Composition scheme option clarified: provisional and new registrants may opt in by filing the prescribed intimation, with specified filing consequences. Amendments clarify composition scheme opt-in: provisionally or newly registered persons may opt to pay tax under the composition scheme by filing FORM GST CMP-02 on the common portal, with composition effective from the first day of the month after intimation; they must furnish FORM GST ITC-03 within ninety days of commencing composition liability and, once ITC-03 is furnished, cannot file FORM GST TRAN-1.
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Composition scheme option clarified: provisional and new registrants may opt in by filing the prescribed intimation, with specified filing consequences.
Amendments clarify composition scheme opt-in: provisionally or newly registered persons may opt to pay tax under the composition scheme by filing FORM GST CMP-02 on the common portal, with composition effective from the first day of the month after intimation; they must furnish FORM GST ITC-03 within ninety days of commencing composition liability and, once ITC-03 is furnished, cannot file FORM GST TRAN-1.
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