If anyone applied for GST Registration by mistake as normal tax payer instead of Composition scheme. What is the remedy for it? can he change the same after submission for registration?
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Quick Summary
If you've mistakenly registered for GST as a normal taxpayer instead of opting for the Composition scheme, there are a few remedies. While you cannot directly change the application after submission, you can request its rejection from your jurisdiction and reapply with a new mobile number and email. Alternatively, you can convert to the Composition scheme at the beginning of the financial year by filing Form GST ITC-03 to declare input tax credit reversal.
No it cannot be changed now. But can visit to your jurisdiction & ask for reject the application. With fresh mobile no. & Email ID can be applied again .
The person opting to switch over has to deposit the input tax credit in form gst itc 03 which is a declaration for intimation of itc reversal/payment of tax on inputs held in stock,semi finished state within a period of sixty days.
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