Composition levy opt-in procedure: electronic intimation and prescribed forms determine eligibility and compliance rules. Opting into the composition levy requires electronic intimation: provisional registrants file FORM GST CMP-01 (or indicate option in Part B of FORM GST REG-01), registered persons file FORM GST CMP-02 before the financial year and furnish FORM GST ITC-03 within the prescribed period, and persons exercising the option must submit stock and inward supply details in FORM GST CMP-03; an intimation for one place of business is deemed to apply to all places under the same PAN.
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Composition levy opt-in procedure: electronic intimation and prescribed forms determine eligibility and compliance rules.
Opting into the composition levy requires electronic intimation: provisional registrants file FORM GST CMP-01 (or indicate option in Part B of FORM GST REG-01), registered persons file FORM GST CMP-02 before the financial year and furnish FORM GST ITC-03 within the prescribed period, and persons exercising the option must submit stock and inward supply details in FORM GST CMP-03; an intimation for one place of business is deemed to apply to all places under the same PAN.
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