Switch from Regular to Composition GST Scheme with SSJ GST Suvidha Kendra
Introduction
Is your business spending more time and money on monthly GST compliance than growing revenue? If yes, it might be time to switch to the GST Composition Scheme. This simplified system reduces tax burden, requires fewer filings, and suits small businesses best.
At SSJ GST Suvidha Kendra, we offer a smooth and affordable transition from Regular to Composition Scheme for just ₹699, handled entirely online with full professional support.
What is the GST Composition Scheme?
The Composition Scheme is a taxpayer-friendly system under GST, meant for small businesses with limited turnover. It:
- Charges tax at a fixed, lower rate
- Allows quarterly returns instead of monthly
- Restricts certain activities like interstate sales or e-commerce participation
Regular GST vs Composition GST – What’s the Difference?
| Feature | Regular GST Scheme | Composition GST Scheme |
|---|---|---|
| Tax Filing | Monthly | Quarterly |
| Input Tax Credit (ITC) | Available | Not Available |
| Tax Rate | Varies (up to 18%) | Fixed (1%-6%) |
| Invoice Format | Detailed | Simple, No ITC allowed |
| E-commerce Sales | Allowed | Not Allowed |
| Inter-state Trade | Allowed | Not Allowed |
Who Can Switch to the Composition Scheme?
You are eligible if:
- Your annual turnover is below ₹1.5 crore
- You deal only in intra-state supply
- You don’t sell on Amazon, Flipkart, etc.
- You don’t want to claim input tax credit
- You are a manufacturer, trader, or service provider (with limits)
Why Switch? Top Benefits
- Lower Tax Liability
- No complex input-output tracking
- Quarterly filing = more time for business
- Best fit for shopkeepers, local traders, and freelancers
How to Switch – Step-by-Step
- Log in to GST portal
- File Form CMP-02 before 31st March of any financial year
- Declare stock held using Form ITC-03
- Update invoice and accounting systems
That’s where SSJ GST Suvidha Kendra helps!
Post-Conversion Responsibilities
After switching:
- You’ll file GSTR-4 quarterly
- You must display “Composition Taxpayer” on your invoices and shop board
- You can’t claim ITC or issue tax invoices
- Maintain simplified books of accounts
Documents Required
- PAN & Aadhaar card of business owner
- Proof of business turnover
- GST portal login credentials
- Stock declaration (if ITC to be reversed)
When Not to Switch?
Avoid switching if:
- You do interstate business
- You supply through online platforms
- You need input tax credit
- Your clients require GST invoices with ITC
Common Mistakes to Avoid
- Filing CMP-02 late
- Forgetting to file ITC-03 for old stock
- Not updating billing format
- Assuming Composition Scheme is for everyone
How SSJ GST Suvidha Kendra Helps You
We handle everything from:
- Verifying your eligibility
- Filing CMP-02 on your behalf
- Assisting with ITC-03
- Setting up your compliance for the new scheme
And all of this at just ₹699.
What’s in the ₹699 Plan?
- GST composition conversion filing
- GST portal handling
- ITC reversal assistance
- Expert advisory on next steps
- Compliance checklist provided
FAQs
Can I switch back to Regular scheme later?
Yes, at the beginning of a new financial year by filing Form CMP-04.
Is ITC on existing stock recoverable?
No, you’ll need to reverse it using Form ITC-03.
Can I sell goods interstate after switching?
No. Only intra-state transactions are allowed under Composition.
What if I switch late in the year?
Then the scheme applies only from the next financial year.
Do I need to inform customers?
Yes. All invoices and your premises must display “Composition Taxpayer”.
Conclusion
The GST Composition Scheme is a perfect fit for businesses that value simplicity and savings over complex compliance. If you’re tired of monthly returns and tracking ITC, switching to the Composition Scheme is a smart step forward.
SSJ GST Suvidha Kendra (SGSK) makes it easy, affordable, and 100% online for just ₹699.
Start your transition now at www.gst.ssjdeveloper.com and simplify your GST journey today.
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