GST rules amendment permits opting into composition scheme and issuing invoice cum bill of supply for mixed supplies. A proviso to rule 3 permits provisionally registered persons and those registered under rule 10(1) to opt into the composition scheme by filing FORM GST CMP-02 on or before 31 March 2018 and to begin paying tax under section 10 from the first day of the month following such intimation; they must furnish FORM GST ITC-03 within ninety days of commencing composition and are prevented from filing FORM GST TRAN-1 after ITC-03 is furnished. The rules also authorize a single invoice-cum-bill of supply for mixed taxable and exempt supplies to unregistered persons and amend invoicing, return and form provisions accordingly.
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.
GST rules amendment permits opting into composition scheme and issuing invoice cum bill of supply for mixed supplies.
A proviso to rule 3 permits provisionally registered persons and those registered under rule 10(1) to opt into the composition scheme by filing FORM GST CMP-02 on or before 31 March 2018 and to begin paying tax under section 10 from the first day of the month following such intimation; they must furnish FORM GST ITC-03 within ninety days of commencing composition and are prevented from filing FORM GST TRAN-1 after ITC-03 is furnished. The rules also authorize a single invoice-cum-bill of supply for mixed taxable and exempt supplies to unregistered persons and amend invoicing, return and form provisions accordingly.
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 
