
CA Ankur Mundhra
January 31, 2025 at 11:21 AM
🚨 Attention Taxpayers! 🚨
Planning for FY 2025-26? You can now opt for the *Composition Scheme* via the GST Portal! 🖥️
📅 *When?* February 4 to March 31, 2025
📝 *How?* File *Form CMP-02* under Services -> Registration -> Application to Opt for Composition Levy
*What is the Composition Scheme?*
It’s a simple, hassle-free way for small businesses to pay GST! Instead of dealing with complex invoices and filing multiple returns, you pay a fixed percentage of your turnover as tax. 🧾
✅ *Benefits*:
-Less compliance burden
-Fixed tax rate (lower than regular GST)
-Quarterly returns instead of monthly
Perfect for small businesses looking to save time and focus on growth! 🌱 https://x.com/caankurmundhra/status/1885283847182672079
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