Rule 4 of CGST Rules 2017: Effective Date for Composition Levy

Rule 4 of ‘Central Goods and Services Tax (CGST) Rules 2017’: Effective Date for Composition Levy

Provisions under Rule 4 of the Central Goods and Services Tax (CGST) Rules, 2017 relating to “Effective Date for Composition Levy”, as per Notification dt. 19 June 2017 issued by the CBEC/ Central Govt., are as under:

CGST Rule 4: Effective Date for Composition Levy (Chapter-II: Composition Rules)

(1) The option to pay tax under section 10 shall be effective from the beginning of the financial year, where the intimation is filed under sub-rule (3) of rule 3 and the appointed day where the intimation is filed under sub-rule (1) of the said rule.

(2) The intimation under sub-rule (2) of rule 3, shall be considered only after the grant of registration to the applicant and his option to pay tax under section 10 shall be effective from the date fixed under sub-rule (2) or (3) of rule 10.

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