According to the recent GSTN update, taxpayers can opt for the Composition Scheme for the financial year 2025-26 by filing Form CMP-02 on the GST Portal. The opt-in period is from February 4 to March 31, 2025. To apply, navigate to Services → Registration → Application to Opt for Composition Scheme on the GST Portal during this timeframe.
“Taxpayers can opt for the Composition Scheme for FY 2025-26 via GST Portal (‘Services -> Registration -> Application to Opt for Composition Levy’) from February 4 to March 31, 2025, by filing Form CMP-02.”
Source A2ztaxcorp
