Composition scheme option allowed for provisional registrants, with ITC-03 filing and limitations on TRAN-1 revisions. Persons provisionally registered or applying for registration may opt into the composition scheme from the first day of October by filing FORM GST CMP-02 and must furnish FORM GST ITC-03 within ninety days; filing TRAN-1 is disallowed after ITC-03. Registered persons who submitted TRAN-1 may revise it once within prescribed timelines or any Commissioner-approved extension. Rules also mandate quarterly performance reports, require principals to generate e-way bills for inter-State job-work consignments and for exempt persons transporting handicraft goods, and amend TRAN-1, GSTR-4 and EWB-01 form entries and notes.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Composition scheme option allowed for provisional registrants, with ITC-03 filing and limitations on TRAN-1 revisions.
Persons provisionally registered or applying for registration may opt into the composition scheme from the first day of October by filing FORM GST CMP-02 and must furnish FORM GST ITC-03 within ninety days; filing TRAN-1 is disallowed after ITC-03. Registered persons who submitted TRAN-1 may revise it once within prescribed timelines or any Commissioner-approved extension. Rules also mandate quarterly performance reports, require principals to generate e-way bills for inter-State job-work consignments and for exempt persons transporting handicraft goods, and amend TRAN-1, GSTR-4 and EWB-01 form entries and notes.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.