Various forms for composition dealer in GST
Here we have summarized the Various forms for composition dealer in GST. Rules for composition scheme are released by GSTIN. Composition scheme is for the small traders having a turnover of upto Rs. 50 Lac.Although newly passed CGST Act give power to central government to increase this limit to Rs.1 crore.There are some new conditions imposed in rules. GST CMP 01 is an intimation to be filed by a taxpayer entering into GST via transition from existing law.Form GST CMP 02 is intimation form for taxpayer registered in GST and opt to pay in composition scheme.
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Form
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Purpose
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GST CMP01
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Intimation for paying tax in composition sheme by a taxpayer entering into GST via transition from current law.
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GST CMP02
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Intimation for exercising the option to pay tax under composition scheme bya a registered taxpayer
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GST CMP03
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Details of opening stock on the date of entering into the composition scheme
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GST CMP04
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Intimation for withdrawal from Scheme on occurrence of any default within 7 days of such default/otherwise also taxpayer can file this form for withdrawal
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GST CMP05
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SCN by for why composition scheme shall not be denied Where the proper officer has reasons to believe that the registered person was not eligible to pay tax under section 10 or has contravened the provisions of the Act or these rules.
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GST CMP06
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Reply to SCN in GST CMP05
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GST CMP07
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Order within 30 days of reply either accepting or rejecting the scheme
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