Composition Scheme under the Goods and Services Tax (GST) is a simple option for small traders, businesses and startups to transform in to GST & switch from unorganized to organized sector. Eligible persons opting this scheme, can pay tax on turnover at special rates of 1%.2%, 5% every Quarter instead of paying tax at normal GST rates.
Earlier the last date to opt for Composition Scheme was 16th August, 2017 and taking into consideration, the concerns of small traders, the GST Council decided to extend the due date to 30th September, 2017.
Hence any Registered Person (whether migrated or new registrant), who could not opt for Composition Scheme, shall avail it by 30th September,2017 and such Registered Person shall be permitted to avail the same with effect from 1st October,2017.
Please find the relevant due dates for Composition Scheme below:
Procedure to Opt for Composition Scheme from the Govt Portal
1. Log in to the Govt Portal with your valid credentials
2. Go to Services and Select Registration
3. Under Registration, Select Application to Opt for Composition Levy
4. Fill in the Particulars
5. Save the Data
6. Submit the Application with DSC/E-SIGNATURE/EVC