The dealer who opts for the composition scheme has to make a declaration with the government by filing Form GST CMP-01 or Form GST CMP-02. CMP-01 is meant for the migrated taxpayer who wants to opt for composition scheme. The taxpayer has to inform the Government about his decision to opt for the scheme in the beginning of the financial year. And, if he opts for the same in the middle of a financial year, then the rules of the scheme will be applicable from the succeeding month in which CMP-02 is filed.
Next select the “Name of Authorized Signatory” from the drop-down menu. Enter the “Place” and click on “Save”.
As soon as you click on Proceed, a success message will be displayed. An acknowledgement will also be sent to your registered email ID and mobile number.
This completes the process of filing CMP-02 on the GST Portal.
Within 90 days of filing CMP-02, the composition dealer has to file CMP-03.