Agriculture

For taking the benefits of Sec 10, you have to the restrictions mentioned there in like wise your  Turnover should be with  in specified limit (presently it is 1.5 Cr) and you are not allowed to make Interstate Supply though you may purchase..like this they go.

If you satisfy all these you can go for it.

Also you have mentioned that you are already registered.If in this case if you are in regular dealer at present there is a form under series of CMP to submit online to opt for composition scheme in which you will be prompted to mention your closing stock details as on the date of conversion

If you are a composition dealer , you cannot avail ITC.

Also you cannot collect tax on any kind of supply.' Composition dealer-not liable to collect tax'.This matter should be displayed on Board at your premises.

You can not issue tax invoices.But only 'Bill of Supply"

OK got it

If you are a trade dealer in Seeds , your Income shall not be Agricultural Income.

Henceforth not exempted U/s 10(1).

Haven’t filed I.T.R even for 1 year?