Form CMP-08

Annual Aggregate Turnover Computation Methodology under GST

Goods and Services Tax - Annual Aggregate Turnover Computation Methodology-Article explains Calculation of Number of GSTR- 3B eligible or liable to filed, Calculation of Number of CMP-08 eligible or liable to be filed, Extracted GSTIN-wise Number of GSTR- 3B filed and Turnover declared in GSTR-3B, Extracted GSTIN- wise Number of CMP-08 filed and Outward supply de...

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Significant Changes in GST Forms notified on 15th October, 2020

Goods and Services Tax - The Ministry of Finance on 15th October, 2020 notified various notifications incorporating various changes to the CGST Act and CGST Rule. In this Article we will discuss the various amendments made in GST Forms. Notification No. 74/2020- Central Tax Dated 15th October, 2020 This notification revised the due date for filing of GSTR-1 for s...

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9 New changes in GST on the occasion of Navratri

Goods and Services Tax - et’s study 9 major updates in GST, which are important for the taxpayers to take note of. Due to future changes & implementation of e-invoicing, it seems that's the GST department is willing to play Virtual Dandiya with a great enthusiasm with the taxpayers....

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Gist of Changes in GST Compliance – 15.10.2020

Goods and Services Tax - The Scheme of New returns was designed to be implemented by 1st Oct 2020 and accordingly the present scheme of GST return filing was mandated till 30th September 2020. However, due to delay in system changes and situations arising on account of COVID-19 the present scheme of filing of returns is continued which is explained below....

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CBIC new Notifications – GST Returns & compliances

Goods and Services Tax - Consequent to the recommendations made by GST Council in its 42nd meeting held on 5th October,2020 the Govt. has issued a number of notifications giving effect to the recommendations. The notifications are summarised below- 1. Due dates for filing GSTR1  Notification No. 74/2020 – Central Tax dated 15.10.2020 Those registered persons w...

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Composition Taxpayers can now file NIL statement through SMS

Goods and Services Tax - Goods and Services Tax Network (GSTN), the IT backbone of GST system, has launched the facility of filing of NIL statement for Composition Taxpayers. With this, Composition taxpayers can now file NIL statement in Form GST CMP-08 through SMS and without logging in to the GST portal. CMP-08 is a quarterly statement of self-assessed tax to b...

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Extend all due dates under GST- Solve Issues in GST

Goods and Services Tax - Association of Tax Practitioners, Ernakulam has made a representation to Principal Commissioner (GST) and highlighted Difficulty faced by GST Tax Practitioners, in implementing directions contained in Circular No.142/12/2020-GST dated 09.10.2020, Failure of GST Portal Services and may other issues. They also requested to extend all due da...

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Due date extension without making GST Form CMP-08 available

Goods and Services Tax - GST Form CMP-08 - GST forms should be made available first and then the extension be granted and the limitation period for filing must be counted from the date of the form becoming available....

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Some Replies received from GSTN for CMP-08 and GSTR-4

Goods and Services Tax - Problem reported: Concern regarding CMP-08 is not reflecting on return dashboard. Resolution: This is in reference to our telephonic conversation, we informed you that the functionality for filing CMP- 08 is currently unavailable on GST portal, we request you to wait for further notification and keep yourself updated with www.gst.gov.in. ...

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Annual return Filing by composition taxpayers & Negative Liability in GSTR-4

Advisory No. 491 - (22/07/2021) - Filing of Annual returns by composition taxpayers. – Negative Liability in GSTR-4 Filing of Annual returns by composition taxpayers. – Negative Liability in GSTR-4 Instances have come to notice where taxpayers are reporting negative liability appearing in their GSTR-4. Background: Since ...

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GST Audit relaxation to SMEs to continue in FY 2019-20

Notification No. 79/2020-Central Tax [G.S.R. 639(E)] - (15/10/2020) - Notification No. 79/2020 – Central Tax Dated: 15th October, 2020. For the financial year 2018-2019 and 2019-2020, every registered person whose aggregate turnover exceeds five crore rupees shall get his accounts audited as specified under sub-section (5) of section 35 and he shall furnish a copy o...

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Due date to furnish CMP-08 & GSTR-4 extended for March Quarter

Notification No. 34/2020-Central Tax [G.S.R. 234(E)] - (03/04/2020) - Notification No. 34/2020- Central Tax, dated 03.04.2020 -Extension of due date of furnishing statement, containing the details of payment of self-assessed tax in FORM GST CMP-08 for the quarter ending 31st March, 2020 till the 7th day of July, 2020 and filing FORM GSTR-4 for the financial year endin...

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CBIC extends last date to furnish FORM GST CMP-08 to 31.08.2019

Notification No. 35/2019 –Central Tax [G.S.R. 534(E)] - (29/07/2019) - CBIC extends the last date for furnishing Form GST CMP-08 Quarterly Statement (Quarter April -June 2019 of Part thereof) by Composition taxpayers for purpose of payment of Self Assessed  tax till 31.08.2019 vide Notification No. 35/2019 – Central Tax dated 29th July, 2019. GST CMP-08 is a one pag...

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36th GST Council Meeting- Changes in GST Law, Due dates and Rates

NA - (27/07/2019) - GST rate on all Electric Vehicles reduced from 12% to 5% and of charger or charging stations for EVs from 18% to 5%. Hiring of electric buses by local authorities exempted from GST.Changes in GST rates shall be effective from 1st August, 2019...

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Recent Posts in "Form CMP-08"

Annual return Filing by composition taxpayers & Negative Liability in GSTR-4

Advisory No. 491 22/07/2021

Filing of Annual returns by composition taxpayers. – Negative Liability in GSTR-4 Filing of Annual returns by composition taxpayers. – Negative Liability in GSTR-4 Instances have come to notice where taxpayers are reporting negative liability appearing in their GSTR-4. Background: Since FY 2019-20, composition taxpayers has to...

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Annual Aggregate Turnover Computation Methodology under GST

Annual Aggregate Turnover Computation Methodology-Article explains Calculation of Number of GSTR- 3B eligible or liable to filed, Calculation of Number of CMP-08 eligible or liable to be filed, Extracted GSTIN-wise Number of GSTR- 3B filed and Turnover declared in GSTR-3B, Extracted GSTIN- wise Number of CMP-08 filed and Outward supply de...

Read More

Composition Taxpayers can now file NIL statement through SMS

Goods and Services Tax Network (GSTN), the IT backbone of GST system, has launched the facility of filing of NIL statement for Composition Taxpayers. With this, Composition taxpayers can now file NIL statement in Form GST CMP-08 through SMS and without logging in to the GST portal. CMP-08 is a quarterly statement of self-assessed tax to b...

Read More

Extend all due dates under GST- Solve Issues in GST

Association of Tax Practitioners, Ernakulam has made a representation to Principal Commissioner (GST) and highlighted Difficulty faced by GST Tax Practitioners, in implementing directions contained in Circular No.142/12/2020-GST dated 09.10.2020, Failure of GST Portal Services and may other issues. They also requested to extend all due da...

Read More

Significant Changes in GST Forms notified on 15th October, 2020

The Ministry of Finance on 15th October, 2020 notified various notifications incorporating various changes to the CGST Act and CGST Rule. In this Article we will discuss the various amendments made in GST Forms. Notification No. 74/2020- Central Tax Dated 15th October, 2020 This notification revised the due date for filing of GSTR-1 for s...

Read More

9 New changes in GST on the occasion of Navratri

et’s study 9 major updates in GST, which are important for the taxpayers to take note of. Due to future changes & implementation of e-invoicing, it seems that's the GST department is willing to play Virtual Dandiya with a great enthusiasm with the taxpayers....

Read More

Gist of Changes in GST Compliance – 15.10.2020

The Scheme of New returns was designed to be implemented by 1st Oct 2020 and accordingly the present scheme of GST return filing was mandated till 30th September 2020. However, due to delay in system changes and situations arising on account of COVID-19 the present scheme of filing of returns is continued which is explained below....

Read More

CBIC new Notifications – GST Returns & compliances

Consequent to the recommendations made by GST Council in its 42nd meeting held on 5th October,2020 the Govt. has issued a number of notifications giving effect to the recommendations. The notifications are summarised below- 1. Due dates for filing GSTR1  Notification No. 74/2020 – Central Tax dated 15.10.2020 Those registered persons w...

Read More

Notification of due dates for GST returns and Other Updates

Article contains summary of GST Notification No. 74/2020-Central Tax to 79/2020-Central Tax and Notification No. 6/2020 – Integrated Tax all dated 15th October 2020.  Notification 74 to 76 Notifies due date of GSTR 3B and GSTR 1 for the period deom October 2020 to March 2021. Notification 77 specifies that Filing of Annual Return in [&...

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Summary of GST Notification No 74,75,76,77,78,79/2020-Central Tax

Notification No 74,75,76,77,78,79/2020-CGST 01/01/1970

The ministry of Finance on 15/10/2020 notified 6 notifications incorporating various changes to the CGST Act and CGST Rule. In this Article we will discuss the notifications with reference to the original act or rules. 1.Notification No 74/2020-Central Tax This notification revised the due date for filing of GSTR-1 for small tax payer who...

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