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Regular to Composition scheme

mithun saha

sir/Madam

Please advice whether i can convert from Regular to Composition scheme now

regards

Mithun Saha

Conversion from Regular to Composition Scheme under GST Allowed Only at Start of New Financial Year A user inquired about converting from the Regular to the Composition scheme under the Goods and Services Tax (GST). Three responses were provided. The first response indicated that the conversion could occur in the next financial year. The second response confirmed that the transfer is not allowable within the current financial year. The third response agreed with the first, stating that the option must be exercised at the beginning of the financial year. (AI Summary)
Goods and Services Tax - GST
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KASTURI SETHI on Sep 13, 2017

Now from next financial year.

Himansu Sekhar on Sep 13, 2017

In this financial year the transfer is not allowable

Ganeshan Kalyani on Sep 13, 2017

The option has to be exercised at the beginning of the financial year. I agree with Sri Kasturi Sir's view. Thanks.

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