If any businessman regitered dealer which is registered in previous now he want to take composite scheme in gst what is procedure. If he take migration as normal dealer
According to old accounting rule we were not able to change method during the year. At now we are in the middle of year, can it allow to us to go for composition? or from composition to credit dealer?
A dealer trading in textiles which was tax free in vat regime having turnover more than 75 lakh during previous year i.e. 2016-17. Now he is applying for registration under GST, can he opt for composition as a new dealer ? If yes then any liability on closing stock of textiles ? Considering new registration whether condition of preceeding year turnover is applicable to such dealer ? Please reply & clarify the issue