GST cancelled by suo motto on 31 July 2019.
1)Is it possible to revoke by filing the pending returns up to Q1 of FY2019-20?
2) After revoking can we move from composition to regular now or wait till April 2021?
3)What is composition 6% GST?
4)Is it eligible for service provider (flex and poster printing service)?
If the GST has been cancelled Suo Moto by Officer due to non filing of returns.. You should First File the Pending Returns upto date and than apply to officer for revocation.
in case it is not possible to file pending returns due to suspension of GST registration.. You may first request the officer to revoke the cancellation and file the returns upto date..
You can move from Composition to Regular in between the year by filing CMP 04 and if you also have ITC than you can also file ITC 01.
Composition 6% is basically a Concessional Tax Rate Rate Scheme..
Composition Scheme was for Manufacture, Trader, Restaurant Service provided. Hence many Small Business specially Service providers were ineligible for Composition. So Govt introduced Concessional Tax Rate Scheme 6% for those person..
one of the Condition for Concessional Tax Rate Scheme is that a person should be ineligible for Composition scheme than only he can apply for Concessional Scheme..
hence if you are eligible for Composition Scheme you cannot opt for Concessional Rate Tax Scheme irrespective of you opted for Composition or not.
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