Question 17:

GST -4 IN RESPECT OF COMPOSITION DEALER FOR THE QUARTER ENDING SEP AND DEC  2017 HAS BEEN FILED. BUT WE HAVE NOT DEPOSITED GST/TAX ON STOCK HELD ON 30-6-2017. PLEASE ADVISE HOW TO DEAL WITH SITUTION NOW. WHETHER TO PAY TAX ON OPENING STOCK NOW OR OTHERWISE ADVISE FURTHER COURSE OF ACTION

Answer:

Any person migrating from old laws and opt to pay composition scheme on filling intimation in FORM GST CMP-01 shall furnish details of stock, including the inward supply of goods received from unregistered persons  under the existing laws electronically, in FORM GST CMP-03, on the common portal. (As per Rule 3(4) of CGST).

Order No. 11/2017-GST dt.21.12.2017 extends the date of filing of FORM GST CMP-03 till 31st January, 2018.

So you need to furnished details of stock in FORM GST CMP-03  and pay tax on it till 31.01.2018. .(REPLY dt. 29/1/2018)