Composition levy intimation: electronic filing and mandatory stock declaration govern eligibility and invoicing consequences. Requirements for opting into the composition levy include electronic intimation in prescribed forms on the Common Portal-FORM GST CMP-01 for provisional registrants or FORM GST CMP-02 for continuing registrants-signed or EVC-verified within specified pre- or post-effective timeframes; late intimation prohibits tax collection from the effective date and requires issuance of a bill of supply. Electing persons must also furnish FORM GST ITC-3 as applicable and electronically declare stock details including inward supplies from unregistered persons in FORM GST CMP-03 within sixty days of the option's effective date, with portal or Facilitation Centre filing and PAN-wide effect of any single-place intimation.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Composition levy intimation: electronic filing and mandatory stock declaration govern eligibility and invoicing consequences.
Requirements for opting into the composition levy include electronic intimation in prescribed forms on the Common Portal-FORM GST CMP-01 for provisional registrants or FORM GST CMP-02 for continuing registrants-signed or EVC-verified within specified pre- or post-effective timeframes; late intimation prohibits tax collection from the effective date and requires issuance of a bill of supply. Electing persons must also furnish FORM GST ITC-3 as applicable and electronically declare stock details including inward supplies from unregistered persons in FORM GST CMP-03 within sixty days of the option's effective date, with portal or Facilitation Centre filing and PAN-wide effect of any single-place intimation.
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