Go AD-FREE with CAclubindia Pro and Daily WhatsApp Updates. Subscribe Now!

composition scheme

123 views 1 replies

anshul tiwari

Student CA IPC / IPCC

261 Points Joined August 2015

I want to about gst registration certificate in composition scheme. Plz inform me in detail.
In regular scheme form 06 issued by gst authorities what about composition scheme plz share in smple pic of composition registration certificate

Replies (1)

CA Mohammed Khalandar

Practicing Chartered Accountant

203 Points Joined April 2008

Dear Sir,

1. A taxpayer whose turnover is below Rs 1.0 crore* can opt for Composition Scheme. In case of North-Eastern states and Himachal Pradesh, the limit is now Rs 75* lakh.

2. To opt for composition scheme a taxpayer has to file GST CMP-02 with the government. This can be done online by logging into the GST Portal.

3. A dealer is required to file a quarterly return GSTR-4 by 18th of the month after the end of the quarter. Also, an annual return GSTR-9A has to be filed by 31st December of next financial year.

For more details : https://cleartax.in/s/gst-composition-scheme

Thanks

Khalandar