What is the threshold for opting to pay tax under the composition scheme

What is the threshold for opting to pay tax  under the composition scheme

Topic Name – What will be the implications in case of receipt of supply from unregistered persons

Composition Scheme is a simple and easy scheme under GST for taxpayers. Small taxpayers can get rid of complex GST formalities and pay GST at a fixed rate of turnover. This scheme can be opted by any taxpayer whose turnover is less than Rs. 1.5 crore.

Latest Update on 6th Feb 2023

Composition taxable persons and those interested to opt into the scheme for FY 2023-24 can do so by submitting a declaration on the GST portal in Form CMP-02 by 31st March 2023.












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Tabish Ahmad is an Advocate at Patna High Court works in the area of Corporate Law and Corporate Litigations. Tabish represented many clients in complex legal issues focusing on corporate compliance. As An Advocate it is the duty towards nations to make the citizen and businessmen aware about laws and compliances in order to comply as law abiding citizens.

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