https://www.taxtmi.com/circulars?id=60840 Denial and withdrawal of the composition option determine when a registered person becomes liable to pay tax as a normal taxpayer. Withdrawal is effective from the date indicated in FORM GST CMP-04, not earlier than the financial year's commencement. Denial by tax authorities may be made effective retrospectively but not prior to the date of contravention; tax, interest and penalty proceedings must be initiated for the period from contravention to the denial order, and credit on stock and capital goods is subject to statutory rules as of the day before the denial order. en-us Tue, 01 Jan 2019 00:00:00 +0530 Wed, 08 May 2019 16:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=60840 Denial and withdrawal of the composition option determine when a registered person becomes liable to pay tax as a normal taxpayer. Withdrawal is effective from the date indicated in FORM GST CMP-04, not earlier than the financial year's commencement. Denial by tax authorities may be made effective retrospectively but not prior to the date of contravention; tax, interest and penalty proceedings must be initiated for the period from contravention to the denial order, and credit on stock and capital goods is subject to statutory rules as of the day before the denial order. Circulars GST - States Tue, 01 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/circulars?id=60840