GST - Composition Rules - Draft Rules 31-3-2017

Composition levy procedures require electronic intimation, stock disclosures, eligibility compliance, and specified withdrawal processes. The composition levy is elected by electronic intimation (FORM GST CMP-01, CMP-02 or Part B of REG-01) with required stock and inward-supply disclosures (FORM GST CMP-03, ITC-3). Effectiveness of the option depends on filing timing; one PAN-wide intimation covers all business locations. Eligibility excludes casual and non-resident taxpayers, restricts certain sourced stocks, requires tax on supplies from unregistered persons, mandates status display on bills and premises, and prescribes withdrawal, show cause and stock-declaration procedures (CMP-04 to CMP-07 and ITC-01).