FAQ- To Opt Composition Scheme( Explained under GST)
1. How to opt for the Composition Scheme in GST? You can opt for the Composition Levy under GST if you are a regular taxpayer with an aggregate annual domestic PAN-based turnover as specified from time to time. However, you cannot opt for the Composition Levy if you are/you make: - any supply of goods which are not liable to be taxed under this Act - inter-state outward supplies of goods - supplies through electronic commerce operators who are required to collect tax under section 52. - a manufacturer of notified goods - a casual dealer - a Non-Resident Foreign Taxpayer - a person registered as Input Service Distributor (ISD) - a person registered as TDS Deductor/Tax Collector 2.How do I apply for Composition Scheme if I am already registered as a regular taxpayer? To opt for the Composition Levy, perform the following steps on the GST portal: Log in to the Taxpayers’ Interface Go to Services > Registration > Application to Opt for Composition Levy Fill the form as per the form