Is the Trans-1 form under GST act applicable for dealers registered under composition scheme of GST act?
If yes, please guide through the whole process.
13 Replies
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 28 September 2017
Not applicable.......... You dont take benefit of ITC. So no credit available
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 28 September 2017
If you opt composition scheme then no way for claim ITC on previous Tax regime's stock...
Also you ll be want ITC it's not available in Composition Scheme....
Also you ll be want ITC it's not available in Composition Scheme....
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 28 September 2017
You have to give details of your stock in CMP-03....
Virendra Parodkar
(66 Points)
Replied 28 September 2017
How to give details of existing or previous stock?
what is CMP-03?
what is CMP-03?
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 28 September 2017
CMP-03 id stock declaration form which a composition dealer has to submit to declare his stock...
But such form are not yet notified by Govt
But such form are not yet notified by Govt
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 29 September 2017
Last date for CMP-03 is 31 Oct
Virendra Parodkar
(66 Points)
Replied 29 September 2017
but how to fill CMP-03??
nd where will i find it??
nd where will i find it??
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 29 September 2017
https://files.caknowledge.in/download/form-gst-cmp-03/
Virendra Parodkar
(66 Points)
Replied 29 September 2017
Because i am unable to find CMP-03 form on GST portal.
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 29 September 2017
The firm ll be shown only in Composition dealer's dashboard. The form is not common.
Virendra Parodkar
(66 Points)
Replied 30 September 2017
yes i am registered as composition dealer. but its not shown on the dashboard
Recent Topics
- NRO Interest - Taxed at source and in Foreign Coun
- Clarity needed on effective date
- Income Tax Refund Deadline Shortened to Five Years
- Rectification Applications for Past GST Demands
- Where can I find a trusted provider to hire a skip
- GST Invoices Series
- FILING OF ITR AY 20-21
- CLAIMING OF U CLAIMED RCM
- Building construction works
- REGARDING GSTR-9 F.Y 2023-24
Related Threads
CAclubindia
