Composition scheme
Ravi Chauhan (Inter CA) (126 Points)
26 February 2019
Application to opt for Composition levy will start from which date for financial year 2018-19?
5 Replies
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 26 February 2019
No now for FY 2018-19 you cannot opt for composition scheme .
As per sub Rule (3) of Rule 3, can opt for composition scheme by filing CMP 03 online on portal prior to the commencement of Financial Year .
Note : Have to file ITC 03 also
As per sub Rule (3) of Rule 3, can opt for composition scheme by filing CMP 03 online on portal prior to the commencement of Financial Year .
Note : Have to file ITC 03 also
Ravi Chauhan
(Inter CA)
(126 Points)
Replied 26 February 2019
from which date I will be able to opt for Composition scheme for financial year 2019-20???
Priya Kashyap
(Student)
(7053 Points)
Replied 26 February 2019
can only be done before Start of financial year
Still if for next FY 2019-20:
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.
Still if for next FY 2019-20:
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.
Yashodeep Chauhan
(Chartered Accountant)
(573 Points)
Replied 04 March 2019
The facility to Opt-In for Composition Levy (Form GST CMP-02) for Financial Year 2018-19 is disabled for now.-
PS. Trying to file CMP-02 for FY 2019-20. Anybody has update on this.
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