Compliance Pack
Opting into composition, CMP-02
- 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.
- Deadline: Before the financial year starts (by 31 March); stock intimation in ITC-03 within 60 days of the start date
- Done in 1 working day after documents
- Prepared by your Savvy, checked by a CA
- GSTIN and portal login
- Was PAN-wide turnover within ₹1.5 crore
- Eligibility and cost check
- CMP-02 ARN and composition status
Opting into composition, CMP-02
Before the financial year starts…
- IWhat we need from you7 documents
- DQuestions for you6 questions
- FForms5 steps
- DWhat you getCMP-02 ARN and composition…
Answer in brief
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.
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From the official sources
What the law says, and what trips people up
From the official portal's manuals and FAQs, with the source for each point.
A Savvy walks you through the law and the portal for your exact case.
IDFD
How we solve it: 4 steps
Every line tracked live.
Step 1 of 4 · What we need from you
Tap each one you already have
- GSTIN and portal login
- PAN-wide turnover last year
- All GSTINs on the PAN
- Nature of supplies
- Inter-State and e-commerce sales list
- Closing stock with ITC details
- DSC or EVC access
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Answers on this topic
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Pay and start
₹999
₹999 + ₹179.82 GST = ₹1,178.82
One time (before the financial year). 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
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