GST no surrender under Composition Scheme

You cannot surrender your GST registration if your aggregate turnover has exceeded 20 /10 lakhs,

Yes you can surrender by filing application of cancellation. but from 1st april 2019.

It is Logical to sae that composition Dealer has not claimed itc on stock then why you will REQUIRED to reverse it.

Are you closing the business?

Is your business turnover is below 20 lakhs?

turnover is below 40 lakhs .... business is not closed

As per section 29(1)(c), in case you are not a person registered under section 25 subsection 3 and now you are no longer liable to be registered under section 22 or section 24 then you can cancel the registration.

so I think you can cancel your registration.

As per Rule 20 of CGST Act , : Yes , you can surrender your Registration , you have file GST Reg 16 online on Portal .
Therein it will ask you for the closing stock details have to deposit the tax on same .

Yes I agree with Mr Pritesh , logically composition dealer need not reguired to pay tax on stock , But it will be not allow you cancel your registration unless the tax is deposited on stock declared

I do agree about 40 lakhs limit (for pure goods supply only), but would like to warn to check for no taxable service supply along with it. If any single taxable supply of any services along with the goods, the exemption limit remains 20 lakhs!!

Yes correct Mr. Dhirajlal Ji, the limit of 40lac is only for Goods Only

Yes, that is the practical difficulty faced by most of the dealers, who have crossed 20 lakhs aggregate turnover, should deal only in goods; but should not have single taxable 'Service' supply.

As wrongly opting 40 lakhs limit would trap you in more difficult situation in future...

my client opt 40 lac limit and cancel its gst registration but as  ON 27 MAR 2019 ie before 1 april what is the concequences

when you cancel registration ..any tax amount paid...???