Opting-in for Composition Scheme for Financial year 2021-22
GST
Dated:- 25-3-2021
1. How to opt-in for Composition Scheme:
* The eligible registered taxpayers, who want to opt-in for composition scheme for the FY 2021-22, need to file FORM GST CMP-02 application, on or before 31st March, 2021, post login on GST portal. The taxpayers may navigate as follows:
Log-in>Services > Registration > Application to opt for Composition Levy>Filing form GST CMP-02>File application under DSC/EVC
* Once Form GST CMP-02 application is filed, the composition scheme will be available to the taxpayer, w.e.f. 1st April 2021.
* The taxpayers already opted in for composition scheme earlier are not required to opt in again for FY 2021-2022.
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and/or mixed supplies having aggregate turnover of previous FY upto ₹ 50 lakhs.
3. Who is not eligible for opting in composition scheme:
* Suppliers of the goods/services who are not liable to pay tax under GST
* Inter-State outward suppliers of goods/services
* Taxpayers supplying goods through e-commerce operators who are required to collect tax under sec 52
* The manufacturers of notified goods like Ice cream and other edible ice, whether or not containing cocoa, tobacco and manufactured tobacco substitutes, Pan Masala & Aerated water
4. For more details click on:
* User Manual: https://tutorial.gst.gov.in/userguide/compositionpoc/compositionscheme.htm
* FAQ: https://tutorial.gst.gov.in/userguide/compositionpoc/optfo
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