The government introduced the composition scheme for small taxpayers as a means to reduce their compliance burden. Businesses with a turnover of up to Rs.1.5 crore (Rs.75 lakh in the case of special category states) or Rs.50 lakh in the case of service providers can opt into the composition scheme, subject to fulfilling the required conditions.

In this video, we will tell you when to opt into the composition scheme as well as show you how to opt into the scheme using CMP-02 on the GST portal.

To learn more about the composition scheme under GST, you can refer to this article here: [ Ссылка ]

To file CMP-02 on the GST portal, you can follow the steps mentioned in this article:
[ Ссылка ]

Try ClearGST today. It is India’s most trusted GST filing platform for GST returns. Explore the ClearGST software here: [ Ссылка ]

The video covers the following:
0:00 Introduction
1:00 What is the composition scheme?
2:12 New update to the composition scheme
2:47 When to opt into the composition scheme?
3:22 How to opt into the composition scheme using CMP-02
4:28 Why choose ClearGST to file your GST returns?
5:12 Demo of the ClearGST solution
5:22 Closing

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