GST Tech advisory on Opting of GST Composition Scheme in FY 2020-21

Normal and registered taxpayers who want to opt in for Composition in FY 2020-21 can apply in Form GST CMP02 till 30th June 2020.

The taxpayers SHOULD NOT file any GSTR-1/GSTR-3B, for any tax period of FY 2020-21, from any of the GSTIN on the associated PAN, or else they will not be able to opt in for FY 2020-21.

Form GST ITC-03 to reverse ITC for the stock in hand at the time of transition can be filed till 31st July, 2020.

You May Also Refer:

• Cancellation/Surrendering of TAN [Tax Deduction and Collection Account Number]
• MODIFIED LLP SETTLEMENT SCHEME, 2020
• Forms which can be filed under CFSS 2020 Scheme
• GST Due Dates and Recent Notification Issued On 3rd April 4, 2020
• (RCM) Reverse Charge Under GST, Reverse Charge Mechanism Under GST
• GST Charcha Seizure of Goods appealable or not
• GST applicability on Maintenance charges paid in Apartments/RWA’s
• Analysis of unique common enrollment number in FORM GST ENR – 02