Composition tax option by electronic intimation permits submission of prescribed forms and single revision of TRAN-1 declarations. Persons granted provisional registration or who have applied for registration may opt for composition levy from the first day of October, 2017 by electronically filing FORM GST CMP-02 and must furnish FORM GST ITC-03 within ninety days; furnishing ITC-03 precludes later submission of FORM GST TRAN-1. Registered persons who submitted FORM GST TRAN-1 may revise it once electronically within the prescribed period or any extension granted by the Commissioner.
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 tax option by electronic intimation permits submission of prescribed forms and single revision of TRAN-1 declarations.
Persons granted provisional registration or who have applied for registration may opt for composition levy from the first day of October, 2017 by electronically filing FORM GST CMP-02 and must furnish FORM GST ITC-03 within ninety days; furnishing ITC-03 precludes later submission of FORM GST TRAN-1. Registered persons who submitted FORM GST TRAN-1 may revise it once electronically within the prescribed period or any extension granted by the Commissioner.
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