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Composition to Normal

01 August 2020

Respected Sir I applied for GST registration recently as a composition dealer but I want to deal with government work it is not possible under Composition dealer Can I change it composition to normal

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4 Replies

Pawan Vemula (284 Points)
Replied 01 August 2020

You Can Amend It With "Application For Withdraw Composition Levey" Under Registration Tab

Sagar Patel (Tax and Business Consultant) (11611 Points)
Replied 02 August 2020

Yes, You can change.

A composition tax payer who wants to become a regular tax payer should file an intimation for withdrawal from the composition scheme in Form GST CMP-04.

The person moving to the regular scheme has to furnish a statement in Form GST ITC-01 containing details of the stock of inputs, inputs in semi-finished or finished goods held on the day before the date on which he becomes liable to be a regular dealer. Furnishing of Form GST ITC-01 enables the dealer to claim ITC on inputs, inputs in semi-finished or finished goods and capital goods in stock when he/she becomes a regular dealer and it has to be furnished within 30 days after filing Form GST CMP-04.