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GST CMP 08 for Composition Taxpayers : Facts & Features

Composition Taxpayers can not find GSTR 4 (Querterly Return) in their dashboard from financial year 2019-20. A new return filing procedure was introduced in April 2019 and it is applicable from FY 2019-20 and onwards. Let’s take a look on new changes.

  • Form CMP 08 is a statement cum challan to declare the details or summery
    of a taxpayer’s self assessed tax payable for a given quarter.
  • Composition Taxpayers need to file Form CMP 08 quarterly instead of GSTR 4 from FY 2019-20.
  • Composition Taxpayers need to file Form CMP 08 on Quarterly basis.
  • Composition Taxpayer need to pay tax quarterly on their sales as earlier.
  • A taxpayer can file NIL return if his/her total liability is ‘0’ for a given quarter.
  • Interest shall be levied if payment is made after due date.

What is the Last date to file GST CMP 08 ?

Due date for CMP 08 is on or before 18th of the month succeeding the quarter.  at the portal. But Last date is extended for Apr-Jun quarter upto 31st July, 2019

Do the taxpayers need to file GSTR 4 ?

GSTR 4 is need to file annually instead of quarterly from FY 2019-20.


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