The GST department issued a notification in April 2019 to introduce Form CMP-08. It replaced Form GSTR-4 i.e. GST Return for business under Composition Scheme. Form CMP-8 is applicable from FY 2019-20.
What is CMP-08 in GST?
Form CMP-08 is the statement with details of self-assessed tax payable of a dealer registered under the Composition Scheme. The form contains details of tax liability on sales and purchases (under the Reverse Charge Mechanism). This form has replaced Form GSTR-4.
The Composite Dealer needs to file CMP-08 on a quarterly basis on the GST Portal. He can calculate the tax liability and pay it online on the GST Portal. If there is no tax liability during the quarter, a Nil return should be filed.
CMP 08 Due Date
A Composite dealer should file Form GST CMP-08 on a quarterly basis. The due date to file is 18th of the next month from the end of the quarter. It was applicable from FY 2019-20. The Due Dates for FY 2019-20 are as follows:
|April 19 to June 19||18th July 2019
Extended: 31st August 2019
|July 19 to September 19||18th October 2019
Extended: 22nd October 2019
|October 19 to December 19||18th January 2019|
|January 20 to March 20||18th April 2020
Extended: 07th July 2020
GST Late Fees – CMP-08
If the taxpayer does not file GST CMP-08 on or before the due date, he is liable to pay a Late Fee for each day of delay.
- If there are no transactions in the return period, the taxpayer should file a NIL Return to avoid late fee and penalty
- Late fee is calculated from the date after the due date up to the date of filing of the return
- A late fee of Rs.200 (CGST Rs.100 and SGST Rs.100) per day of delay is applicable. The maximum late fee that can be charged is Rs. 5000 per return
Note: While the GST Rules mention a late fee of Rs. 200 per day in the case of CMP-08, there is no option to enter such a late fee under the option of paying tax in CMP-08. Also, the GST Portal does not auto calculate late fees in the case of CMP-08, unlike other GST Returns.
How to file CMP-08?
- Visit to GST Portal
Login to your account on the GST Portal
- Navigate to Returns Dashboard
Go to Services > Returns > Returns Dashboard OR click Returns Dashboard link on the dashboard.
- Select Financial Year and Return Filing Period
Select the financial year and return filing period. On tab, ‘Payment of self-assessed tax’, select Prepare Online.
- Summary of Self-Assessed Tax Liability
The summary of self-assessed tax liability appears on the screen. It reflects the tax liability on sales, tax liability on purchases falling under reverse charge mechanism, and interest payable.
- File a Nil Return CMP-08
To file a Nil Return, select the checkbox – File Nil GST CMP-08. Once you select the checkbox, a list of conditions to file Nil Return appears. Make sure you meet the conditions.
- Tax Liability & Interest
Enter the tax liability and interest. Click on Save, a success message will appear on the screen.
- Preview Draft GST CMP-08
To download the draft, click on Preview Draft GST CMP-08. Review the details before proceeding.
- Payment of Tax
Click on Proceed to File. A page showing Payment of Tax will reflect on screen.
- Cash Balance in Electronic Cash Ledger
The cash balance available in the Electronic Cash Ledger is reflected.
* If the available balance in E-Cash Ledger is more than the tax liability – proceed with next step.
* If the available balance in E-Cash Ledger is less than the tax liability – click on Create Challan. Pay the GST Challan and proceed with filing return.
- File using DSC or EVC
Select the checkbox, select authorised signatory and click on File GST CMP-08. File the return using DSC or EVC.
- Success Message with ARN
Once you file the return, a success message will appear with the ARN i.e. Acknowledgement Reference Number. To download the filed return, Click on Download Filed GST CMP-08.
A dealer registered under Composition Scheme cannot claim Input Tax Credit. Thus, the tax liability under CMP-08 cannot be paid using Input Tax Credit. The Composite Dealer can pay the liability only through depositing cash in the E-Cash Ledger.
Negative Liability Adjustment means if there is any negative entry in the return of a present quarter, it will be carried forward to the next quarter. The taxpayer can adjust this negative entry with the tax liability in the return of next quarter. Such negative entry is reflected under the column ‘Adjustment of negative liability of previous tax period’ in the CMP-08 of next quarter.
Yes. It is mandatory for a dealer registered under Composition Scheme to file CMP-08 every quarter. Even if there is no business or no self-assessed tax liability, the Composite Dealer must file CMP-08 on the GST Portal.