One of my friend is running a restaurant. He opted for 5% GST without availing ITC. His turnover has crossed 1.5 crores in October 22 itself, but he noticed it now only. Can he continue under the same scheme for this FY ? What should he do now ? Pls. advice.
29 January 2023
If the registration is under composition scheme, you need to convert it to normal scheme; otherwise he can continue it without any change..
CAclubindia
