt out of GST.
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