Composition levy option clarified for eligible registered persons, including filing procedure, PAN-wide application, and effective date. Clarification is issued on the exercise of the option to pay State tax at the rate of three percent under Notification No. 281 dated 09 April 2019 for eligible registered persons. The option may be exercised by filing Form GST CMP-02 and Form GST ITC-03, or by indicating the option in Form GST REG-01 at the time of registration. The option applies to all places of business under the same PAN and takes effect from the commencement of the financial year or from the date of new registration.
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Composition levy option clarified for eligible registered persons, including filing procedure, PAN-wide application, and effective date.
Clarification is issued on the exercise of the option to pay State tax at the rate of three percent under Notification No. 281 dated 09 April 2019 for eligible registered persons. The option may be exercised by filing Form GST CMP-02 and Form GST ITC-03, or by indicating the option in Form GST REG-01 at the time of registration. The option applies to all places of business under the same PAN and takes effect from the commencement of the financial year or from the date of new registration.
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