Divya Shetty 21 September 2019
I m planning to opt out from composite GST to regular GST from 1st October.. then wats the procedure...
secondly after opting out from composite , in regular GST can I take input tax credit from april'19
Miss Mansi Bhojani (Practicing Chartered Accountant) 22 September 2019
A composition taxpayer opting out of scheme has to file an intimation of withdrawal under form GST CMP 04 and for the stock held to claim ITC later has to file intimation of stock under form GST ITC 01. Other conditions too apply.