Intimation for Opting Composition Levy [Rules 3 & 4]

# Intimation of Opting for Composition Levy

## Two scenarios

### (i) New registrant

• Opt for composition in Part B of FORM GST REG-01 at the time of applying for registration.
• Effective from: the date registration is granted.

### (ii) Existing registered person

• File intimation electronically on the GST portal before the commencement of the FY for which the option is exercised.
• Furnish statement as per Rule 44(4) within 60 days from the commencement of the relevant FY (intimating ITC reversal on stock).
• A single intimation suffices for the PAN: it applies to all other places of business registered under the same PAN.
• Effective from: beginning of the FY.

## Practical timeline (existing registrant)