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Cmp-03

11 January 2018

In Vat regime we are in normal scheme, but after GST from month of July we migrated to GST on Composition Scheme- NOW WE REQUIRE TO FILE CMP - 03 on gst portal ??? please advise

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21 Replies

Mondira Saha (GST) (3925 Points)
Replied 11 January 2018

yes your have to file cmp-03

and have to pay tax on unregistered purchase on stock in hand on 1july

last date 31 jan

Ranjit Karmakar (124 Points)
Replied 11 January 2018

in case of new registration on voluntary basis - CMP-03 FILE compulsary

Mondira Saha (GST) (3925 Points)
Replied 11 January 2018

yes if he not registered last tax regime then dont need to file cmp 03

Ranjit Karmakar (124 Points)
Replied 11 January 2018

Thank you very much, madam

Mondira Saha (GST) (3925 Points)
Replied 11 January 2018

voluntary basis not need to file cmp 03

Ranjit Karmakar (124 Points)
Replied 15 January 2018

I talk with some CA, they advise me that -the stock which I have disclose in CMP 03, I have to pay full tax i.e. 18% on disclosing stock, If I avail full input in Vat regime ?? I am very confuse - please clear my doubt

Ranjit Karmakar (124 Points)
Replied 15 January 2018

Mondira Saha (GST) (3925 Points)
Replied 15 January 2018

no you do not have to pay in your all stock which stock purchase by unregistered where you have to pay tax on your goods rate ...

i am filing CMP-03 of my client he have to unregistered purchase at filing time no laibility raise and without payment i filled cmp-03

Mondira Saha (GST) (3925 Points)
Replied 15 January 2018

my client has registered purchase not unregistered purchase... no laibility raise at the time of filing cmp-03

Ranjit Karmakar (124 Points)
Replied 15 January 2018

May be department later on asking for tax after filling CMP - 03

SSG (1936 Points)
Replied 16 January 2018

As per my understanding, the ITC taken on purchases held on stock as on 30.06.2017, needs to be reversed.

Ranjit Karmakar (124 Points)
Replied 16 January 2018

Looking for more expert advice

Mondira Saha (GST) (3925 Points)
Replied 17 January 2018

i think this forum not suitable for you... you can HIRE CA ....

Ranjit Karmakar (124 Points)
Replied 17 January 2018

If some dealer moving from composition dealer to regular scheme then the dealer will be claim input on the closing stock at the day of moving to regular scheme.

I am not saying you are saying wrong, I have little confusion .....