https://www.taxtmi.com/news?id=23901 Opting into the Composition Scheme for FY 2021-22 requires eligible taxpayers to file FORM GST CMP-02 by the portal deadline to have the composition levy apply from the effective date; existing composition taxpayers need not reapply. Taxpayers switching from regular registration must file FORM GST ITC-03 to reverse ITC on stocks within sixty days. Eligibility is limited by aggregate turnover thresholds and supply type; inter-state suppliers, certain e-commerce supplies, and manufacturers of notified goods are excluded. en-us Thu, 25 Mar 2021 12:51:50 +0530 Thu, 25 Mar 2021 12:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=23901 Opting into the Composition Scheme for FY 2021-22 requires eligible taxpayers to file FORM GST CMP-02 by the portal deadline to have the composition levy apply from the effective date; existing composition taxpayers need not reapply. Taxpayers switching from regular registration must file FORM GST ITC-03 to reverse ITC on stocks within sixty days. Eligibility is limited by aggregate turnover thresholds and supply type; inter-state suppliers, certain e-commerce supplies, and manufacturers of notified goods are excluded. News - Thu, 25 Mar 2021 12:51:50 +0530 https://www.taxtmi.com/news?id=23901