Quick Summary
The Goods and Services Tax Network (GSTN) has announced that taxpayers can opt for the Composition Scheme for the financial year 2025-26 by filing Form CMP-02 on the GST Portal. The opt-in window will be open from February 4 to March 31, 2025. How to Apply for the Composition Scheme? Eligible taxpayers can submit their application by following these steps on the GST Portal: Navigate to: Services Registration Application to Opt for Composition SchemeEnsure that Form CMP-02 is duly filled a
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Community
- Daily E-Newsletter
- Unlimited News Access
- Profile Visitors
- Link Social Profiles
- Featured Job Posts
- Pro Badge
- Expert GST Guidance
- Unlimited Forum Replies
- Download Content in PDF
1 Year PLAN
1999
(Excl. of GST ₹359)
BEST VALUE
2 Years PLAN
3499
(Excl. of GST ₹629)
3 Months PLAN
999
(Excl. of GST ₹179)
View all CCI PRO benefits
Already a PRO member? Login here for an ad-free experience.
FAQ :
Taxpayers can apply for the GST Composition Scheme for FY 2025-26 from February 4, 2025, to March 31, 2025.
Taxpayers need to file Form CMP-02 on the GST Portal to opt for the Composition Scheme.
Businesses with an aggregate turnover up to ₹1.5 crore are eligible. For select states, the limit is ₹75 lakh.
The scheme offers lower tax rates, simplified compliance, quarterly tax payments, and reduced paperwork.
Yes, taxpayers already registered under the Composition Scheme must also file CMP-02 within this period to continue their enrollment for the next financial year.
CAclubindia
