Composition Scheme Registration
Aakash Gaur (7 Points)
10 July 2017thanks
Aakash Gaur (7 Points)
10 July 2017
upasana gupta
(Finance Professional)
(3931 Points)
Replied 10 July 2017
Any person being granted registration on a provisional basis (registered under VAT Act, Service Tax, Central Excise laws etc) and who opts for Composition Levy shall file an intimation in FORM GST CMP-01, duly signed, before or within 30 days of appointed date. If intimation is filed after the appointed day, the registered person:
a) Will not collect taxes
b) Issue bill of supply for supplies
FORM GST CMP- 03 must also be filed within 60 days of exercise of option
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India