Answer

1. F

   Facts

   Once aggregate turnover crosses ₹1.5 crore during the year, the composition option lapses from that day. You file CMP-04 within 7 days and become a regular taxpayer.

2. P

   Provisions and law

   • Sec 10(1), CGST Act 2017A registered person with aggregate turnover up to the notified limit (₹1.5 crore, lower in special category States) may opt to pay tax at a fixed rate on turnover.
   • Rule 6, CGST Rules 2017Withdrawal from composition (CMP-04) and denial by the officer (CMP-05, CMP-07).
3. A

   Analysis

   File the last CMP-08 for the period up to the date of crossing, and then GSTR-1 and GSTR-3B from that date. You can claim ITC on stock held on that date through ITC-01 within 30 days. Change billing to tax invoices from the crossing date. Turnover for this test counts all GSTINs under the PAN.

4. C

   Conclusion

   1. 1Note the date turnover crossed ₹1.5 crore.
   2. 2File CMP-04 within 7 days.
   3. 3File CMP-08 for the period up to that date.
   4. 4File ITC-01 for stock within 30 days.
   5. 5Start tax invoices and regular returns.

General guidance from TaxSavvy’s library of money processes. Laws change; your Savvy confirms the answer on your exact case before anything is filed.