Composition to regular

Hi Dear
Agr kisi ko composition se regular me jana hai to kya kre gst registration dobara krre ya fir amendment kre plz tell me.
Replies (9)
Quick Summary
If you're looking to move from the GST composition scheme to the regular tax scheme, you need to file an intimation in Form GST CMP-04 online to withdraw from the composition scheme. Upon becoming a regular dealer, you can claim Input Tax Credit (ITC) on your closing stock of inputs, semi-finished, or finished goods, as well as capital goods. To do this, you must furnish a statement in Form GST ITC-01 within 30 days of filing Form GST CMP-04, detailing your stock on the day before you transition.

File an intimation in Form GST CMP-04 online.

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.
Can person claim ITC on closing stock, when he/she becomes convert to regular from composition?
Yes, Registered Person can claim ITC on inputs, inputs in semi-finished or finished goods and capital goods in stock when he/she becomes a regular dealer from composition.
There is any procedure, means any form to claim that
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.
Thanks..Mr. Sagar Patel
Most welcome 😊
Is composition tax payer liable to pay reverse charge on frieght
Yes, Composition taxpayer is also required to pay GST under Reverse charge as like Regular taxpayer on freight subject to exemption,
like if bill is less than 750/- than no RCM ect.

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