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COMPOSITION SCHEME, Goods and Services Tax - GST

Issue Id: - 112864
Dated: 23-9-2017
By:- Shreyansh Agrawal

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Dear Experts,

My Client has opted under composition scheme in GST. Still there is no Comp-3 Form Found in GST Portal but there is Transition Form under GST Portal. Whether we have to give details of stock in Trans 1 Form (if yes then where it has to be disclosed) or they will be seperatly issue new form (i.e Comp-3) in portal.

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Showing Replies 1 to 4 of 4 Records

1 Dated: 23-9-2017

TRANS -1 is not meant for you. It is meant for those who are eligible to take ITC on the basis of closing balance as on 30.6.17 in ST-3 return, CE returns and VAT returns.

2 Dated: 24-9-2017
By:- Himansu Sekhar

You cannot take the ITC. No requirement of filling the tran 1 from

3 Dated: 25-9-2017

Composition scheme does not allow you to take input tax credit. Therefore there is no necessity for you to use the TRAN - 1 form.

4 Dated: 28-9-2017
By:- Shreyansh Agrawal

Dear Experts,

Comp 3 form is not available in GST portal, then where to give report of stock intimation??


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