Master in Accounts & high court Advocate
9518 Points
Joined December 2011
Reporting in CMP-08: it is a statement for taxpayers under the coposition scheme. You need to show the turnover and tax liability.
Check if life and healh insurance commissions are part of the turnover for composition levy Typically, for composition dealers tax is paid on turnover from goods/services they are registered for.
If these commissions are part of taxable turnover, include them in the turnover calculation for CMP-08 and pay tax accordingly.