Form GST CMP 08- Statement for payment of self-assessed tax for Composition Taxpayers

Vide notification no. 20/2019 – Central Tax dated 23rd April 2019, the Central Goods and Service Tax (Third Amendment) Rules, 2019 were introduced. With the said introduction, the return filing requirement of the Composition Scheme dealers was modified.

Further, vide notification no. 21/2019 – Central Tax dated 23rd April 2019, the special procedure to be followed by the Composition Scheme dealer for filing of the returns was laid down.

Understanding the position prior and post amendment –

Particulars Position prior to amendment Position Post amendment
Form of quarterly return Form GSTR-4 Form GST CMP-08
Due date Within 18 days of the month succeeding the quarter Within 18 days of the month succeeding the quarter
Additional requirement _ Form GSTR-4 every financial year within 30th April following the end of the financial year.

Under the current article, we would understand the provisions attached with Form GST CMP-08.

Form GST CMP-08

From April 2019, the Composition scheme dealer is required to file quarterly return in Form GST CMP-08 – ‘Statement for payment of self-assessed tax’.

In Form GST CMP-08, the composition scheme dealer is required to provide the details / summary of self-assessed tax payable for the given quarter. The return also acts as a challan for making payment of requisite tax.

Form GST CMP-08 is basically divided into 4 parts. Following table helps to understand the same –

Parts Particulars Comments
1 GSTIN Please enter valid GSTIN
2 Legal name; Trade name; ARN; Date of filing All the details would be auto filed
3 Summary of self-assessed liability –

1.    Outward supplies

2.    Inward supplies attracting a reverse charge and import of services

3.    Tax payable

4.    Interest payable

5.    Tax and interest paid

This is the major part wherein details of outward supplies; inward supplies; tax payable and tax paid is to be provided
4 Verification _

Persons who are required to file Form GST CMP-08

Following categories of the persons are required to file quarterly return in Form GST CMP-08 –

Due date of filing of Form GST CMP-08 

The Composition scheme dealer is required to file return in Form GST CMP-08 within 18 days of the month succeeding the quarter. Thus, the due date would be as follows –

Quarter Due date
April to June 18th July
July to September 18th October
October to December 18th January
January to March 18th April

Please note, vide notification no. 34/2019 – Central Tax dated 18th July 2019, the due date for filing of the first newly introduced Form GST CMP-08, for the quarter April to June, 2019, has been extended from 18th July 2019 to 31st July 2019.

Consequence of non-filing of Form GST CMP-08

If the composition scheme dealer fails to furnish requisite return in Form GST CMP-08 within the prescribed due date, then, the dealer would be liable to pay penalty / late fee of INR 200 per day [INR 100 per day CGST + INR 100 per day SGST] from the due date of filing of return till actual date of filing of the return.

However, the maximum amount of penalty / late fee payable would be INR 5,000.

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21 Comments

  1. Pandu says:

    I have filed CMP 08 first quarter april_june the filing message also came to the mail but in the status it is not found anything like filed what is the reason

  2. vicky Lalwani says:

    i m a composition dealer having sales of both taxable and non taxable supply on which amount i pay tax as per the notification 1/2018 only taxable sales attract the tax liability but in CMP 08 first row written as out ward supply (including exempt )

    please suggest that what can do

  3. Kollipara sundaraiah says:

    Sir,
    Composite scheme dealer turnover below 40 lacs limit.gst number no cancelled.composite dealer April to June,2019 quater composite tax pay exempted.

  4. Sridhar Chinnam says:

    Hi,
    Where is CMP 08 on GST PORTAL, Still not visible
    does it take more time as they have extended the date this time to July 31st for paying CMP 08 Liability.

    Can you please suggest if you have any information on this as the customer care doesn’t have any specific information.

  5. Prakash Kochar says:

    A composition Dealer has missed sale of 10 lakhs, (shown less) in March19. Now he want to make payment of tax with interest., How to make payment? In which chalan payment is to be done.
    In new form CMP 08 there is no col. for amendment related to earlier returns filed. If payment on line is made, it will remain in cash ledger. Unless it is adjusted against liability of March 19, though payment is made now, the interest will attract till its adjustment.
    Kindly suggest.

  6. M VENKATESWAR RAO says:

    Sir
    I got around Rs. 20 lakh from National highway authority of India as compensation for parting with my agriculture land for the construction of road by NHAI. Is that money is taxable, if it is taxable what to do for minimising the tax amount to be paid.

    Regards

  7. Sanjay Kumar says:

    good article, easily understandable for professionals and students.

    thanking you
    yours sincerely

    Sanjay Kumar, Advocate

  8. Venkatraja Bhat says:

    There is no late fees for CMP_08, because it is not a return, but it is a statement. Interest is there for late filing.

  9. SIDDHARTH says:

    If the composition supplier inadvertently paid the GST challan for APR-JUNE as usual as applicable till march, now what is the remedy to adjust in CMP-08

  10. Jainudin laxmidhar says:

    Where is CMP08 available?
    We heard a lot, but not on GST Portal can you give website address of CMP o8 on portal?

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