The GOVT notifies every registered person under GST and opts to pay taxes under Composition Scheme, must file an intimation in FORM GST CMP- 02 for exercise option on the common portal either directly or through a Facilitation Centre notified by the Commissioner, on or before the 31st 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 days from the day on which such person commences to pay tax under section 10.
Earlier, the time limit for Form GST ITC-3 was ninety days.
GOVT notifies further stated that where a registered person is supplying taxable as well as exempted goods or services or both to an unregistered person, a single “invoice-cum-bill of supply” may be issued for all such supplies.
It also amends Forms GSTR-1, GSTR-1A and GSTR-4.
Read the full text of the Notification below.
