Tell which option is best composition scheme or other
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 August 2017
Dear Sir/Madam
i have migrated to gst and not opt the composition scheme , my annual sale is 40-50 lac
i am doing readymade garments business and most of the items of my shop comes under 12% gst.
Is it possible now to convert to composition scheme with the same gst no. and what is the procedure
i have migrated to gst and not opt the composition scheme , my annual sale is 40-50 lac
i am doing readymade garments business and most of the items of my shop comes under 12% gst.
Is it possible now to convert to composition scheme with the same gst no. and what is the procedure
CA. Vinodh Kothari
(Expert)
12 August 2017
If your customers are only end users and unregistered GST person then only it is advisible to opt compositon scheme else you can be in the regular scheme. Since your turnover is less than 75 Lakhs you can opt compositon dealer by filing Form CMP 1 before 16th Aug 2017.
VK
VK
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