CMP 03

yes cmp-03 is necessary....in the form you have to show your stock on two parts ....1st is purchases from registered person (under vat) and the other is purchases from unregistered person under VAT.....

no tax is payable on purchases from registered person....tax is payable only on the purchases made from unregistered persons if they were taxable at the time of purchases........

my client was registered in Punjab VAT under composition scheme and now again he opts composition scheme. is he liable to file the CMP 03
and let me know one thing more as my client was registered earlier under composition scheme so he didn't receive any input tax credit than how to fill form purchases including VAT or Purchase and VAT separately.