https://www.taxtmi.com/news?id=17770 The composition levy is elected by electronic intimation (FORM GST CMP-01, CMP-02 or Part B of REG-01) with required stock and inward-supply disclosures (FORM GST CMP-03, ITC-3). Effectiveness of the option depends on filing timing; one PAN-wide intimation covers all business locations. Eligibility excludes casual and non-resident taxpayers, restricts certain sourced stocks, requires tax on supplies from unregistered persons, mandates status display on bills and premises, and prescribes withdrawal, show cause and stock-declaration procedures (CMP-04 to CMP-07 and ITC-01). en-us Sun, 02 Apr 2017 20:00:59 +0530 Wed, 11 Feb 2026 15:56:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=17770 The composition levy is elected by electronic intimation (FORM GST CMP-01, CMP-02 or Part B of REG-01) with required stock and inward-supply disclosures (FORM GST CMP-03, ITC-3). Effectiveness of the option depends on filing timing; one PAN-wide intimation covers all business locations. Eligibility excludes casual and non-resident taxpayers, restricts certain sourced stocks, requires tax on supplies from unregistered persons, mandates status display on bills and premises, and prescribes withdrawal, show cause and stock-declaration procedures (CMP-04 to CMP-07 and ITC-01). News - Sun, 02 Apr 2017 20:00:59 +0530 https://www.taxtmi.com/news?id=17770