GST – COMPOSITION RULES – Draft Rules 31-3-2017
GST
Dated:- 2-4-2017
GST – Composition Rules – Draft Rules 31-3-2017
\n=============
\nDocument 1
\n1.
\nChapter
\nCOMPOSITION RULES
\nIntimation for composition levy
\n(1) Any person who has been granted registration on a provisional basis under sub-rule (1) of
\nrule Registration. 16 and who opts to pay tax under section 10, shall electronically file an intimation
\nin FORM GST CMP-01, duly signed, on the Common Portal, either directly or through a
\nFacilitation Centre notified by the Commissioner, prior to the appointed day, but not later than
\nthirty days after the said day, or such further period as may be extended by the Commissioner in
\nthis behalf:
\nProvided that where the intimation in FORM GST CMP-01 is filed after the appointed day, the
\nregistered person shall not collect any tax from the appointed day but shall issue bill of supply for
\nsupplies made after the said day.
\n(2) Any person who applies for registration under ru<\/p>\n
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\nelectronically, in FORM GST CMP-03, on the Common Portal, either directly or through a
\nFacilitation Centre notified by the Commissioner, within sixty days of the date from which the
\noption for composition levy is exercised or within such further period as may be extended by the
\nCommissioner in this behalf.
\n(5) Any intimation under sub-rule (1) or sub-rule (3) in respect of any place of business in any
\nState or Union territory shall be deemed to be an intimation in respect of all other places of business
\nregistered on the same PAN.
\n2. Effective date for composition levy
\n(1) The option to pay tax under section 10 shall be effective from the beginning of the financial
\nyear, where the intimation is filed under sub-rule (3) of rule 1 and the appointed date where
\nintimation is filed under sub-rule (1) of the said rule.
\n1
\n|
\n(2) The intimation under sub-rule (2) of rule 1 shall be considered only after grant of registration
\nto the applicant and his option to pa<\/p>\n
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\n(e) he was not engaged in the manufacture of goods as notified under clause (e) of sub-section
\n(2) of section 10, during the preceding financial year;
\n(f) he shall mention the words \u201ccomposition taxable person, not eligible to collect tax on
\nsupplies” at the top of the bill of supply issued by him; and
\n(g) he shall mention the words \u201ccomposition taxable person\u201d on every notice or signboard
\ndisplayed at a prominent place at his principal place of business and at every additional place or
\nplaces of business.
\n(2) The registered person paying tax under section 10 may not file a fresh intimation every year
\nand he may continue to pay tax under the said section subject to the provisions of the Act and these
\nrules.
\n4
\n(1)
\nValidity of composition levy
\nThe option exercised by a registered person to pay tax under section 10 shall remain valid
\nso long as he satisfies all the conditions mentioned in the said section and these rules.
\n(2) The person refer<\/p>\n
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\nperson in FORM GST CMP-06, the proper officer shall issue an order in FORM GST CMP-07
\nwithin thirty days of receipt of such reply, either accepting the reply, or denying the option to pay
\ntax under section 10 from the date of option or from the date of the event concerning such
\ncontravention, as the case may be.
\n(6) Every person who has furnished an intimation under sub-rule (2) or filed an application for
\nwithdrawal under sub-rule (3) or a person in respect of whom an order of withdrawal of option has
\nbeen passed in FORM GST CMP-07 under sub-rule (5), may electronically furnish at the
\nCommon Portal, either directly or through a Facilitation Centre notified by the Commissioner, a
\nstatement in FORM GST ITC-01 containing details of the stock of inputs and inputs contained in
\nsemi-finished or finished goods held in stock by him on the date on which the option is withdrawn
\nor denied, within 30 days, fr<\/p>\n
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