How to give intimation to pay tax under composition Scheme of GST

By | July 20, 2017

Question : What is the form in which an intimation to pay tax under the composition scheme needs to be made by the taxable person?

Answer: Composition scheme is optional and intimation that option has been availed should be made electronically in FORM GST CMP-01 by the migrating taxable person. A person who has  already obtained registration and opts for payment under composition levy subsequently needs to give intimation eletronically in FORM GST CMP-02.

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About CA Satbir Singh

Chartered Accountant having 12+ years of Experience in Taxation , Finance and GST related matters and can be reached at Email : Taxheal@gmail.com

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