Quick Summary
In a significant move to simplify compliance for composition taxpayers, the Central Board of Indirect Taxes and Customs (CBIC) has amended the Central Goods and Services Tax (CGST) Rules, 2017, through Notification No. 07/2025 Central Tax, dated January 23, 2025. The amendments bring new provisions
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FAQ :
The main purpose is to simplify compliance for composition taxpayers by introducing FORM GST CMP-02.
Composition taxpayers can now use FORM GST CMP-02 to furnish required intimations and information.
It simplifies the process of opting into or maintaining the composition scheme, reducing administrative burdens and enhancing transparency.
FORM GST CMP-02 is a declaration form for composition taxpayers to notify their intention to join the scheme or provide necessary updates.
The CBIC aims to support small businesses, ease their compliance responsibilities, and promote voluntary compliance within the GST framework.
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