Composition scheme opt-in deadline clarified: works contract dealers must file Form WC01 within thirty days from financial year start. Eligible works contract dealers who paid tax under the general tax provision in the preceding year, and dealers under the earlier composition arrangement, may opt into the new composition scheme by filing an application in Form WC 01 within thirty days from the first day of the financial year for which composition is opted.
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Provisions expressly mentioned in the judgment/order text.
Composition scheme opt-in deadline clarified: works contract dealers must file Form WC01 within thirty days from financial year start.
Eligible works contract dealers who paid tax under the general tax provision in the preceding year, and dealers under the earlier composition arrangement, may opt into the new composition scheme by filing an application in Form WC 01 within thirty days from the first day of the financial year for which composition is opted.
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