composition to regular process

 Composition dealer to the regular one, certain rules need to be adhered to and compliance requirements that of a Regular Dealer need to be followed. One of the most important aspects that needs to be kept in mind is that Input Tax Credit can be availed.

A Composition Dealer becomes a regular dealer by the following ways:

1. Voluntary opting for Composition Scheme.
2. By enforcement of law when the aggregate turnover exceeds Rs. 75 lakhs.