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| Clarification regarding Composition Scheme for Service provider |
With Respect to the option to pay tax under Notification 2/2019 CT (Rate) - i.e. Composition Scheme for Service provider where the service provider has to pay tax at Flat 6% without availing any input tax credit, CBIC has issued following clarifications vide circular No. 97/16/2019-GST
1. If the registered person wants to opt for the composition scheme of Service provider as per notification no. 2/2019 CT (Rate), will have to file GST CMP-02 latest by 30th April 2019 on the portal.
2. For a new registration, the option to opt for the scheme will be available in GST Reg-01 at sr. No. 5 and 6.1(iii).
3. Once option exercised, it shall be deemed to be applicable to all the registration under the same PAN.
4. The option to pay tax by availing benefit of the said notification shall be effective from the beginning of the year or from the date of Registration.
You may also visit our website www.camtc.in for more details.
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