Some changes have been introduced on the GST portal for taxpayers registered under or opting for, the Composition Scheme. These changes will apply to applications filed through Form REG-01, CMP-02, CMP-04 and REG-14.
- Introduction of New Composition Category
A new category has been introduced for composition taxpayers:“Person eligible for composition levy under Section 10(2A)”
Accordingly, taxpayers will now have the following options related to composition scheme:
Option A (Existing categories – multiple selections allowed)
- Manufacturers, other than manufacturers of such goods as may be notified by the Government for which option is not available
- Suppliers making supplies referred to in clause (b) of paragraph 6 of Schedule II
- Any other supplier eligible for composition levy falling in Section 10(1)
Option B (New category – single selection)
- Person eligible for composition levy under Section 10(2A)
Taxpayers can select either Option A categories or Option B category. But both the options cannot be selected together.
- Facility to Change Composition Category through REG-14
A new functionality has been introduced to enable composition taxpayers to change/update their category through Amendment application (REG-14).
Taxpayers must ensure that the selected category is correctly updated across all GSTINs linked to the same PAN.
Thanking you,
Team GSTN