GST Composition scheme to Normal Scheme

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253 Points Posted on 08 July 2021
Hi,

We need to change from Composition Scheme to Normal Scheme.

We filed the returns till date CMP-8 of Qtr-1 of FY 2021-22

But, GSTR-4 is pending of FY 2019-20

Query: Composition to Normal Scheme
Registration will be approved by the Department?
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On 08 July 2021 at 07:17 Report
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Quick Summary
This discussion addresses the process of changing from the GST Composition Scheme to the Normal Scheme. It confirms that such a transition is possible, provided that any pending GSTR-4 returns are filed by the deadline. The advice also touches upon the reversal of Input Tax Credit (ITC) on closing stock, which should be accounted for in the next month's GSTR-3B filing.

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915 Points Posted on 08 July 2021
What ,reason not stated
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On 08 July 2021 at 13:19
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M Com FCS LLB M-AIMA
14046 Points Posted on 08 July 2021

Yes you can switch over to normal scheme but file your pending GSTR-4 on or before 31.7,21.

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On 08 July 2021 at 14:46
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915 Points Posted on 08 July 2021
Itc on cloing stock may b reversed in 3B of next month.
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On 08 July 2021 at 15:21

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