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WHAT IS MEANT BY GST MODIFICATION?
Any change or alteration made within the GST Registration or the small print entered within the GST certificate is mentioned as GST modification. One may choose Amendment in GST Registration if he wishes from composite to normal scheme, or if there are mistakes in GST registration. to urge GST modification, you would like to file form GST REG 14.
WHAT WAS THE AMENDMENT MADE AS REGARDS GST MODIFICATION?
Since the start of the GST regime in 2017, the taxpayers could register under 2 schemes- normal scheme and composite scheme. One could also shift from normal to the composite scheme.
However, the govt had declared 31st March 2018 because the deadline to urge GST Registration under the composite scheme by filing Form GST CMP-02. Now, one can’t shift from normal to the composite scheme but can go vice-versa with a GST modification.