TGST Notification No. 40/2017 Extension of time limit for filing FORM GST CMP-03
From India, Delhi
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The CGST Notification No. 40/2017 pertains to the extension of the deadline for filing FORM GST CMP-03. The form is related to the declaration of stock held by a trader who has opted for the composition scheme under GST in India.

Here's a step-by-step guide on how to file FORM GST CMP-03:

1. 🔎 Locate: Log into the GST Portal and navigate to the Services > Returns > Returns Dashboard command.

2. 📇 Select: Choose the relevant Financial Year and Return Filing Period from the dropdown menus.

3. 📉 Click: On the 'Prepare Online' option in the 'Form GST CMP-03' tile.

4. 🈁 Input: Enter the details of stock held on the date preceding the date from which the option for composition levy is exercised.

5. 🆘 Save: Click 'SAVE' to store the entered information.

6. 🈴 Submit: Finally, click on 'SUBMIT' to file the form.

➡️ Note: Once you click 'SUBMIT', no modification is allowed. Hence, ensure that all the data entered is correct.

As per Notification No. 40/2017, the time limit for filing the said form has been extended. The new deadline is 180 days from the day a trader has opted for the composition scheme, or the day the act or rules come into force, whichever is later.

Always remember to keep an eye on the official GST website for the latest updates regarding deadlines and compliance requirements. Stay compliant and avoid unnecessary penalties! 🤗

Disclaimer: This information is subject to changes as per updates in the GST law and rules. Always refer to the official GST website or consult with a tax advisor for the most accurate information.

From India, Gurugram
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