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 22 October 2026
Articleship intern

Srinath Manikanta

Hyderabad

CA Inter

View Details
Company
07 October 2026
Senior Account Manager

Amplio Invest

Mumbai

M.Com

View Details
Company
08 October 2026
Accounts and Tax Associate

POOJA R TELI & CO

Pune

CA Inter

View Details
Company
ARTICLESHIP 28 October 2026
Article assistants

Shyam S Gupta and Company

New Delhi

CA Inter

View Details
Company
Featured ARTICLESHIP 31 October 2026
CA Articleship

apricus india

Navi Mumbai

CA Inter

View Details
Company
10 October 2026
Accounts Associate Level 1

Abic and Mani Chartered Accountants

Kottayam

B.Com

View Details
Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details
Company
ARTICLESHIP 07 October 2026
Article Trainee/ CMA Trainee

RMA And Associates LLP

New Delhi

CA Inter

View Details