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of <h1>CGST Circular Clarifies Withdrawal and Denial of Composition Tax Option; Effective Date Rules Explained for Taxpayers and Authorities.</h1> The circular addresses the denial of the composition tax option under the Central Goods and Services Tax (CGST) framework. It clarifies that taxpayers can withdraw from the composition scheme by filing an application, effective from the indicated date, which cannot precede the financial year of filing. If tax authorities deny the option, the effective date of denial can be retrospective but not earlier than the contravention date. Taxpayers must pay tax as normal taxpayers from the denial date and comply with recovery proceedings for any contraventions. The circular also outlines procedural requirements for tax authorities and taxpayers regarding the composition scheme.
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