Opting-in for Composition Scheme for Financial year 2021-22
GST
Dated:- 25-3-2021
1. How to opt-in for Composition Scheme:
\n * 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:
\nLog-in>Services > Registration > Application to opt for Composition Levy>Filing form GST CMP-02>File application under DSC\/EVC
\n * Once Form GST CMP-02 application is filed, the composition scheme will be available to the taxpayer, w.e.f. 1st April 2021.
\n * The taxpayers already opted in for composition scheme earlier are not required to opt in again for FY 2021-2022.\n<\/p>\n
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Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n and\/or mixed supplies having aggregate turnover of previous FY upto ₹ 50 lakhs. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" Opting-in for Composition Scheme for Financial year 2021-22 GSTDated:- 25-3-20211. 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 … Continue reading “Opting-in for Composition Scheme for Financial year 2021-22”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-69093","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/69093","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=69093"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/69093\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=69093"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=69093"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=69093"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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\n3. Who is not eligible for opting in composition scheme:
\n * Suppliers of the goods\/services who are not liable to pay tax under GST
\n * Inter-State outward suppliers of goods\/services
\n * Taxpayers supplying goods through e-commerce operators who are required to collect tax under sec 52
\n * 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
\n4. For more details click on:
\n * User Manual: https:\/\/tutorial.gst.gov.in\/userguide\/compositionpoc\/compositionscheme.htm
\n * FAQ: https:\/\/tutorial.gst.gov.in\/userguide\/compositionpoc\/optfo<\/p>\n
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