Compliance Pack
Opting into composition, CMP-02
What this means, checked by a CA
Composition lets a small business pay a flat 1 percent (5 percent for restaurants, 6 percent for small service providers) on turnover with simple quarterly filing, but you cannot charge GST or claim input credit. We check if it suits you, file CMP-02 before 1 April, reverse credit on stock in ITC-03, and change your bills to bills of supply.
₹999
One time (before the financial year), + 18% GST
- Delivered in 1 working day after documents
- Due: Before the financial year starts (by 31 March); stock intimation in ITC-03 within 60 days of the start date
How we do it: IDFD
Every case runs through the same four steps: Information, Discussion, Forms, Deliverables. You see each one ticked as it happens.
InformationWhat we need from you · 7 items
GSTIN and portal login
File CMP-02
PAN-wide turnover last year
Tests ₹1.5 crore limit
All GSTINs on the PAN
SEZ GSTIN bars composition
Nature of supplies
Goods, restaurant or services rate
Inter-State and e-commerce sales list
Eligibility bar check
Closing stock with ITC details
ITC-03 reversal
DSC or EVC access
Sign the application
DiscussionWhat we discuss · 6 items
Was PAN-wide turnover within ₹1.5 crore (or ₹50 lakh for services)?
Basic eligibility
Do you sell goods to buyers in other States?
Inter-State outward supply bars composition
Do your buyers need GST input credit?
Composition bills carry no credit
Do you sell services through Zomato, Swiggy or another Sec 52 operator?
Services through such operators are barred
Do you make ice cream, pan masala, tobacco or aerated water?
Notified goods makers are barred
How much ITC sits in your stock today?
It must be reversed on entry
FormsForms we file · 5 items
Eligibility and cost check
Composition tax (turnover × 1, 5 or 6 percent) compared with regular GST payable after ITC
Where: Internal. Due: February to March
File CMP-02, Application to Opt for Composition Levy
Where: https://www.gst.gov.in. Due: Before the financial year starts (by 31 March)
File ITC-03 stock intimation and pay ITC on stock
ITC on inputs held in stock, inputs in semi-finished and finished goods on the day before the start date
Where: https://www.gst.gov.in. Due: Within 60 days of the composition start date
Switch bills to a bill of supply with the composition declaration
Where: Internal (billing software). Due: From 1 April
Diary the first CMP-08
Where: https://www.gst.gov.in. Due: 18 July for April to June
DeliverablesWhat you get · 3 items
CMP-02 ARN and composition status
When: Same day
ITC-03 ARN
When: Within 60 days
Bill of supply format
When: Before 1 April
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