Business Nature Change

Ek Client jo As A Transport Agency Gst me registered hai aur Uski Return kaam nahi hone se Nil ki file ho rahi hai, Aise me Client apna Transportation band karke Chota Dhaba open karna chahta hai ... Kya Client ko naya registration lena hoga yaa pehle wale registration me hi amendment padega. Agar Client pehle wale me hi amendment daale toh kya Composition scheme avail kar sakta hai.
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Replies (3)
Quick Summary
A GST-registered transport agency wishes to close its operations and open a small dhaba. The query is whether a new GST registration is required or if the existing one can be amended. It's confirmed that the existing registration can be amended to reflect the new business nature. However, the client cannot opt for the composition scheme for the current financial year (2022-23) as the deadline has passed. The nature of business can be updated during the amendment process.

Amend the registration.

And make an application to opt for composition scheme

You can amend the old registration.

The client cannot opt for compositions scheme now for FY 2022-23 as the last date was 31st March 2022

 

At the time adding product or service descripttion, you may delete the nature of business and enter the latest business category through amendment of registration

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