This discussion clarifies the correct method for reporting sales turnover in the CMP-08 return for the April-June 2021 quarter. It confirms that only the current quarter's turnover should be reported. The advice also covers paying FY 20-21 tax liabilities via DRC-03 and managing current year tax through a negative liability statement.
17 July 2021
A composite tax payer outward supplies tax rate wise not reported column 6 of gstr4 in f.y.20-21 negative liability show in gstr4. Question: Dealer composite return April-june-21 quarter sales turnover show in April to June-21 return only or previous year in 20-21 sales turnover both sales turnover show in cmp-08 return April-june 21 quarter is correct method.
17 July 2021
Correct Method is to show April- June 2021 turnover only in CMP-08. It is advisable to pay the liability of F Y 20-21 by DRC-03 . and pay tax of current year through negative liability statement.