GST Composition Scheme

I have not filed any GST returns for the past 2 financial years and my registration is lying under Composition Scheme from some time. How do I opt out?

Thanks!

Hey @Shweta_Saini

You can opt out of Composition Scheme from your account on GST Portal. Once the taxpayer type is updated to Regular in your profile, you can start filing GST Returns under the regular scheme. If you are facing any issues while making the withdrawal application, you can create a grievance on the GST Portal.

Do let us know if you have any further queries.

I want to be able to claim input tax credit for GST paid. Should I opt for the GST composition scheme or regular scheme?

Hey @Joe_Fernandes

If you wish you claim Input tax credit, you should opt for GST Regular Scheme.

Read more about the difference here.