Menu
GST COMPOSITION SCHEME
Can I convert GST regular to composition scheme for financial year 2020-21 now?
Replies (2)
Quick Summary
No. Time limit was extended till 30 June 2020.
No Sir, the due date is gone. The due date to opt for Composition Scheme for FY 2020-21 was 30th June 2020 as per Notification No. 30/2020 - Central Tax, dated 03rd April 2020.
Usually you need to opt for Composition at the beginning of the Financial Year. But for FY 2020-21, a relaxation was provided to the taxpayers by extending the due date of opting for Composition Scheme from 31st March 2020 to 30th June 2020 due to the COVID-19 pandemic vide Notification No. 30/2020 - Central Tax, dated 03rd April 2020.
Usually you need to opt for Composition at the beginning of the Financial Year. But for FY 2020-21, a relaxation was provided to the taxpayers by extending the due date of opting for Composition Scheme from 31st March 2020 to 30th June 2020 due to the COVID-19 pandemic vide Notification No. 30/2020 - Central Tax, dated 03rd April 2020.
Recent Topics :
- Does AIS GST Purchase aggregate GSTR-2B expenses?
- Form 26A - System has encountered some technical p
- Tool to convert GST invoice PDFs into Excel —
- Revised or rectification or leave it?
- Private limited tax audit
- LTCG - SEC54
- Foreign remittance from our client for Co Working
- UDIN generation
- Reply plz guys
- Tax Deduction and Collection Account Number
Related Topics :
CAclubindia
