Finance Ministry allows composition levy from October 1, Form TRAN-1 revision; Tweaks E-waybill procedure

Finance Ministry amends CGST Rules to inter alia allow composition levy option to person who has been granted provisional registration or who has applied for registration (other than non-resident taxable person, person required to deduct / collect tax at source, foreign OIDAR service supplier) w.e.f. October 1; As per amended Rule 3, such person must furnish statement of ITC in Form GST ITC-03 and thereafter, cannot furnish declaration in Form GST TRAN-1; Inserts Rule 120A to...