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Home / Finance / Taxes / How to avail composition scheme under GST?
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How to avail composition scheme under GST?

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0 2022-09-08T18:07:10+00:00

Small enterprises are covered under the GST law's composition structure. They are relieved of the stress of adhering to the law's compliance and requirements. I have listed down the overall procedure I follow to avail composition scheme under GST as a small business owner myself.  Here’s how to avail composition scheme under GST.

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How to apply GST composition scheme?

1) You must go to the Goods and Services Tax portal and choose the Composition Levy online.

GST Official Portal

2) You should select "New Registration" under the services option on the main page. The application process that follows is divided into two steps:

  • New Registrations

  • Temporary Reference Number (TRN)

3) Open the new registration page by selecting the New Registration ” option.

4) Provide all the essential information, enter the OTP and select the “Proceed” option.

5) Select the "Login" option to view the page requesting your username and password.

6) Input the right "Username" and "Password" details together with the captcha, and then select "login."

7) Then choose "Application to Opt for Composition Levy" from the Registration menu under the service tab.

8) Then you will be redirected to a whole new page where you have to enter the required information.

9) Then select the boxes that need verification.

10) Next choose the Authorised Signatory from the drop-down selection.

11) After you choose the Authorised Signatory and the Location, the choices to complete the form are active.

12) Specify the location of the application's filing in the Place field.

13) Select the "Save" option to store the application form and access it later.

Sign the document using the EVC or Digital Signature Certificate (DSC) option. You will then receive an OTP after picking one of these alternatives from the list below.

14) If you use a DSC, you must first choose the registered DSC from the emSigner pop-up screen, and then follow the on-screen instructions from there.

15) The next step is the EVC option to enter the OTP and then click the Validate OTP box.

16) A confirmation question will be seen on the website. Click the Proceed button to continue.

17) The system obtains the registered digital signatures accessible through the emSigner. You will get a pop-up notification asking you to choose their preferred DSC. After seeing the pop-up notice, choose the appropriate signature to get the confirmation.

18) The system will create the ARN and show a confirmation message following a successful submission of the request for cancelling registration.

19) The GST Website also delivers a confirmation message to the registered mobile phone number and email address.

20) The system produces the ARN for the task performed after the request to select the composition charge is submitted properly. The ARN will create and deliver the link to the registered SMS or Email within the following 15 minutes. This is all about how to register composition scheme under GST.

Now you know how to avail composition scheme under GST.

Read More: What is the limit for RCM under GST? What is the validity of the GST registration certificate? What is GTA in GST? How to change taxpayer type in GST?
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