Composition scheme option permits provisional or registered persons to opt, file CMP-02 and adjust return and invoice obligations accordingly Registered persons with provisional or regular registration may opt into the Composition Scheme by filing FORM GST CMP-02 and must furnish FORM GST ITC-03 within ninety days of commencing composition payments; furnishing ITC-03 precludes filing FORM GST TRAN-1. A single invoice-cum-bill of supply is permitted for mixed taxable and exempt supplies to unregistered persons, and consolidated tax invoicing for monthly service supplies is authorized. Quarterly return obligations are adjusted for mid-quarter composition opt-ins and GSTR form tables for zero-rated and SEZ/ deemed export supplies are revised.
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 permits provisional or registered persons to opt, file CMP-02 and adjust return and invoice obligations accordingly
Registered persons with provisional or regular registration may opt into the Composition Scheme by filing FORM GST CMP-02 and must furnish FORM GST ITC-03 within ninety days of commencing composition payments; furnishing ITC-03 precludes filing FORM GST TRAN-1. A single invoice-cum-bill of supply is permitted for mixed taxable and exempt supplies to unregistered persons, and consolidated tax invoicing for monthly service supplies is authorized. Quarterly return obligations are adjusted for mid-quarter composition opt-ins and GSTR form tables for zero-rated and SEZ/ deemed export supplies are revised.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
