Withdrawal from composition scheme: dealers must intimate using Form DM 02 and disclose input tax credit on opening stock. Form DM 02 requires a withdrawing drugs and medicine dealer to provide TIN, name, address, ward, effective withdrawal year, preceding-year turnover, ... Summary
Withdrawal from composition scheme: dealers must intimate using Form DM 02 and disclose input tax credit on opening stock.
Form DM 02 requires a withdrawing drugs and medicine dealer to provide TIN, name, address, ward, effective withdrawal year, preceding-year turnover, reasons for withdrawal and a schedule of input tax credit on opening stock with invoice details; the form must be signed by the applicant or authorised signatory and include a verification declaration with name, designation, place and date.
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