Composition Scheme is a simple and easy scheme under GST because of taxable person who opt composition scheme is not required to maintain detailed records and filling of detailed returns. Limit under Composition Scheme: As per Section 10(1) of CGST Act, 2017 - A registered person whose ...
The Taxpayers having GST registration under the Composition scheme as well as the GST Professionals can now file this return easily. 2. Who shall file GST CMP-08? All taxpayers who have opted for the GST registration in composition scheme shall file GST CMP-08 every quarter. 2 kinds of taxp...
To enable easy compliance under composition scheme, the 32nd GST Council meeting has announced filing of one annual GST return. The payment of taxes will remain quarterly. Taxpayers who fail to meet the criteria for the scheme at any time during the financial year, or wish to opt out of th...
A registered person who wants to opt for payment GST at 3% by availing the benefit of the notification by filing intimation in the manner specified in rule 3(3) of the CGST Rules in FORM GST CMP-02 by selecting the category of registered person as “Any other supplier eligible for compo...