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continuation of composition scheme
Sir. For the taxpayers, who are under composition for the F.Y 2018-2019 , are also required to choose for the F.Y 2019-2020 again ? Or not necessary.
Replies (4)
No need...
You can continue without any applications (except if you reached the Turn Over limit)
You can continue without any applications (except if you reached the Turn Over limit)
No need to file any application
Once opting Composition Scheme existing until withdrawal from Composition.
As per sub rule (2) of Rule (5) of the CGST Rules 2017, persons who are paying tax under section 10 are not required to make a Fresh intimation every year to opt in the Scheme.
So in your case, no fresh intimation ( in FORM GST CMP-02 ) is required to opt for Composition Scheme for FY 2019-20 since you were already registered as a Composite Dealer in FY 2018-19.
Warm Regards.
So in your case, no fresh intimation ( in FORM GST CMP-02 ) is required to opt for Composition Scheme for FY 2019-20 since you were already registered as a Composite Dealer in FY 2018-19.
Warm Regards.
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