CMP 03
Nilesh Zanwar (7 Points)
01 December 2017In GST I am in also Composition so CMP - 03 compulsory
CA Akhilesh Kumar Kandpal
(Proprietor A K Kandpal & Associates)
(1442 Points)
Replied 01 December 2017
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........
Rohit Goyal
(Financial and Taxation Consultant)
(206 Points)
Replied 26 January 2018
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