wrong composition
Query (Issue) Started By: – jeeshan ali Dated:- 14-12-2018 Last Reply Date:- 14-12-2018 Goods and Services Tax – GST
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GST
one of my client has switched from regular to composition w.e.f. 1/8/2017 by filing CMP 02 while his CA has not filed ITC 03 and his composition levy was invalid because of his aggregate turnover of the preceding FY which was 103 lakhs. And now he filed only two quarters returns from july 17 to dec 17. while his turnover for the FY 17-18 was 120 lakh as per tax audit report and on which his VAT turnover was 65 lakh and GST turnover was 55 lakhs.
Now please suggest me what should I do? As per my opinion now switching from composition to regular is the best option for him.
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