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Conversion from regular gst registration to composition scheme

Registration 233 views 1 replies

Dhruv Jain

Practicioner

208 Points Joined August 2014

If I want to convert from regular to composition scheme during the year the option for the same i.e Application to opt for Composition Levy has been disabled for now for the FY 2018-19.

Can Anyone tell me whether the conversion to composition scheme under GST can be made only from the start of the FY or it can be done during the FY.

Replies (1)

pritesh

CA Final student

7101 Points Joined April 2018

To opt in for composition scheme a taxpayer has to file Form GST CMP-01 or GST CMP-02 with the government. This can be done online after logging into the GST Portal. This intimation should be given at the beginning of every Financial Year by a dealer wanting to opt for Composition Scheme.