Hi Experts/Seniors,
We are small traders dealing with electrical items and supplying to verious Govt. Departments. We registered under VAT earlier, as you aware unless there is no registration, the Govt departements will never accept tenders and issue purchase orders.
Based on VAT, we had allotted & registered under GST accordingly. Though there is no necessary of registration as per GST turnover (i.e. below 20lakhs) clause/term, we had to register, becasue as explained above.
Now our question is, Can we modify our GST registration pattern to composition scheme(like TOT). (please note that our July'17 GST 3B; GSTR1 already filed)
If yes, kindly guide how to proceed.... and also please guide.... by doing this, will there be any effect on/for our business....
Request experts & seniours to please advice in this regard....
Thanks in advance!!
SSRI
CAclubindia
