This circular provides a corrigendum to Circular No. 97/16/2019-GST dated 5 April 2019 by revising the time limit for exercising the option to pay GST at the concessional rate of 3% under Notification No. 2/2019–Central Tax (Rate).

The corrigendum clarifies that eligible registered persons intending to opt for payment of central tax at the concessional rate of 3% may file the required intimation in FORM GST CMP-02 up to 31 July 2019, instead of the earlier prescribed deadline of 30 April 2019. The option is to be exercised by selecting the category “Any other supplier eligible for composition levy” in the said form.

It is further reiterated that such registered persons are also required to furnish FORM GST ITC-03 for reversal of input tax credit, in accordance with sub-rule (3) of rule 3 of the CGST Rules.

This corrigendum has been issued to provide additional time to eligible taxpayers to exercise the option and to facilitate smoother implementation of the concessional tax scheme.