GST Returns for Composition Tax Payers has been changed from 1st April 2019
As Notification No. 02/2019– Central Tax (Rate), dated the 7th March, 2019
Extract of Notification
Furnish a statement, every quarter or, as the case may be, part thereof, containing the details of payment of self-assessed tax in FORM GST CMP-08, till the 18th day of the month succeeding such quarter.
AND
“furnish a return for every financial year or, as the case may be, part thereof in FORM GSTR-4, till the thirtieth day of April following the end of such financial year”
Changes w.e.f. 1st April 2019
Statement for payment of Taxes on Quarterly Basis in GST CMP-08 by 18th of the month succeeding quarter & Annually one GSTR-4 to be file by 30th April following the end of such financial year.
| Name of GST Returns | Due Date | Details to be submit |
|---|---|---|
| CMP-08 | 18th of Month after Each Quarter End | Payment to be made through this statement |
| GST-4 | 30th April of every year from end of such financial year. | Statement showing sales & purchase made during the year & tax paid on it through CMP-08. |
Kindly note that GSTR-4 has been discontinue from 01.04.2019 & Now GSTR-4 filling will be on annual basis & CMP-08 to be use for payment of taxes.
IF A TRADER WHO IS ON COMPOSITE LEVY SCHEME SUPPLY EXEMPTED GOODS THEN TAX WILL BE PAYABLE ON THAT EXEMPTED GOODS OR NOT ?
If there is no Payment for quarter then CMP 08 is necessary to file?
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