Taxpayers can now opt for Composition Scheme for FY 2023-24 on GST Portal:

Taxpayers can now opt for Composition Scheme for FY 2023-24 on GST Portal The Goods and Services Tax Network (“GSTN”) has enabled functionality for regular taxpayers can opt for the Composition Scheme for Financial Year 2023-2024.

How to Opt for a Composition Scheme?

regular taxpayers can opt for the Composition Scheme for Financial Year 2023-2024 by navigating to ‘Services -> Registration -> Application to Opt for composition Levy’ and filing Form CMP-02 on the GST Portal.

Who cannot opt for Composition Ley?

The registered person shall be eligible to opt, if he is not a manufacturer of such goods as may be notified by the Government on the recommendations of the Council. Please ensure you are not a manufacturer of any of the below commodities:

S.No.	Tariff item, subheading, heading or Chapter	Description
1.	2105 00 00	Ice cream and other edible ice, whether or not containing cocoa.
2.	2106 90 20	Pan masala
3.	24	All goods, i.e. Tobacco and manufactured tobacco substitutes
4.	2202 10 10	Aerated Water
5.	6815	Fly ash bricks or fly ash aggregate with 90 per cent. or more fly ash content; Fly ash blocks and Articles Of Stone Or Of Other Mineral Substances (Including Carbon Fibres, Articles Of Carbon Fibres And Articles Of Peat), Not Elsewhere Specified Or Included.
6.	6901 00 10	Bricks of fossil meals or similar siliceous earths
7.	6904 10 00	Building bricks
8.	6905 10 00	Earthen or roofing tiles

The due date for Opting to Composition Scheme

This functionality is available on the GST Portal till March 31, 2023.