Composition levy under GST requires timely electronic intimation, stock disclosure, and prescribed form filings for registered persons opting in. Composition levy under GST is activated through prescribed electronic intimations in the specified forms by different categories of registered persons. A provisional registrant opting for composition tax must file FORM GST CMP-01 before the appointed day or within the permitted post-appointed-day period, and late filing bars collection of tax from that day and requires supplies to be made on a bill of supply. An applicant for registration may indicate the option in Part B of FORM GST REG-01, which is treated as an intimation for composition levy. A registered person must file FORM GST CMP-02 before the financial year begins, furnish FORM GST ITC-03 within the prescribed period, and report stock in FORM GST CMP-03.
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 under GST requires timely electronic intimation, stock disclosure, and prescribed form filings for registered persons opting in.
Composition levy under GST is activated through prescribed electronic intimations in the specified forms by different categories of registered persons. A provisional registrant opting for composition tax must file FORM GST CMP-01 before the appointed day or within the permitted post-appointed-day period, and late filing bars collection of tax from that day and requires supplies to be made on a bill of supply. An applicant for registration may indicate the option in Part B of FORM GST REG-01, which is treated as an intimation for composition levy. A registered person must file FORM GST CMP-02 before the financial year begins, furnish FORM GST ITC-03 within the prescribed period, and report stock in FORM GST CMP-03.
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