Dear experts,
Registration has been taken under Composition Scheme which is not suitable for business now.
Now we want to opt out from Composition scheme to Regular but the same has not available on portal.
Can the same Registration be surrender and apply New Registration for Regular scheme as the business is going to halt....
Please suggest...
GST Portal Transition: Composition to Regular Scheme Withdrawal Available from April 1, 2018; Technical Issues Persist A user inquired about transitioning from the GST Composition Scheme to a Regular Scheme due to business needs. They noted that the portal does not currently allow this change. One expert advised that the option to withdraw from the Composition Scheme would be available from April 1, 2018. Other experts confirmed this view, while one mentioned the possibility of surrendering the current registration and applying for a new one under the Regular Scheme. Another expert highlighted technical issues with the GST portal and suggested waiting for potential extensions or improvements. (AI Summary)
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