Composition levy rates amended; companies allowed EVC verification for returns and Nil filings may be submitted via SMS OTP. The amendment replaces the Rule 7 composition levy table to set revised composition rates for manufacturers, certain Schedule II suppliers, other eligible suppliers and persons opting under sub-section (2A) of section 10. It allows companies to verify and furnish FORM GSTR-3B and FORM GSTR-1 using an Electronic Verification Code during specified periods. It also inserts Rule 67A permitting Nil returns or Nil outward-supply details to be furnished and verified via SMS using the registered mobile number and a mobile-based One Time Password.
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Composition levy rates amended; companies allowed EVC verification for returns and Nil filings may be submitted via SMS OTP.
The amendment replaces the Rule 7 composition levy table to set revised composition rates for manufacturers, certain Schedule II suppliers, other eligible suppliers and persons opting under sub-section (2A) of section 10. It allows companies to verify and furnish FORM GSTR-3B and FORM GSTR-1 using an Electronic Verification Code during specified periods. It also inserts Rule 67A permitting Nil returns or Nil outward-supply details to be furnished and verified via SMS using the registered mobile number and a mobile-based One Time Password.
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