Composition scheme option for provisional registrants with specified filing and ITC statement conditions; returns and form references amended. Substituted rule 3(3A) allows provisional or newly registered persons to opt into the composition scheme by filing FORM GST CMP-02 and to furnish FORM GST ITC-03 within ninety days of commencing composition, with a prohibition on filing FORM GST TRAN-1 after ITC-03; rule 62 proviso requires mid-quarter composition opt-ins to file FORM GSTR-4 for the period tax was paid and other applicable returns for the prior part of the quarter; invoicing and forms are amended including authorisation of an 'invoice-cum-bill of supply', replacement of 'tax invoice' with 'consolidated tax invoice', and revisions to GSTR-1, GSTR-1A and GSTR-4 table and instruction entries.
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 for provisional registrants with specified filing and ITC statement conditions; returns and form references amended.
Substituted rule 3(3A) allows provisional or newly registered persons to opt into the composition scheme by filing FORM GST CMP-02 and to furnish FORM GST ITC-03 within ninety days of commencing composition, with a prohibition on filing FORM GST TRAN-1 after ITC-03; rule 62 proviso requires mid-quarter composition opt-ins to file FORM GSTR-4 for the period tax was paid and other applicable returns for the prior part of the quarter; invoicing and forms are amended including authorisation of an "invoice-cum-bill of supply", replacement of "tax invoice" with "consolidated tax invoice", and revisions to GSTR-1, GSTR-1A and GSTR-4 table and instruction entries.
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 
