A registered composite scheme CMP-08 returns non filed period from 2020 to 2023.department notice issued high sales turnover mentioned. question: dealer high sales turnover show in returns or actual turnover show for non filed period.
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This discussion clarifies how to handle CMP-08 returns for periods where filings were missed between 2020 and 2023. If the department issues a notice regarding high sales turnover, it's crucial to understand that you should declare your actual turnover, not a previously declared high turnover from composite returns. The basis for the 'high turnover' mentioned by the department likely refers to previous declarations, but your current non-filed returns must accurately reflect your actual sales.