Taxpayer can opt for composition levy scheme this way for FY 2024-25
A taxpayer who registered as regular person can opt for composition levy scheme if eligible for the same. for new registration you have to select option for composition levy if eligible. For existing registered dealer who wish to opt composition scheme, they have to apply for composition levy in Form GST-CMP-02 at GST Portal prior to the commencement of financial year for which the option to pay tax under the aforesaid scheme is exercised.
For FY 2024-25 a taxpayer can apply for composition scheme in Form GST-CMP-02 at GST Portal on or before 31st March 2024.
To opt a taxpayer can navigate after login at GST portal services > Registration > Application to Opt for Composition Levy and file Form CMP-02.
Taxpayer do not need to apply every year for this scheme, once registered as composition levy continue to be a composition dealer until liable to register as regular registered dealer.