We are into trading of Bandsaw blades. Bought from Noida, & sold in Gujarat, having a very low turn over (less than 10 lakh) Pls suggest if form CMP 01 is applicable to our business.

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Form CMP-01 is for opting Composition scheme. Composition scheme can be opted only if the turnover is below 75 lakhs and the supplier is making only intra-state supply. In case of inter-state supply and supply through e-commerce operator composition scheme is not available. If you are registered in Gujarat and supplying only in Gujarat, then you can opt for composition scheme.

Answered 7 days ago.
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Gen GST