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Cmp-03

SSG (1936 Points)

15 January 2018

What details need to provided in CMP-03 - goods purchase from within state or goods purchased from outside state, lying in stock on 30.06.2017? Please guide.

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Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (183108 Points)
Replied 16 January 2018

Total stock............ including purchased from out of state.......

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SSG (1936 Points)
Replied 16 January 2018

Anyone having form CMP-03 excel template, please email me at ssgca[attherate]outlook.com. Thanks.

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (183108 Points)
Replied 16 January 2018

Attached CMP 03....... excel (not sure about its working)

Attached File : 1648935 20180116112929 form gst cmp 03.xls downloaded: 179 times

SSG (1936 Points)
Replied 16 January 2018

Thank you Sir. But I am looking for the form CMP-03, that is downloaded from the taxpayer's account on gst portal.

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SSG (1936 Points)
Replied 16 January 2018

Sir, there is no column for CST paid on purchases done from outside state. So do we need to give it in VAT column? One of the conditions for being eligibile for composition scheme was that no stock as on 30.06.2017 from purchases done from outside state.

As per my understanding, composition taxpayer need to provide the purchase details on which ITC has been taken earlier, but the stock remains unsold as on 30.06.2017. The composition tax payer needs to reverse this ITC. For purchase from unregistered person, we need to pay the GST.

Dear Sir, please enlighten us with your views.

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Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (183108 Points)
Replied 16 January 2018

Yes, you are correct........ but no ITC was available over CST.......... so, treat it as URD purchase...

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SSG (1936 Points)
Replied 16 January 2018

Thank you Sir.

Please guide about VAT/Excise/Service Tax paid stock in hand as on 30.06.2017. Do we need to pay tax on these items - as per GST rate currently applicable or as per old laws.

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (183108 Points)
Replied 16 January 2018

As per act........ dealer can opt for composition only if.......

The person opting for the scheme must neither be a casual taxable person nor a non-resident taxable person.
The goods held by him in stock on the appointed date must not be purchased from a place outside his state. The goods should therefore not be classified as:

Interstate purchase
Imported Goods
Branch situated outside the State
Agents or Principal situated outside the State

3. Where the taxpayers deal with unregistered person, tax must be paid or no stock must be held.

So, here the differencial amount of tax payable and already paid will be charged, specifically the goods purchased from unregistered dealers will make difference.

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