Returns non filed period high sales or actual sales

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.
Replies (3)
Quick Summary
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.

Actual turnover should be shown. what's the basis of high turnover?
High turnover meaning dealer previous year returns filed period high sales turnover declared in composite returns.
You should show actual turnover only in the return.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 07 September 2026
CA Articles

Kothari Jain Patil & Chartered Accountants

Pune

CA Inter

View Details
Company
ARTICLESHIP 24 August 2026
Article Assistant

M/s.S.G.Salecha & Co.

Mumbai

CA Inter

View Details
Company
19 September 2026
Finance Manager

Mugdha Art Studio

Hyderabad

CA

View Details
Company
18 September 2026
Accounts & Finance Specialist

ULTRA CHEMICAL WORKS

Thane

CA Final

View Details
Company
Featured 11 September 2026
Audit Executive

RBSM Corporate Advisors Private Limited

Pune

CA

View Details
Company
ARTICLESHIP 29 August 2026
Article Assistant

RRPM & ASSOCIATES LLP

Chennai

CA Inter

View Details
Company
ARTICLESHIP 16 September 2026
CA Article Trainee

SR BAGAI & Co.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 18 September 2026
Industrial Trainee

Twenty Point Nine Five Ventures Private Limited

Noida

CA Inter

View Details