Composition scheme intimation required electronically, with cumulative input-tax-credit adjustments reflected in the subsequent return. Registered persons opting for the composition scheme for 2020-21 must electronically file FORM GST CMP-02 (signed or verified via electronic verification code) on the common portal or through a notified Facilitation Centre by the prescribed cut-off and furnish FORM GST ITC-03 as required by rule 44(4) by the stated deadline. The condition on input tax credit shall apply cumulatively for February-August 2020, and FORM GSTR-3B for September 2020 must include the cumulative input tax credit adjustments for those months.
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Provisions expressly mentioned in the judgment/order text.
Composition scheme intimation required electronically, with cumulative input-tax-credit adjustments reflected in the subsequent return.
Registered persons opting for the composition scheme for 2020-21 must electronically file FORM GST CMP-02 (signed or verified via electronic verification code) on the common portal or through a notified Facilitation Centre by the prescribed cut-off and furnish FORM GST ITC-03 as required by rule 44(4) by the stated deadline. The condition on input tax credit shall apply cumulatively for February-August 2020, and FORM GSTR-3B for September 2020 must include the cumulative input tax credit adjustments for those months.
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