To continue under Composition scheme

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This query is : Resolved

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If you were already registered under the Composition Scheme in FY 2019-20 and wish to continue for FY 2020-21, you generally do not need to file a new CMP-02 form. According to CGST Rule 5(2) and recent advisories, taxpayers already under the scheme are automatically continued unless they opt out.

Gopalakrishnan. S

Gopalakrishnan. S (Querist)

18 April 2020 Sir,

We were under " Composition " scheme in the FY 2019 - 20 and
would like to continue the same in the current FY ( 2020 - 21 ) also.

Should we file CMP-02 ?
What should we do to continue as "Composition " dealer ?

Pls. advice.

CA ANILKUMAR B.COM FCA DISA

CA ANILKUMAR B.COM FCA DISA (Expert)

18 April 2020 As per the advisory issued, tax payers who already under the composition scheme, are not needed to re-opt for composition scheme again for FY.2020-21.

PAWAN KUMAR

PAWAN KUMAR (Expert)

18 April 2020 Yes reply is correct, person already paying tax under composition scheme need not to file fresh intimation cmp-02 for FY-2020-21 as per cgst rule 5(2).

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