Composite to Regular Scheme Conversion

255 views 4 replies

Hi,

Firm was registered in the second quarter under composite scheme and bill raised to customer showing as total bill value. Filing done in composite scheme in 2nd and 3rd quarter, but customer is asking for their input credit, explained to the customer but not accepting. Hence, would like to change from Composite scheme to regular scheme. Is it possible to change from 2nd quarter in regular scheme and do revised return or else i can make changes only in 4th quarter. Please guide, what to do....

Regards,

Mallika.P

Replies (4)
In my view it's not possible to change the invoice for 2nd and 3rd quarter
Can opt out any time. necessary forms to be filled. can claim I t c on stock
No, you cannot take retrospective registration in GST. However, in your case if we presume that its possible then, your customer will have to pay for the gst amount in order to avail ITC, and the position for that customer remains same
No, you can't


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Related Topics
Loading
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
12 June 2026
Accounts & Taxation Executive

Winshine Financial Services

Mumbai

CA Inter

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details