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 ????
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Gst registration
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.
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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