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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Cmp-03
Replies (21)
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
and have to pay tax on unregistered purchase on stock in hand on 1july
last date 31 jan
in case of new registration on voluntary basis - CMP-03 FILE compulsary
yes if he not registered last tax regime then dont need to file cmp 03
Thank you very much, madam
voluntary basis not need to file cmp 03
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
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
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
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
my client has registered purchase not unregistered purchase... no laibility raise at the time of filing cmp-03
May be department later on asking for tax after filling CMP - 03
As per my understanding, the ITC taken on purchases held on stock as on 30.06.2017, needs to be reversed.
Looking for more expert advice
i think this forum not suitable for you... you can HIRE CA ....
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 .....
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