LAST DATE FOR FILING OF STOCK DETAILS IN
FORM GST CMP-03 ENTENDED TILL 30.11.2017
The Goods and Services Tax Act, 2017 came
into force in India with effect from 1.7.2017.
The aggregate turnover limit has been
extended two times after 1.7.2017 and the taxpayers are filing compounding
scheme options.
The taxpayers who have opted to pay tax under
Compounding Scheme Option has to file the details of stock held on the date preceding the date from which the option to pay tax under section 10 of the Act is exercised in FORM
GST CMP-03
under the Goods and Services Tax Act, 2017.
The time limit to file FORM GST CMP-03 was
extended till 31.10.2017 and the same has been extended till 30.11.2017 by the
Central Government.
The relevant Central Government Order is
given below for ready reference:
F. No. 349/58/2017-GST Government of
India Ministry of
Finance Department of Revenue
Central Board of Excise and Customs
***
New Delhi, the
28th October, 2017
Order No. 05/2017-GST
Subject:
Extension of time
limit
for intimation of details of
stock held on the
date preceding the
date from which
the option for composition levy is exercised in FORM GST CMP-03
In exercise of the powers conferred by sub-rule (4) of rule 3 of the Central Goods and
Services Tax Rules, 2017 read with section 168 of the Central Goods and Services Tax Act,
2017 (hereafter referred to as “the Act”), on the recommendations of the Council,
and in supersession
of Order No.
04/2017-GST dated
29th September,
2017, the period for intimation of details of stock held on
the
date preceding the date from which the option to pay tax under section 10 of the Act is exercised in FORM
GST CMP-03
is extended till 30th November, 2017.
(Upender Gupta)
Commissioner (GST)