Composition scheme opening stock statement requires disclosure of total stock value and purchase details before opting. Form SS 02 requires disclosure of opening stock on the first day of the year from which a dealer opts into the composition scheme, including TIN, business name and total stock value. It mandates a schedule of stock purchases with description, quantity, purchase value and tax payable (attachable as a table) and a dealer's certification that the particulars are true and supporting documents are in the dealer's possession and can be produced to the Value Added Tax Department on demand, together with signature, name, address, date and place.
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Provisions expressly mentioned in the judgment/order text.
Composition scheme opening stock statement requires disclosure of total stock value and purchase details before opting.
Form SS 02 requires disclosure of opening stock on the first day of the year from which a dealer opts into the composition scheme, including TIN, business name and total stock value. It mandates a schedule of stock purchases with description, quantity, purchase value and tax payable (attachable as a table) and a dealer's certification that the particulars are true and supporting documents are in the dealer's possession and can be produced to the Value Added Tax Department on demand, together with signature, name, address, date and place.
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