Overview
Overview
The composition scheme offers simpler compliance and a fixed rate on turnover for eligible small businesses, but restricts input tax credit and some supplies.
We compare composition with the regular scheme for your business and handle opting in and quarterly compliance.
Who this is for
- Small traders and manufacturers
- Restaurants and small service providers
Scope of work
The precise scope is confirmed in writing for each engagement. It typically includes:
- Eligibility and cost-benefit analysis
- Opting in or out
- CMP-08 and annual return filing
- Invoice (bill of supply) guidance
Documents usually required
- 01Turnover details
- 02Purchase and sales summaries
- 03GST login access
We share a checklist specific to your case. Please do not send identity or financial documents by email — existing clients can upload them securely through the client portal.
How we work
- 1
Initial discussion
We understand your situation, the period involved and what you need from the engagement.
- 2
Scope & document list
You receive a written scope and a checklist of the information we need.
- 3
Preparation & review
Our team prepares the work, which is then reviewed by a senior professional.
- 4
Your approval
We walk you through the outcome and obtain your confirmation before anything is filed or issued.
- 5
Completion & records
Filing or delivery is completed as applicable, and acknowledgements and working papers are shared or retained.
Frequently asked questions
Can I switch back to the regular scheme?
Yes, subject to the procedure and conditions in the law, including treatment of stock and credit.
Last updated 11 Oct 2026. This page is general information, not professional advice. Applicability depends on your facts and the law in force; we do not guarantee any particular outcome, saving, registration or approval.