Withdrawal from composition scheme
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 June 2018
Assessee paying tax under regular method, has due to mistake applied for composition from 01/03/2018.
He want to be regular tax payer by withdrawing from composition from 01/03/2018.
Is it possible. How to revoke composition from day of as composition dealer.
He want to be regular tax payer by withdrawing from composition from 01/03/2018.
Is it possible. How to revoke composition from day of as composition dealer.
CA Padmasri Manyam
(Expert)
05 June 2018
you can change to regular scheme but from previous date is not possible. You can be in regular scheme from the date you withdraw from composition scheme.
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