Denial of composition option may be applied retrospectively and triggers normal tax liability and recovery proceedings. Withdrawal from the composition scheme takes effect from the date indicated in FORM GST CMP-04, not earlier than the start of the financial year of filing; contraventions may trigger recovery of tax, interest and penalty. Denial of the composition option follows issuance of FORM GST CMP-05, reply in FORM GST CMP-06, and an order in FORM GST CMP-07 within thirty days, and may be effective from a date, including retrospective, no earlier than the date of contravention; tax liability and input credit adjustments follow the order.
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.
Denial of composition option may be applied retrospectively and triggers normal tax liability and recovery proceedings.
Withdrawal from the composition scheme takes effect from the date indicated in FORM GST CMP-04, not earlier than the start of the financial year of filing; contraventions may trigger recovery of tax, interest and penalty. Denial of the composition option follows issuance of FORM GST CMP-05, reply in FORM GST CMP-06, and an order in FORM GST CMP-07 within thirty days, and may be effective from a date, including retrospective, no earlier than the date of contravention; tax liability and input credit adjustments follow the order.
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