Composition taxpayers must intimate option in:
AForm GST REG-01 only
BGSTR-1
CForm GST CMP-01 (existing) / CMP-02 (post-registration / start of FY)
DGST PMT-06
Answer & Solution
Correct answer: C. Form GST CMP-01 (existing) / CMP-02 (post-registration / start of FY)
1. Existing taxpayers opting into composition: Form GST CMP-02 before commencement of FY (Rule 3).
2. Persons applying for fresh registration AND intending to opt for composition: indicate at the time of REG-01 itself.
3. Rule 5 — stock declaration in Form GST ITC-03 (reversal of ITC) within 60 days of opting into composition.
_Source: ICAI BoS CA Final Paper 8, Ch 7 "Registration", §Rule 3/4_
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