We are composition scheme holder. File returns Cmp-08 quarterly basis. My question is should we liable to pay tax monthly basis.
for exp- Jan2020 sale figures Rs 4 Lacs. tax liability is Rs 4k (ie1% of sale value). should we deposit tax on February. if yes plz tell us the due date of payment
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Composition scheme Tax payment
Replies (4)
Quick Summary
You can pay quarterly basis. i.e 18th of next next quarter.
Liability will be payable on Quarterly basis by Composition Dealer...
So,
You can pay quarterly wise through filing of CMP-08.
But,
if You want to pay cash payment then You can pay through payment option and it's showing balance in Your Cash Ledger...
So,
You can pay quarterly wise through filing of CMP-08.
But,
if You want to pay cash payment then You can pay through payment option and it's showing balance in Your Cash Ledger...
Sir if payment made then it will be setoff at the time of quarterly return
Yes... Definitely.
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