I opted GST Regular instead Composition scheme by mistake. The GST no. is issued. Now I want to convert it from Regular to Composition scheme. Please guide.
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I opted gst regular instead composition scheme by mistake, can it be converted, if yes how ?
Replies (1)
Not eligible now. A taxpayer has to decide at the beginning of the financial year or at the time of registration, whether he wants to opt for compositions scheme or not. A taxpayer cannot opt for composition scheme at any time during the year. Now, file declaration in March 2020, for next FY.
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