CMP-3 Submission Date Extended by a Month

GST DOST's BLOG

CMP-3 Submission Date Extended by a Month
Oct, 2017
By 1 189

The last date for submitting CMP-3 return form has been extended by one month to 31/10/2017. Only businessmen who have availed Composition Scheme in GST are supposed to submit this form. Earlier, the last date for submitting CMP-3 return form was September 30.

Under GST, businessmen with annual turnover of up to Rs. 75 lakh can avail the benefit of composition scheme. They are exempt from furnishing every month’s transaction details by merely paying 5% tax. The businessmen were supposed to provide details of stock through this form by September 30.

Businessmen are expected to furnish plenty of details in the CMP-3 form. They are expected to provide details such as tax paid and unpaid stock. Also, it is mandatory for them to pay tax on unpaid stock as per the current applicable GST rate. The entire process is cumbersome and time-consuming for a businessman who has other important things to focus on. Now that the date has been extended by a month, it has come as a relief to them. 

Feel free to get in touch with GST DOST for help.

 

Form GST CMP-03

[See rule 3(4)]

Intimation of details of stock on date of opting for composition levy

(Only for persons registered under the existing law migrating on the appointed day)

1. GSTIN

 

2. Legal name

 

3. Trade name, if any

 

4. Address of Principal Place of Business

 

5. Details of application filed to pay tax under section 10

(i) Application reference number

(ARN)

 

(ii) Date of filing

 

6. Jurisdiction

Centre

State

7. Stock of purchases made from registered person under the existing law

Sr. No

GSTIN/TIN

Name of the supplier

Bill/ Invoice No.

Date

Value of Stock

VAT

Central Excise

Service Tax (if applicable)

Total

1

2

3

4

5

6

7

8

9

10

1

 

 

 

 

 

 

 

 

 

2

 

 

 

 

 

 

 

 

 

Total

 

 

 

 

 

 

 

 

 

 

8. Stock of purchases made from unregistered person under the existing law

Sr. No

Name of the unregistered person

Address

Bill/ Invoice No

Date

Value of Stock

VAT

Central Excise

Service Tax (if applicable

Total

1

2

3

4

5

6

7

8

9

 

1

 

 

 

 

 

 

 

 

 

2

 

 

 

 

 

 

 

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

9. Details of tax

paid

Description

Central Tax

State Tax /

UT Tax

 

Amount

 

 

 

Debit entry no.

 

 

 

 

10. Verification

I________________________________________ hereby solemnly affirm and declare that the information given hereinabove is true and correct to the best of my knowledge and belief and nothing has been concealed therefrom.

Signature of Authorised Signatory

Name

Designation / Status

Place

Date