Composition scheme intimation required; electronic filing triggers ITC reconciliation and cumulative input tax credit adjustment in returns. Registered persons opting for the composition scheme must electronically file an intimation in FORM GST CMP-02, duly verified on the common portal by the prescribed deadline, and furnish FORM GST ITC-03 in accordance with rule 44 by the prescribed date; input tax credit conditions shall apply cumulatively across the specified months and the return in FORM GSTR-3B for the later tax period must include cumulative adjustment of input tax credit for those months.
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 intimation required; electronic filing triggers ITC reconciliation and cumulative input tax credit adjustment in returns.
Registered persons opting for the composition scheme must electronically file an intimation in FORM GST CMP-02, duly verified on the common portal by the prescribed deadline, and furnish FORM GST ITC-03 in accordance with rule 44 by the prescribed date; input tax credit conditions shall apply cumulatively across the specified months and the return in FORM GSTR-3B for the later tax period must include cumulative adjustment of input tax credit for those months.
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