GST – COMPOSITION RULES – Draft Rules 31-3-2017
GST
Dated:- 2-4-2017
GST – Composition Rules – Draft Rules 31-3-2017
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Document 1
1.
Chapter
COMPOSITION RULES
Intimation for composition levy
(1) Any person who has been granted registration on a provisional basis under sub-rule (1) of
rule Registration. 16 and who opts to pay tax under section 10, shall electronically file an intimation
in FORM GST CMP-01, duly signed, on the Common Portal, either directly or through a
Facilitation Centre notified by the Commissioner, prior to the appointed day, but not later than
thirty days after the said day, or such further period as may be extended by the Commissioner in
this behalf:
Provided that where the intimation in FORM GST CMP-01 is filed after the appointed day, the
registered person shall not collect any tax from the appointed day but shall issue bill of supply for
supplies made after the said day.
(2) Any person who applies for registration under ru
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the said section,
electronically, in FORM GST CMP-03, on the Common Portal, either directly or through a
Facilitation Centre notified by the Commissioner, within sixty days of the date from which the
option for composition levy is exercised or within such further period as may be extended by the
Commissioner in this behalf.
(5) Any intimation under sub-rule (1) or sub-rule (3) in respect of any place of business in any
State or Union territory shall be deemed to be an intimation in respect of all other places of business
registered on the same PAN.
2. Effective date for composition levy
(1) The option to pay tax under section 10 shall be effective from the beginning of the financial
year, where the intimation is filed under sub-rule (3) of rule 1 and the appointed date where
intimation is filed under sub-rule (1) of the said rule.
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(2) The intimation under sub-rule (2) of rule 1 shall be considered only after grant of registration
to the applicant and his option to pa
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red persons;
(e) he was not engaged in the manufacture of goods as notified under clause (e) of sub-section
(2) of section 10, during the preceding financial year;
(f) he shall mention the words “composition taxable person, not eligible to collect tax on
supplies” at the top of the bill of supply issued by him; and
(g) he shall mention the words “composition taxable person” on every notice or signboard
displayed at a prominent place at his principal place of business and at every additional place or
places of business.
(2) The registered person paying tax under section 10 may not file a fresh intimation every year
and he may continue to pay tax under the said section subject to the provisions of the Act and these
rules.
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(1)
Validity of composition levy
The option exercised by a registered person to pay tax under section 10 shall remain valid
so long as he satisfies all the conditions mentioned in the said section and these rules.
(2) The person refer
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reply to the show cause notice issued under sub-rule (4) from the registered
person in FORM GST CMP-06, the proper officer shall issue an order in FORM GST CMP-07
within thirty days of receipt of such reply, either accepting the reply, or denying the option to pay
tax under section 10 from the date of option or from the date of the event concerning such
contravention, as the case may be.
(6) Every person who has furnished an intimation under sub-rule (2) or filed an application for
withdrawal under sub-rule (3) or a person in respect of whom an order of withdrawal of option has
been passed in FORM GST CMP-07 under sub-rule (5), may electronically furnish at the
Common Portal, either directly or through a Facilitation Centre notified by the Commissioner, a
statement in FORM GST ITC-01 containing details of the stock of inputs and inputs contained in
semi-finished or finished goods held in stock by him on the date on which the option is withdrawn
or denied, within 30 days, fr
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