ORDER NO 4/2017 dt 29 Sep 2017 - 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 (referred to as “the Act” hereafter), on the recommendations of the Council,


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 31stOctober, 2017. 


Author's note-

Please note that as per rule 3(4) of CGST rules the time period to file the such detail is 90 days from the date when the such scheme is opted which should have been 90 days from 1 July 2017 i.e 28 Sep 2017 which has now extended upto 31 October 2017


For reading full text of the circular please refer link - http://www.cbec.gov.in/resources//htdocs-cbec/gst/order4-cgst.pdf

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