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Application to opt for composition levy.....

saurabh sawlani (Self employed ) (2193 Points)

06 February 2022

dear colleagues
gud evng
muje FY 22-23 ke liye composition scheme opt krna hai(from regular scheme).... toh portal per CMP-02 file krne ka option nhi aa rha hai?? or option kab se enable hoga?? or due date bhi kya hai??

regards,

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5 Replies

Eswar Reddy S (CFO- at NHTF) (58275 Points)
Replied 07 February 2022

Try in the beginning of financial year .

1st week of April .

Check in the services / registration , you may get option to opt out

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (195205 Points)
Replied 07 February 2022

GST department will declare the option to choose the composition scheme (for next FY) before April, mostly in the moth of March.

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saurabh sawlani (Self employed ) (2193 Points)
Replied 07 February 2022

Thanks guruji & Mr. eswar Reddy
sir ek or query hai CMP-03 file krne ki??
iss form me kya details bhejni padti hai??

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (195205 Points)
Replied 07 February 2022

In Form CMP-03, taxpayers have to provide details of:

The stock of purchases made from registered persons (Name and GSTIN of the supplier, bill/invoice number and date, value of stock, applicable VAT/Central Excise/Service Tax).
The stock of purchases made from unregistered persons (Name and address of the unregistered person, bill/invoice number and date, value of stock, applicable VAT/Central Excise/Service Tax).
Tax paid (Amount of Central tax, State tax/UT tax and debit entry number)

Along with the stock details, this form asks for the following basic information:

GSTIN of the taxpayer
Legal name/Trade name
Address of the principal place of business
Details of the application filed for opting into the Composition Scheme:
- Application Reference Number
- Date of filing the application

saurabh sawlani (Self employed ) (2193 Points)
Replied 07 February 2022

Ok guruji got it 🙏
lekin mera confusion ye hai ki jab regular to composition transfer krte hai dealer ko toh tax kha pay krna padta hai??? kyunki jo vale as a opening stock me lunga 1-4-22 ko usme toh already 20% GP add hoga
toh tax pay krne ka kya seen hai
isse clear kriye guruji