Composition scheme option permits electronic intimation and ITC filing; TRAN-1 declaration disallowed thereafter. Persons granted provisional registration or who applied for registration may opt into the composition scheme by electronically filing FORM GST CMP-02 and must furnish FORM GST ITC-03 within ninety days; after furnishing ITC-03 they are prohibited from filing FORM GST TRAN-1. A new rule permits a one-time revision of declarations submitted in FORM GST TRAN-1 within applicable time limits. E-way bill rules require principals to generate e-way bills for inter-state job-work consignments and exempt persons to generate e-way bills for handicraft goods; various form headings and instructions are amended.
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.
Persons granted provisional registration or who applied for registration may opt into the composition scheme by electronically filing FORM GST CMP-02 and must furnish FORM GST ITC-03 within ninety days; after furnishing ITC-03 they are prohibited from filing FORM GST TRAN-1. A new rule permits a one-time revision of declarations submitted in FORM GST TRAN-1 within applicable time limits. E-way bill rules require principals to generate e-way bills for inter-state job-work consignments and exempt persons to generate e-way bills for handicraft goods; various form headings and instructions are amended.
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 
