If I opt for composition from regular scheme on 1st April 2021, do I need to furnish Stock Intimation in website? What is the procedure? At what time I have to opt for composition scheme for fy2021-22?
After opting into Composition Scheme, a taxpayer has to intimate the government about the stock held by them on the day of opting into the scheme. The stock details have to be provided in Form GST CMP-03. Form CMP-03 has to be filed within 90 days from the day of filing CMP-02
Last date for conversion into composition scheme will be 31.3.21