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Issue ID: 112645
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Registration under Composition Scheme

Date 19 Aug 2017
Replies 3 Replies
Views 1702 Views
Composition scheme withdrawal requires filing FORM GST CMP-04 and furnishing ITC-01 with stock details within thirty days.
To withdraw from the composition scheme and adopt regular registration, a registered person must file a signed or verified application in FORM GST CMP-04 and electronically furnish FORM GST ITC-01 with details of inputs and inputs contained in semi finished or finished goods held in stock on the date of withdrawal within thirty days; availability of these forms on the GST portal may be pending. (AI Summary)

Dear Experts,

One Trader registered under GST composition scheme (quarterly return) and the turn over is below 75lacs

But the Trader wants to adopt Regular Scheme/Regular Business (Monthly Return) under GST.

How to process the same..

Is it possible to change over the same now...

Please guide on this....

Goods and Services Tax - GST
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