pls advice me that my composition turnover in 3qtr 21-22has almost cross the turnover limit under GST now it will automatically transfer to regular or i have fill some form. if yes when can i entered into composition back.
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Quick Summary
If your GST composition turnover for Q3 2021-22 has exceeded the limit, you won't automatically transfer to the regular scheme. You'll need to make an application to regularise your status. The discussion also touches on the possibility of re-entering the composition scheme later.