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To Opt Composition Scheme
The scheme aims to enable eligible GST taxpayers to opt for the Composition Scheme for simplified tax compliance and payment under the Goods and Services Tax (GST) regime.
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About This Scheme
The "To Opt Composition Scheme" is a centrally sponsored scheme implemented by the Finance Department, Government of NCT of Delhi, which aims to enable eligible GST taxpayers to opt for the Composition Scheme through a simplified tax payment and compliance mechanism under the Goods and Services Tax (GST) system. Eligible new and existing taxpayers can apply online through the GST Portal by submitting the prescribed application form. Existing taxpayers must submit the application before the commencement of the relevant financial year. Applicants are also required to file Stock Intimation within 30 days from the date of opting for the Composition Levy. Composition taxpayers are required to file the prescribed quarterly statement and annual return under GST.
Benefits
Simplified GST Compliance: Eligible taxpayers can opt to pay tax under the Composition Scheme instead of the regular GST scheme, enabling a simpler tax payment and compliance process.
Eligibility
Note: You may be eligible based on the information shown. Please verify the official eligibility requirements before applying.
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Required Documents
- ✦Permanent Account Number (PAN)
- ✦Goods and Services Tax Identification Number (GSTIN) (For Existing Registered Taxpayers)
- ✦Form GST REG-01 (For New Taxpayers)
- ✦Form GST CMP-02 (For Existing Registered Taxpayers)
- ✦Stock Intimation (Within 30 Days of Opting for Composition Levy)
- ✦Details of Stock Held on the Day Preceding the Date of Opting
- ✦Details of Inward Supply of Goods from Unregistered Persons (For Stock Intimation)
- ✦Input Tax Credit Reversal Details (For Stock Intimation)
- ✦Any other documents as required.
✦ Required ◦ Optional
How to Apply
OOnline
Quick Info
- Level
- Central Government