Composition Levy
A flat percentage of turnover, four returns a year instead of twenty-four, and no input tax credit for anybody in the chain, which is why composition is right for the retailer and wrong for almost every client who asks for it.
- 6 pages
- 94
- Word and PDF
- 13 September 2026
The 3 formats inside
- 1Declaration under Rule 3 accompanying the intimation to pay tax under section 10s.10(2) · s.10(2A) · Rule 3 · Rule 5 · FORM GST CMP-02On its own₹149
- 2Intimation of withdrawal from the composition levys.10(3) · Rule 6(2) · Rule 6(3) · FORM GST CMP-04On its own₹149
- 3Composition taxable person, signboard declaration and bill of supply endorsementRule 5(1)(f) · Rule 5(1)(g) · s.31(3)(c) · Rule 49On its own₹149
Read the opening
The first part of “Declaration under Rule 3 accompanying the intimation to pay tax under section 10”, as it downloads. Blanks are highlighted.
On the letterhead of the taxpayer — to be signed by the client and retained on the file with FORM GST CMP-02
DECLARATION FOR THE PURPOSE OF EXERCISING THE OPTION TO PAY TAX UNDER SECTION 10
I, [Declarant's full name], [Proprietor / Partner / Director / Karta] of [Name of the taxpayer], holding PAN [Taxpayer's PAN] and GSTIN [Taxpayer's GSTIN], having exercised the option to pay tax under [section 10(1) / section 10(2A)] of the Central Goods and Services Tax Act, 2017 for the financial year [Financial year of the composition option] by an intimation in FORM GST CMP-02 filed on [Date of filing FORM GST CMP-02], do hereby declare as follows.
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