Trans-1 applicable for composition dealers?

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66 Points Joined July 2017
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.
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On 28 September 2017 at 17:41 Report
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128147 Points Joined January 2015
No need.....
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On 28 September 2017 at 18:11
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86505 Points Joined April 2011
Not applicable.......... You dont take benefit of ITC. So no credit available
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On 28 September 2017 at 18:18
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128147 Points Joined January 2015
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....
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On 28 September 2017 at 18:53
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Chartered Accountant
86505 Points Joined April 2011
You have to give details of your stock in CMP-03....
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On 28 September 2017 at 19:06
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66 Points Joined July 2017
How to give details of existing or previous stock?
what is CMP-03?
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On 28 September 2017 at 22:50
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86505 Points Joined April 2011
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
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On 28 September 2017 at 23:26
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66 Points Joined July 2017
Ok. thanks a lot for informing!!!👍👍👍
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On 29 September 2017 at 08:32
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Chartered Accountant
86505 Points Joined April 2011
Last date for CMP-03 is 31 Oct
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On 29 September 2017 at 21:41
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66 Points Joined July 2017
but how to fill CMP-03??
nd where will i find it??
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On 29 September 2017 at 23:16
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128147 Points Joined January 2015
https://files.caknowledge.in/download/form-gst-cmp-03/
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On 29 September 2017 at 23:22
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66 Points Joined July 2017
Because i am unable to find CMP-03 form on GST portal.
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On 29 September 2017 at 23:24
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128147 Points Joined January 2015
The firm ll be shown only in Composition dealer's dashboard. The form is not common.
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On 29 September 2017 at 23:28
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66 Points Joined July 2017
yes i am registered as composition dealer. but its not shown on the dashboard
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On 30 September 2017 at 09:30


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