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FILLING OF CMP-08

Manmohan (Accountant) (23 Points)

16 July 2019

What is CMP-08 when it should be filled

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2 Replies

Prince Ahmad Khan (4 Points)
Replied 16 July 2019

CMP-8 IS NOT AVAILABLE ON THE PORTAL, BESIDES CUT OF DATE IS APPROACHING FAST, TWO DAYS LEFT. WHAT CAN COMPOSITE DEALER DO FOR FILING OF SAID FORM

Pankaj Rawat (GST Practitioner) (55032 Points)
Replied 17 July 2019

All the registered taxpayers paying tax under the provisions of section 10 of CGST Act 2017 or availing benefits of Notification No. 2/2019-Central Tax (Rate) dated 07th March 2019 have been categorized under ‘special category of persons’ by the CBDT. A special procedure has been laid out by the CBDT via Notification no. 21/2019 – Central Tax dated 23rd April 2019 for such persons to file their tax returns, registered under the composition scheme

A taxpayer who opted composition scheme is required to file GST CMP 08 for depositing payment quarterly.

Step-by-step Guide to Fill GST CMP-08 Form

Step 1:

In step one, the taxpayer must enter his/her GSTIN details.
GST CMP 08 Table 1

Step 2:

After entering GSTN number, the taxpayer must fill basic details like legal name, trade name, ARN, and date of filing.
GST CMP 08 Table 2

Step 3:

The third column of the form contains details/summary of the self-assessed tax liability. The taxpayer must provide details like outward supplies, inward suppliers, tax payable, and interest paid (if any) in this particular section.
GST CMP 08 Table 3

Step 4:

At last, the taxpayer must self verify all the entered details through signing the Form along with other details like place, date, etc.

Points to Remember

Taxpayers can file ‘NIL’ returns if the total tax liability is zero for the given quarter.
The taxpayers have to pay interest and penalty in case of missing the due date of return filing.
Tax Liabilities also include adjustment on account of advances, credit/debit notes or, rectifications.