l(l)The option exercised by a registered person to pay tax under section 10 shall remain valid so long as he satisfies all the conditions mentioned in the said section and under these rules.
(2) The person referred to in sub-rule ( I ) shall be liable to pay ta'{ under sub-section (I) of section 9 from the day he ceases ItO satisfy any of the conditions mentioned in section I 0 or the provisions of this Chapter apd shall issue tax invoice for every taxable supply made thereafter and he shall also file an intimation for wjthdrawal from the scheme in FORM GST CMP-04 ·within seven days of the, occurrence of such event.
(3) The registered person who intends to withdraw from the composition scheme shall, before the date of such withdrawal. file an application in FORM GST CM P-04, duty signed or verified through electronic verification code, electronically on the common portal.
(4) Where the proper officer has r:easons to believe that the registered person was not eligible to pay tax under section I 0 or has contravened the provisions of the Act or provisions of this Chapter, he may issue a notice to ,such person in FORM GST CMP-05 to show cause within fifteen days of the receipt of su9h notice .as to why the option to pay tax under section I 0 shall not be denied.
(5) Upon receipt of the reply t~ the show cause notice issued under sub-rule (4) from the registered person in FORM GS CMP-06, the proper officer shall issue an order in FORM GST CMP-07 within a period o :thirty days of the receipt of such reply, either accepting the reply, or denying the option to pay tax under section 1 0 from the date of the option or from the date of the event concerning s~cb contravention, as the case may be.
(6) Every person who has furnished an intimation under sub-rule (2) or filed an application for withdrawal under sub-rule (3 ) o r a person in respect of whom an order of withdrawal of option has been passed in FORM GST CMP-07 under sub-rule (5). may electron ically furnish at the common portal, either directly or through a Facilitation Centre notified by the Commissioner, a statement in FORM GST lTC-01 containing details of the stock of inputs and inputs contained in semi-finished or finished goods held in stock by him on the date on which the option is withdrawn or denied. within a period of thirty days from the date from which the option is withdrawn ·ori from the date of the order passed in FORM GST C MP-07.
as the case may be.
(7) Any intimation or application for withdrawaj under s ub-rule (2) or (3) or denial of the option to pay tax under section W in accordance with sub-ru le (5) in r.espect of any place of business in any State or Union terri tory, shall be deemed to be an intimation in respect of all other places ofbusiness registere~ on the same Permanem Account Number.
Tripura Gazette, Extraordinary Issue, June 22, 2017 A. D.