Effective date for composition levy :
The option to pay tax under section 10 shall be effective from the beginning of the financial year, where the intimation is filed under rule 1(3) of and the appointed date (i.e. 1-7-2017) where intimation is filed under rule 1(1) of the said rule.
The intimation under sub-rule 1(2) shall be considered only after grant of registration to the applicant and his option to pay tax under section 10 shall be effective from the date fixed under sub-rule 3(2) or 3(3) of Registration Rules – rule 2 of Composition Rules.