TaxTMI 
TaxTMI 
compostion scheme to regular in the middle of the year
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....ompostion scheme to regular in the middle of the year<br> Query (Issue) Started By: - Anurag Dhawan Dated:- 19-2-2025 Last Reply Date:- 20-2-2025 Goods and Services Tax - GST<br>Got 3 Replies<br>GST<b....
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....r>I am a composition dealer service provider nearing Gross turnover upto 50 lacs which i may achieve in the march month 1st week, i want to know how to file the return for the period Jan to Mar, can i....
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.... file a normal compostion dealrer return and from next year onwards i will switch over to regular tax scheme, or during this period also i have to pay full tax on turnover over and above 50 lacs kindl....
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....y advise Reply By KASTURI SETHI: The Reply: You will have to file both returns in a routine manner. For more details, peruse Section 18(1) (c) of CGST Act. Reply By Shilpi Jain: The Reply: T....
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....he moment you cross 50L you have to switch over to regular scheme. So invoices issued under regular scheme file as a regular taxpayer For invoices issued for the period prior to this file composition....
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.... taxpayer returns for Jan to Mar period. Reply By Shilpi Jain: The Reply: Ensure that when you switch over to regular tax scheme in this FY, you take the eligible credit if any in your stock.<br> Di....
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