pls help regarding composition withdrawal process and where to submit documents
17 Replies
K V Madhan Mohan
(87 Points)
Replied 12 September 2017
once u opt for composition scheme you can withdrawal only after 1 year form the availment of such scheme
RAJA P M
("Do the Right Thing...!!!")
(128101 Points)
Replied 12 September 2017
@ Manoj.,
Yes. You can opt out from Composition Scheme at any time. You can use the option "Opt out Composition". Also you can change after opening of amendment section and You ll be file CMP-04 form...
GOOD LUCK
RAJA P M
("Do the Right Thing...!!!")
(128101 Points)
Replied 12 September 2017
You are Most welcome Dear...!
GOOD LUCK...
naveen khanna
(35 Points)
Replied 12 September 2017
but suppose xyx had opted for composition scheme but realized that he was not eligible for the same , what is he supposed to do
RAJA P M
("Do the Right Thing...!!!")
(128101 Points)
Replied 12 September 2017
| Originally posted by : naveen khanna | ||
 |
but suppose xyx had opted for composition scheme but realized that he was not eligible for the same , what is he supposed to do |  |
@ Manoj.,
Yes. You can opt out from Composition Scheme at any time. You can use the option "Opt out Composition". Also you can change after opening of amendment section and You ll be file CMP-04 form...
GOOD LUCK
Message Liked by (Total likes : 1)
Manoj ,
Ashish Kumar
(Accountants)
(32 Points)
Replied 12 September 2017
Can I change from composition scheme to regular ?
RAJA P M
("Do the Right Thing...!!!")
(128101 Points)
Replied 12 September 2017
@ Ashish.,
Above said reply is "Opt OUT from Composition Scheme"...
Opt out means, Change from Composition to Regular scheme....!
Above said reply is "Opt OUT from Composition Scheme"...
Opt out means, Change from Composition to Regular scheme....!
hitesh kansa
(article)
(34 Points)
Replied 13 September 2017
sir opt composition scheme wrongly by my staff at time of registration client give data for regular only after month July we come to knw that he has granted certificate as composition scheme now what we do bcz client already issue invoice with charging gst seperatly as he
hitesh kansa
(article)
(34 Points)
Replied 13 September 2017
how I deal this situation any mistake can be rectified within one month but we do not have correction widow as portal any idea
naveen khanna
(35 Points)
Replied 13 September 2017
any penalties for wrongly opting for composition scheme. what about missed dates for July payments
RAJA P M
("Do the Right Thing...!!!")
(128101 Points)
Replied 13 September 2017
@ Naveen,
No more penalties for opt composition if it's wrongly or Valundary. After opted system also take your GSTIN is composite. Your tax invoices can't support by the system...
No more penalties for opt composition if it's wrongly or Valundary. After opted system also take your GSTIN is composite. Your tax invoices can't support by the system...
RAJA P M
("Do the Right Thing...!!!")
(128101 Points)
Replied 13 September 2017
@ Hitesh.,
No way for your problem before opening of Amendment section. After opening you can "Opt Out" from composition scheme... Between time you can maintain as Composition dealer...
One more advise, You ll contact and pass your query to your Circle officer He can help you.
Go to immediately. He ll be defenietly help....
No way for your problem before opening of Amendment section. After opening you can "Opt Out" from composition scheme... Between time you can maintain as Composition dealer...
One more advise, You ll contact and pass your query to your Circle officer He can help you.
Go to immediately. He ll be defenietly help....
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