Denial of composition option: effective date rules clarified, allowing retrospective denial from the date of contravention. Rule 6 prescribes procedures for voluntary withdrawal (FORM GST CMP-04) and for administrative denial (notice, reply and order in CMP forms). Voluntary withdrawal takes effect from the date stated in the CMP-04 (not earlier than the financial year start); administrative denial may be effective from a date determined by authorities, including retrospective dates not earlier than the date of contravention. Tax, interest and penalty recovery proceedings cover the period from the date of contravention to the date of the denial order, and input tax credit on stock and capital goods is governed by the statutory credit provisions as of the day before the denial order.
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Provisions expressly mentioned in the judgment/order text.
Denial of composition option: effective date rules clarified, allowing retrospective denial from the date of contravention.
Rule 6 prescribes procedures for voluntary withdrawal (FORM GST CMP-04) and for administrative denial (notice, reply and order in CMP forms). Voluntary withdrawal takes effect from the date stated in the CMP-04 (not earlier than the financial year start); administrative denial may be effective from a date determined by authorities, including retrospective dates not earlier than the date of contravention. Tax, interest and penalty recovery proceedings cover the period from the date of contravention to the date of the denial order, and input tax credit on stock and capital goods is governed by the statutory credit provisions as of the day before the denial order.
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