Composite Scheme for Professional Consultant

No. Composition scheme not allowed for financial consultant.

Who cannot opt for Composition Scheme

The following people cannot opt for the scheme:

Taxpayer supplying exempt supplies.

Supplier of services other than restaurant related services

Manufacturer of ice cream, pan masala, or tobacco

Casual taxable person or a non-resident taxable person

Businesses which supply goods through an e-commerce operator

No other service provider other than restaurant services can opt for composition scheme. So a financial consultant cannot opt for composition scheme

I am running a printing press. I have done my GST registration as a composite scheme, Now it has been automatically converted as a regular tax payer because we failed to do CMP 02. Now can anyone help us to go back again for composite tax payer ?