FAQ on Composition Levy provisions under GST

Q 1:Can a person making application for fresh registration under GST opt for composition levy at the time of making application for registration Ans.Yes. Such persons can give the option to pay tax under the composition scheme in Part B of FORM GST REG-01. This will be considered as an intimation to pay tax under the composition scheme. Q 2.Can the option to pay tax under composition levy be exercised at any time of the year Ans.No. The option is required to be given electronically in FORM GST CMP-02, prior to the commencement of the relevant financial year. Q 3. Can a person who has already obtained registration, opt for payment under composition levy If so, how Ans.Yes. Such persons need to give intimation electronically in Form GST CMP-02 but from beginning of the financial year only.

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