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How to fill out form gst cmp-02 form

01

To fill out form GST CMP-02, follow these steps:

02

Visit the official GST portal and login to your GST account.

03

Go to the 'Services' tab and click on 'Returns' followed by 'Returns Dashboard'.

04

Select the financial year and return filing period for which you want to fill out the form.

05

Scroll down and click on 'New Return' and select 'GST CMP-02' from the list of forms.

06

Fill out the details in the form accurately. Provide your GSTIN, legal name, trade name, etc.

07

Specify the financial year and the date of opting for composition scheme.

08

Enter the details of stock available on the date of opting for the composition scheme.

09

Provide the details of inward supplies received from unregistered persons.

10

Submit the form and make any necessary payment if required.

11

After submission, take a printout of the acknowledgement for your reference.

Who needs form gst cmp-02 form?

01

Form GST CMP-02 is needed by individuals or businesses who have opted for the composition scheme under the Goods and Services Tax (GST) regime.

02

The composition scheme is a simplified tax scheme for small businesses with a turnover up to a certain threshold. By opting for this scheme, businesses can pay tax at a fixed percentage of their turnover and file quarterly returns.

03

Any individual or business registered under GST, and meeting the eligibility criteria for the composition scheme, can fill out form GST CMP-02 to opt for this scheme.

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What is form gst cmp-02 form?

Form GST CMP-02 form is a declaration to opt for composition scheme.

Who is required to file form gst cmp-02 form?

Businesses registered under GST and want to opt for composition scheme are required to file form GST CMP-02.

How to fill out form gst cmp-02 form?

To fill out form GST CMP-02, businesses need to login to the GST portal and select the form from the dashboard. Then, fill in the required details and submit the form.

What is the purpose of form gst cmp-02 form?

The purpose of form GST CMP-02 is to allow businesses to opt for the composition scheme under GST.

What information must be reported on form gst cmp-02 form?

The information reported on form GST CMP-02 includes details of the business, turnover details, and declaration to opt for the composition scheme.

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