Change from composition to regular tax payer in GST

                  
                        Laaj Ganapathy
                      
                    watch_later 10/05/18
                  
I have a new gst registration n intend putting up my product on Amazon ...
Yet to start my business n opted for fulfillment by Amazon n they require the gst to be regular but my resistration was done as "composition" since it is a start up n expected income is below Rs 12 lakhs. 
How do i do the switch ??
HELP !!
Your expert opinion n suggestions will be greatly appreciated.

                    1 Response | Latest response: 11/05/18 | Sort by
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                                  GST Payer
                                
                              watch_later 11/05/18
                            
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You can change from composition to normal tax payer even if your turnover is below 12 lakh. Once changed you will get input credit of stock lying with you.
You need to apply for change in your GST portal after login.
Once changed you need to charge tax at normal rate.
To change from composition to normal scheme:
Login to your GST account
Click on Services
Click on Registration
Click on Intimation/Application for Withdrawal from Composition Levy
Fill the application and submit
You will be changed from composition to normal tax payer.
Fill form ITC-03 to claim input tax on closing stock as on date of opt out.

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Change from composition to regular tax payer in GST

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