The Government of India has announced that regular GST taxpayers who wish to opt for the Composition Scheme for the Financial Year 2026–27 may now submit their option online through the GST Portal. The facility has been activated to enable timely compliance and ensure seamless transition for eligible businesses.
Procedure to Apply
Taxpayers intending to switch to the Composition Scheme can complete the process by following these steps on the GST Portal:
- Log in to the GST Portal
- Navigate to: Services → Registration → Application to Opt for Composition Levy
- File Form CMP-02 to formally opt in for the upcoming financial year
This simple, fully digital process is aimed at enhancing taxpayer convenience and reducing compliance burden for small and medium-sized businesses.
Last Date for Submission
The deadline for filing Form CMP-02 is:
- 31st March 2026
Taxpayers are advised to submit their option well before the deadline to ensure uninterrupted applicability of the Composition Scheme benefits from 1st April 2026.
Who Should Apply?
This update is particularly relevant for:
- Regular taxpayers planning to shift to the Composition Scheme
- Small businesses seeking simplified GST compliance
- Traders and service providers eligible under the prescribed turnover limits
Timely filing is essential, as opting in after the deadline will not be permitted for FY 2026–27.
Government Advisory
Taxpayers are encouraged to review their eligibility criteria and initiate the application at the earliest. The GST Network (GSTN) continues to streamline services to promote ease of doing business and efficient compliance under the GST framework.
Source from: https://a2ztaxcorp.net/wp-content/uploads/2026/02/GSTN-Update-07.02.2026.pdf
