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of <h1>Taxpayer Can Exit Composition Levy Scheme with FORM GST CMP-04; Submit Stock Details in FORM GST ITC-01 Within 30 Days.</h1> A person paying tax under the composition levy can voluntarily withdraw from the scheme by submitting a signed or verified application using FORM GST CMP-04. Upon withdrawal, the individual must electronically submit a statement in FORM GST ITC-01, detailing the stock of inputs and inputs in semi-finished or finished goods held on the withdrawal date. This statement must be furnished within thirty days of the withdrawal.
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