Composition Scheme

Can a person opt for composition scheme if he fails to mention the same during registration?
Yes. He can opt for composition scheme provided he opts the same before filing the first return
Mon, 21 Mar, 2022 at 10:09 PM
Can a person opting composition scheme issue invoice
No. The person opting composition scheme can only issue Bill of supply.
Mon, 21 Mar, 2022 at 10:10 PM
Can a person opting composition scheme take ITC for a purchase from another composition dealer?
No. As the composition dealer does not collect GST in the first place, ITC for the same cannot be taken
Mon, 21 Mar, 2022 at 10:10 PM
Can a person opting composition scheme withdraw from the scheme voluntarily
Yes. The person opting composition scheme can withdraw from the scheme voluntarily. The ITC of the existing closing stock shall be availed by him as per Sec...
Mon, 21 Mar, 2022 at 10:11 PM