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Once opted for composition, can an assessee get into regular scheme of GST

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Not Yet
87 Points Posted on 26 July 2017
My client opted for Composition Scheme and applied for it. Now he wants to shift to regular scheme of GsT from composition scheme. how can he do so..??? Is there any procedure for that?
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On 26 July 2017 at 20:43 Report
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41 Points Posted on 26 July 2017
you can opt for cancellation of composition scheme in form GST CMP 04 in gst portal.
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On 26 July 2017 at 20:53
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Proprietor
4869 Points Posted on 26 July 2017
yes u can withdraw from composition anytime
18 Reply
On 26 July 2017 at 21:05
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Chartered Accountant
86505 Points Posted on 26 July 2017
Yes you can withdraw.
814 Reply
On 26 July 2017 at 21:57
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4 Points Posted on 26 July 2017
yes he can but there is not any form in gst portal yet
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On 26 July 2017 at 22:38
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Partner
26 Points Posted on 26 July 2017
Yes he can , even he is eligible to take credit of Gst on stock in hand
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On 26 July 2017 at 23:06
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Partner
26 Points Posted on 26 July 2017
Yes he can , even he is eligible to take credit of Gst on stock in hand
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On 26 July 2017 at 23:06
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Chartered Accountant
86505 Points Posted on 26 July 2017
Withdrawal facility will start soon.
814 Reply
On 26 July 2017 at 23:18
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student
164 Points Posted on 27 July 2017
if the person wanna shift from composition scheme to regular scheme he can do ! but when he wanna convert again to composition scheme
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On 27 July 2017 at 00:06
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student
164 Points Posted on 27 July 2017
if the person wanna shift from composition scheme to regular scheme he can do ! but when he wanna convert again to composition scheme after completion of the FY and he should not without any stock and also should not have any inter state sale ....
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On 27 July 2017 at 00:07
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Deputy Finance Manager
1136 Points Posted on 27 July 2017
yes u can withdraw from composition anytime, Withdrawal facility will start soon.
2 Reply
On 27 July 2017 at 09:17
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ca
359 Points Posted on 27 July 2017

if your turnover has been crossed as prescried by the act you  can automatically convert 

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On 27 July 2017 at 19:28


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