what is the return frequency for composition dealer? Is it QUARTERLY or YEARLY?
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Quick Summary
Composition scheme dealers in GST must file their returns on different frequencies. The CMP-08 challan-cum-statement needs to be submitted quarterly. However, the annual return, Form GSTR-4, is only required to be filed once a year.
As per Rule 62 r/w Notification 20/2019 CT , Every composition dealer are required to file statement Qtly in form GST CMP -08 (Paying tax Qtly) & need to furnished return in Form GSTR 4 annually.
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