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6% composition scheme

Others 294 views 3 replies

I am a trader opting composition tax 1%. Now I changed my business, started providing service. So

from April 19 - June 19 shall I pay 6% tax on CMP 08 simply or I need to intimate dept to this effect or

something else , plz guide me.

Replies (3)
As .per Notification 2/2019 CT (R) the person paying tax u/s 10 cannot opt for the the scheme to pay Tax @ 6%

Hence if you are already registered under Composition scheme cannot opt for the same

Now what to do ? Shall I surrender my existing registration and take fresh one with 6% composition ?

Yes .... correct surrender the existing GSTn &. apply for new under 6% composition .

Pls make sure that your Aggregate turnover in preceding FY is below 50lac

It's better Refer the Notification 2/2019 CT (r) the eligibility prescribed for the same .


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