Composition scheme for service providers

[SANJAY JAIN]

What is the process for opting the composition scheme of 6% upto turnover of ₹ 50 lakhs for service providers, whether any form is available for the same on GST portal?

Thanks

Sanjay

[SHARAD ANADA]

Please refer Notification No. 2/2019-Central Tax (Rate) 07.03.2019

[Ganeshan Kalyani]

The notification provides for various condition so as to become eligible to opt for paying tax @6%.

AI Summary

Composition scheme for service providers permits simplified tax payment under prescribed notification, subject to eligibility conditions and procedural requirements.
Opting into the composition scheme for service providers is governed by Notification No. 2/2019 Central Tax (Rate) dated 07.03.2019, which prescribes the composition rate, the turnover threshold and the eligibility conditions and other requirements that a service provider must satisfy to opt for and comply with the scheme.