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Gst registration

Registration 165 views 3 replies

My client opted for normal Scheme (GST) and applied for it. Now he wants to shift to  Composition Scheme  (GST) from Normal GST  scheme. how can he do so..? Is there any procedure for that ????  

 

Replies (3)
I guess first he should be below the threshold limit of turnover of Rs 75 lakhs.
And he should not be a Service provider
He shall not do any interstate sale

Then he should cancel his normal registration and then apply for registration under composition scheme. But all your input tax credit may vanish if you opt for composition scheme.
closing stock itc will be revercea
reverced


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