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How to opt out from composition scheme

Navin Dedhia (Proprietor) (94 Points)

15 September 2017

Respected Sir/Madam

I have mistakenly Opted In Composition Scheme For F.Y. 2017-2018.

What is the procedure to Opt Out from Composition Schme under GST for F.Y. 2017-18 ??

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6 Replies

RAJA P M ("Do the Right Thing...!!!") (128101 Points)
Replied 15 September 2017

Yes.

You can opt out from composition scheme to Regular dealer at any time before the quarter...
Just you can use the option of "opt out composition scheme".

But, Now the option is not available. You can wait for Opening of Amendment section and you ll make changes....

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Navin Dedhia (Proprietor) (94 Points)
Replied 15 September 2017

Thank you, So I can pay GST as a Regular Tax Payer??

RAVI (PROF) (22 Points)
Replied 15 September 2017

not now... after amendment..

venkateswararao (paid assistant) (132 Points)
Replied 15 September 2017

you apply for fresh registration and carry business and you can cancel previous one later

RAJA P M ("Do the Right Thing...!!!") (128101 Points)
Replied 15 September 2017

Originally posted by : Navin Dedhia
	Thank you, So I can pay GST as a Regular Tax Payer??

No....

Now you are a Composition dealer as per GST portal. So, You can follow Composition rule. After amend your registration and Its confirmed then only you can go Regular...!