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Composition scheme

267 views 12 replies

Ramakrishna Textiles Parli

26 Points Joined December 2016

Is it mandatory to submit CMP 03 for Composition scheme dealer ?
If no OK, but if yes when is the last date after opting for it ?

Replies (12)

RAJA P M

"Do the Right Thing...!!!"

128147 Points Joined January 2015

If you are already Composition dealer. Then no need CMP-03...

If you are "opt to composition scheme" from regular dealer. Then you ll be file the form. (Date 30th Sep 2017)

RAJA P M

"Do the Right Thing...!!!"

128147 Points Joined January 2015

Welcome... ...

Need clarification
I was a presumptive dealer in VAT which is more or less similar to Composition scheme.
I have migrated from VAT to GST as was the procedure.

Should I submit CMP 03.

kindly clarify.

CA Rashmi Gandhi

Chartered Accountant

86505 Points Joined April 2011

Composition scheme opened again for dealers today. You can now opt for it.

RAJA P M

"Do the Right Thing...!!!"

128147 Points Joined January 2015

@ Ramakrishna.,
What is your exact Turn over...?

Ramakrishna Textiles Parli

26 Points Joined December 2016

QUESTION WAS SUBMISSION OF CMP 03

Ramakrishna Textiles Parli

26 Points Joined December 2016

QUESTION WAS SUBMISSION OF CMP 03

RAJA P M

"Do the Right Thing...!!!"

128147 Points Joined January 2015

Yeah....!🤔🤔🤔
Then why you said "Presumptive Dealer in VAT"...?

Ramakrishna Textiles Parli

26 Points Joined December 2016

Dear Sir,
My turnover for past FY s are below 15L.

I was a presumptive dealer in b VAT.

My question is, Is it mandatory for me to submit GST CMP 03, intimation of stock details in hand.

I have migrated to GST and opted for Composition scheme.