Rule 4 GST - Effective date for composition levy

Last updated at Dec. 16, 2024 by

According to Rule 4 of Central Goods and Service Tax Act, 2017 as passed by Lok Sabha :

  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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CA Maninder Singh

CA Maninder Singh is a Chartered Accountant for the past 14 years. He also provides Accounts Tax GST Training in Delhi, Kerala and online.