Rule 3 of CGST Rules - Intimation for composition levy

Rule 3 of CGST Rules - Intimation for composition levy

(updated as on 15.11.2017)

(1) Any person who has been granted registration on aprovisional basis under clause (b) of sub-rule (1) of rule 24 and who opts to pay tax undersection 10, shall electronically file an intimation in FORM GST CMP-01, duly signed orverified through electronic verification code, on the common portal, either directly orthrough 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 extendedby the Commissioner in this behalf: Provided that where the intimation in FORM GST CMP-01 is filed after theappointed day, the registered person shall not collect any tax from the appointed day butshall issue bill of supply for supplies made after the said day. (2) Any person who applies for registration under sub-rule (1) of rule 8 may give anoption to pay tax under section 10 in Part B of FORM GST REG-01, which shall beconsidered as an intimation to pay tax under the said section. (3) Any registered person who opts to pay tax under section 10 shall electronically file anintimation in FORM GST CMP-02, duly signed or verified through electronicverification code, on the common portal, either directly or through a Facilitation Centrenotified by the Commissioner, prior to the commencement of the financial year for whichthe option to pay tax under the aforesaid section is exercised and shall furnish thestatement in FORM GST ITC-03 in accordance with the provisions of sub-rule (4) ofrule 44 within a period of sixty days from the commencement of the relevant financial year. [(3A)Notwithstanding anything contained in sub-rules (1), (2) and (3), a person who hasbeen granted registration on a provisional basis under rule 24 or who has been grantedcertificate of registration under sub-rule (1) of rule 10 may opt to pay tax under section10 with effect from the first day of the month immediately succeeding the month inwhich he files an intimation in FORM GST CMP-02, on the common portal eitherdirectly or through a Facilitation Centre notified by the Commissioner, on or before the31st day of March, 2018, and shall furnish the statement in FORM GST ITC-03 in accordance with the provisions of sub-rule (4) of rule 44 within a period of ninety daysfrom the day on which such person commences to pay tax under section 10: Provided that the said persons shall not be allowed to furnish the declaration inFORM GST TRAN-1 after the statement in FORM GST ITC-03 has been furnished.] (Substituted vide Notification No. 45/2017-Central Tax dated 13.10.2017. for (3A) Notwithstanding anything containedin sub-rules (1), (2) and (3), a person who has been granted registration on a provisional basis under rule 24 or who hasapplied for registration under sub-rule (1) of rule 8 may opt to pay tax under section 10 with effect from the first day ofOctober, 2017 by electronically filing an intimation in FORM GST CMP-02, on the common portal either directly orthrough a Facilitation Centre notified by the Commissioner, before the said date and shall furnish the statement in FORMGST ITC-03 in accordance with the provisions of sub - rule (4) of rule 44 within a period of ninety days from the said date: Provided that the said persons shall not be allowed to furnish the declaration in FORM GST TRAN-1 after the statement inFORM GST ITC-03 has been furnished. which was inserted vide Notification No. 34/2017-Central Tax dated 15.09.2017.) (4) Any person who files an intimation under sub-rule (1) to pay tax under section 10shall furnish the details of stock, including the inward supply of goods received fromunregistered persons, held by him on the day preceding the date from which he opts topay tax under the said section, electronically, in FORM GST CMP-03, on the commonportal, either directly or through a Facilitation Centre notified by the Commissioner,within a period of [ninety] (Substituted for the word [sixty] with effect from 17.08.2017 vide Notification No. 22/2017 Central Tax)days from the date on which the option for composition levyis 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) [or sub-rule (3A)] (Inserted vide Notification No. 34/2017 Central Tax dated 15.09.2017) in respect of anyplace of business in any State or Union territory shall be deemed to be an intimation inrespect of all other places of business registered on the same Permanent AccountNumber.

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CHAPTER II

COMPOSITION RULES

Chapter IIof CGST Rules, 2017 consists of five rules relating to COMPOSITION RULESunder the GST regime. All this rules are available for your ready reference. Rule 3 :Intimation for composition levy Rule 4 : Effective date for composition levy Rule 5 :Conditions and restrictions for composition levy Rule 6 :Validity of composition levy Rule 7 :Rate of tax of the composition levy