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Composition scheme taxpayer returns form
A taxpayer GST registered under composition scheme whose annual turnover below 1.5 crores. please guide which form require to file under GST and due date of submission
Replies (5)
@ biswajit
Composition dealer furnish details of supply on quarterly basis up to 18th of the month Following to the quarter in the form CMP08.
AND
File annual return in the form GSTR4 upto 30th April following to such financial year.
Composition dealer furnish details of supply on quarterly basis up to 18th of the month Following to the quarter in the form CMP08.
AND
File annual return in the form GSTR4 upto 30th April following to such financial year.
@ Rajan How would calculated the tax on composition scheme. we are in trading business of household thing
@ biswajit
CGST payable- Total sales for the quarter × .5%
SGST payable- Total sales for the quarter × .5%
CGST payable- Total sales for the quarter × .5%
SGST payable- Total sales for the quarter × .5%
At present they are required to file FORM GST CMP-08 on a quarterly basis.
And the tax rate for Composite dealer as a trader is 1% GST on turnover (Refer Section 10(1)(b))
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