Important Update: Taxpayers Can Opt for Composition Scheme for FY 2024-25 on GST Portal until March 31, 2024.

The GSTN has issued an update stating that taxpayers can opt for the Composition Scheme for the Financial Year 2024-25 by accessing the GST Portal. The portal will remain open until March 31, 2024, for this purpose. To opt for the Composition Scheme, taxpayers should navigate to ‘Services -> Registration -> Application to Opt for Composition Levy’ and file Form CMP-02.

Source : #GST Portal