Thursday, 18 July 2019

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.

10 comments:

  1. I really appreciate this wonderful post that you have provided for us. I assure this would be beneficial for most of the people. Class 2 Digital Signature Certificate

    ReplyDelete
  2. GET YOUR BLANK ATM AND CREDIT CARD AT AFFORDABLE PRICE
    *We sell(encrypt) this cards to all our customers and interested buyers worldwide,
    the card has a daily withdrawal limit of $5000 and up to $50,000 spending
    limit in stores and unlimited on POS.*
    georgewilder402@gmail.com

    *BEWARE OF SCAMMERS AND FAKE HACKERS IMPERSONATING US BUT THEY ARE NOT FROM
    US CONTACT US ONLY VIA THIS CONTACT *
    WE ARE REAL AND LEGIT...........2019 FUNDS/FORGET ABOUT GETTING A LOAN
    *email georgewilder402@gmail.com

    ReplyDelete
  3. Tax Return

    This Ruling discusses when supplies of goods are connected with Australia under subsections 9-25(1), (2) and (3) of A New Tax System (Goods and Services ...

    to get more - http://newsite.ajas.com.au/tag/goods-and-services-tax/

    ReplyDelete
  4. PLEASE READ PLEASE READ PLEASE READ
    Hello everyone, i would like to share my experience on this platform. i have been hearing of Blank Atm for a while and i applied through a few people but i was scammed, not until i found Mr George who saved me from scammers, i got my blank ATM card in 5 days after application and tried the encrypted card in an ATM machine and pos cash store to my greatest surprise i was able to withdraw $3000 and that was the daily rate i applied for. to be honest there is no risk involved the card is not traceable and has an infrared signal that blocks off CCTV during your withdrawals. i just payed my daughters tuition fee and cleared my mortgage debts, i am also richer and started a business that is doing fine. Mr George is really a life saver and he is very genuine. You can contact him with this email address: blankatm402@gmail.com
    Best wishes

    ReplyDelete
  5. you shared such an amazing content in your blog. If you are tired to managing billis Try this. Best invoicing for small business

    ReplyDelete
  6. URGENT LOAN OFFER WITH 3% INTEREST RATE APPLY TODAY.
    Do you need finance to start up your own business or expand your business, Do you need funds to pay off your debt? We give out loan to interested individuals and company's who are seeking loan with good faith. Are you seriously in need of an urgent loan contact us.
    Email: aabidullahaameen62@gmail.com

    LOAN APPLICATION DETAILS.
    First Name:
    Last Name:
    Date Of Birth:
    Address:
    Sex:
    Phone No:
    City:
    Zip Code:
    State:
    Country:
    Nationality:
    Occupation:
    Monthly Income:
    Loan Amount:
    Loan Duration:
    Purpose of the loan:
    Email: aabidullahaameen62@gmail.com


    URGENT LOAN OFFER WITH 3% INTEREST RATE APPLY TODAY.
    Do you need finance to start up your own business or expand your business, Do you need funds to pay off your debt? We give out loan to interested individuals and company's who are seeking loan with good faith. Are you seriously in need of an urgent loan contact us.
    Email: aabidullahaameen62@gmail.com

    LOAN APPLICATION DETAILS.
    First Name:
    Last Name:
    Date Of Birth:
    Address:
    Sex:
    Phone No:
    City:
    Zip Code:
    State:
    Country:
    Nationality:
    Occupation:
    Monthly Income:
    Loan Amount:
    Loan Duration:
    Purpose of the loan:
    Email: aabidullahaameen62@gmail.com

    ReplyDelete
  7. Do you need Finance? Are you looking for Finance? Are you looking for finance to enlarge your business? We help individuals and companies to obtain finance for business expanding and to setup a new business ranging any amount. Get finance at affordable interest rate of 3%, Do you need this finance for business and to clear your bills? Then send us an email now for more information contact us now via financialserviceoffer876@gmail.com whats-App +918929509036 Dr James Eric Finance Pvt Ltd Thank

    ReplyDelete
  8. Dear Sir / Madam

    Do you need funds to start up your own business? Do you need loan to settle your debt or pay off your bills or start a nice business? Do you need funds to finance your project? We Offers guaranteed loan services of any amount and to any part of the world for (Individuals, Companies, Realtor and Corporate Bodies) interest rate of 2% within 1 year to 50 years repayment duration period to any part of the world. We give out loans within the range of $1,000 to $100,000,000 USD. Our loans are well insured for maximum security is our priority.

    For application and more information send replies to the following

    Lender's Name: Scott Tucker
    Lender's Email: scotttuckerloanfund@gmail.com
    What app Number: +16182279611

    ReplyDelete

  9. I live in UK London and i am a happy woman today? and i
    told my self that any lender that rescue my
    family from our poor situation, i will refer
    any person that is looking for loan to him,
    he gave me happiness to me and my family, i
    was in need of a loan of $250,000.00 to
    start my life all over as i am a single
    mother with 3 kids I met this honest and GOD
    fearing man loan lender that help me with a
    loan of $250,000.00 U.S. Dollar, he is a GOD
    fearing man, if you are in need of loan and
    you will pay back the loan please contact
    him tell him that is Mrs. Phyllis Sue South that
    refer you to him. contact Mr. Anthony Mitchell
    via email: (applicantonline3@gmail.com)

    ReplyDelete