Composition scheme opt-in allows provisional registrants to elect composition tax by electronic intimation with restricted credit declaration. The amendment permits provisional registrants or applicants to opt into the composition scheme by filing FORM GST CMP-02 electronically and to furnish FORM GST ITC-03 within ninety days; furnishing ITC-03 prevents later submission of FORM GST TRAN-1. It also allows a one-time revision of TRAN-1 declarations, requires quarterly performance reports to the Council, mandates e-way bill generation by principals for inter-State job-work consignments and by exempt persons transporting handicraft goods, and updates GSTR-4, GST TRAN-1 and EWB-01 form entries and instructions.
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Provisions expressly mentioned in the judgment/order text.
Composition scheme opt-in allows provisional registrants to elect composition tax by electronic intimation with restricted credit declaration.
The amendment permits provisional registrants or applicants to opt into the composition scheme by filing FORM GST CMP-02 electronically and to furnish FORM GST ITC-03 within ninety days; furnishing ITC-03 prevents later submission of FORM GST TRAN-1. It also allows a one-time revision of TRAN-1 declarations, requires quarterly performance reports to the Council, mandates e-way bill generation by principals for inter-State job-work consignments and by exempt persons transporting handicraft goods, and updates GSTR-4, GST TRAN-1 and EWB-01 form entries and instructions.
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