Every tax administration tries to recover tax on time, fills the returns, and maintains records, invoices and other documents. But at times such elements can become challenging for a small business. Anyways, I will talk about how to change to composition scheme under GST.
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Go to the GST portal.
Log into Tax the taxpayer’s interface.
Go to Services > Registration > Application to Opt for Composition Levy.
Fill up the form as per the guidelines.
You need to file an application to opt for GST composition Levy in GST-CMP-02 at GST Portal prior to the financial year.
To withdraw from the composition scheme and become a regular tax payer there is a different process. Let me share with you how to change composition to regular scheme in GST.
How to change composition to regular scheme in GST?
Log in to the GST portal and fill in your credentials.
Navigate to Services > Registration > Application for Withdrawal from Composition Scheme.
In the application page select the appropriate date from the calendar and the date of withdrawal cannot be before the date on which Composition Levy was opted.
Choose the reason for withdrawal from the dropdown menu.
Click on the verification box and select Name of the Authorised Signatory, enter Place and click on Save.
Now submit the application.
Submit the EVC by entering the OTP.
You will see the status changing from ‘composition’ o ‘regular’.
This is the process of how to change composition to regular scheme in GST.
I hope you find the answer on how to change to composition scheme under GST informative.
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How to change to composition scheme under GST?
Vimal
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2022-10-03T00:01:26+00:00 2022-10-03T00:01:28+00:00Comment
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