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Composition scheme

12 September 2017

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 ?

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12 Replies

RAJA P M ("Do the Right Thing...!!!") (127483 Points)
Replied 12 September 2017

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)

Ramakrishna Textiles Parli (26 Points)
Replied 12 September 2017

thank you

RAJA P M ("Do the Right Thing...!!!") (127483 Points)
Replied 12 September 2017

Welcome... ...

Ramakrishna Textiles Parli (26 Points)
Replied 12 September 2017

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) (86285 Points)
Replied 18 September 2017

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

RAJA P M ("Do the Right Thing...!!!") (127483 Points)
Replied 18 September 2017

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

Ramakrishna Textiles Parli (26 Points)
Replied 18 September 2017

QUESTION WAS SUBMISSION OF CMP 03

Ramakrishna Textiles Parli (26 Points)
Replied 18 September 2017

QUESTION WAS SUBMISSION OF CMP 03

RAJA P M ("Do the Right Thing...!!!") (127483 Points)
Replied 18 September 2017

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

Ramakrishna Textiles Parli (26 Points)
Replied 18 September 2017

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.