At times, you can select the wrong taxpayer type while applying for GST registration. Although this doesn't happen to everyone, it is a very common mistake. If by mistake you have selected the wrong taxpayer, you will not be able to file taxes. So, let me tell you how can you change taxpayer type in GST.
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You need to visit the GST portal to change taxpayer in GST.
The first scenario would be: Changing taxpayer from Regular to CompositionYou can change regular to composition taxpayer type by going to services > Registration> Application to Opt for Composition Levy. This will change your existing taxpayer type easily.
The scenario would be: Changing taxpayer from Composition to RegularTo change from composite to regular go to services > Registration> Application for Withdrawal from Composition Levy.
You won't be able to find any modifications on other types of fields as of now. So, as a taxpayer, you have to apply for cancellation of registration and apply for fresh registration for a new type of registration. Before applying for a changing taxpayer carefully look at all the returns related to the type of registration you obtained.
I hope you understand the process of changing taxpayer type in GST.
Read more:
What is
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How to reverse excess ITC claimed in GSTR 3B?
When cess is applicable in GST?
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Authors Of The Question
How to change taxpayer type in GST?
Amish
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1 Answers
2 Year
2022-08-29T10:44:54+00:00 2022-08-29T10:44:55+00:00Comment
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