Composition scheme option allowed with portal intimation and ITC 03 filing; TRAN 1 declaration barred thereafter for eligible registrants. Substitutes rule 3(3A) to permit provisionally or newly registered persons to opt into the composition scheme by filing FORM GST CMP-02 on the portal and to furnish FORM GST ITC-03 within ninety days of commencing composition; once ITC-03 is furnished the person is barred from subsequently filing FORM GST TRAN-1. Also introduces an invoice cum bill of supply for mixed supplies to unregistered persons, mandates consolidated tax invoices for monthly service supplies, and imposes mid quarter GSTR 4 filing rules for those opting into composition.
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 with portal intimation and ITC 03 filing; TRAN 1 declaration barred thereafter for eligible registrants.
Substitutes rule 3(3A) to permit provisionally or newly registered persons to opt into the composition scheme by filing FORM GST CMP-02 on the portal and to furnish FORM GST ITC-03 within ninety days of commencing composition; once ITC-03 is furnished the person is barred from subsequently filing FORM GST TRAN-1. Also introduces an invoice cum bill of supply for mixed supplies to unregistered persons, mandates consolidated tax invoices for monthly service supplies, and imposes mid quarter GSTR 4 filing rules for those opting into composition.
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 
