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Composition scheme

All QuestionsCategory: GSTComposition scheme
Gaurav asked 3 months ago

Mam i have medicine shop.most of the medicines are taxable but some medicines are tax free.can i opt composition scheme.in last financial year my turnover was below 20 but this year this year it may cross in next one or two months should i opt in september or after crosing limit .is there any last date for new person to opt for composition.

1 Answers
Profile photo of S GuptaCA S Gupta Staff answered 3 months ago

After crossing the limit u are recomeded to register. because as soon as u register u are liable for paying taxes
For new registration there is no time limit for composition scheme