Quick Summary
Form CMP 08 is a statement cum challan to declare the details or summary of a taxpayers self-assessed tax payable for a given quarter. Composition Taxpayers need to file Form CMP 08 quarterly instead of GSTR 4 from FY 2019-20. A taxpayer can file NIL return if his/her total liability is 0 for a give
Daily Limit Reached
You have reached your daily limit of 2 Free Articles
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Broadcasts
- Daily E-Newsletter
- Unlimited Articles Access
BEST VALUE
2 YEAR PLAN
3,499
(Inclusive of GST)
1 YEAR PLAN
1,999
(Inclusive of GST)
View all CCI PRO benfits
Already a PRO member? Login here for an ad-free experience.
FAQ :
Form CMP-08 can be filed as a nil statement if you have no outward supplies, no liability due to reverse charge (including import of services), and no other tax liability for the quarter.
Yes, filing Form CMP-08 is mandatory for all taxpayers under the composition scheme, even if there's no business activity. If you meet the conditions, you can file it as NIL.
Yes, you can file Nil Form CMP-08 through SMS as an alternative to filing online through the GST Portal.
Eligibility includes being registered as a composition taxpayer, having filed all previous CMP-08 forms, having your authorised signatory and phone number registered on the GST portal, and having no saved data for the current CMP-08 online.
To file, send an SMS to 14409 in the format: NIL space <Return Type> space <GSTIN> space <Return Period>. For example: NIL C8 08ACQPG4437PKZE 062020.
The Verification Code is valid for 30 minutes and can only be used once.
CAclubindia
