CMP-08 GST: Meaning, Due Date, Late Fee, Steps to File

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:

Period 

Due date

Oct-Dec 2020

18th January 2021

Jan-Mar 2021

18th April 2021

Apr-Jun 2021

18th July 2021

Jul-Sept 2021

18th Oct 2021

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?

  1. Visit to GST Portal

    Login to your account on the GST Portal

  2. Navigate to Returns Dashboard

    Go to Services > Returns > Returns Dashboard OR click Returns Dashboard link on the dashboard.

  3. 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.

  4. 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.

  5. 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.

  6. Tax Liability & Interest

    Enter the tax liability and interest. Click on Save, a success message will appear on the screen.

  7. Preview Draft GST CMP-08

    To download the draft, click on Preview Draft GST CMP-08. Review the details before proceeding.

  8. Payment of Tax

    Click on Proceed to File. A page showing Payment of Tax will reflect on screen.

  9. 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.

  10. 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.

  11. 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.

FAQs

Can I pay the tax liability under CMP-08 by using Input Tax Credit?

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.

What is Negative Liability Adjustment in CMP-08?

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.

Is it mandatory for taxpayer under Composition Scheme to file CMP-08 on GST Portal?

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.

GST Annual Return for Composition Taxpayers : GSTR-9A

What is GSTR-9A?

GSTR-9A is the Annual Return that a composition taxpayer under GST needs to file once for each financial year. It comprises of details of sales, purchases, taxes paid, demand created, refund claimed and the input tax credit availed or reversed on opting out or opting in for Composition Scheme.

Who should file GSTR-9A?

  • The taxpayers registered under the Composition Scheme
  • Taxpayers who have shifted from Composition scheme to Regular scheme any time during the financial year
  • Taxpayers who have shifted from Regular scheme to Composition scheme any time during the financial year

The following taxpayers should not file GSTR-9A:

  • Taxpayers registered under regular scheme who did not opt for composition scheme during the financial year
  • NRTP i.e. Non-Resident Taxable Persons
  • ISD i.e. Input Service Distributor
  • CTP i.e. Casual Taxable Person
  • TDS Deductor i.e. persons required to deduct tax at source
  • E-Commerce Operator or TCS Collector i.e. persons required to collect tax at source

When should I file GSTR-9A under GST?

Due Date to file the return is 31st December of the next financial year. However, the GST council extended the due date of FY 2017-18.

Due Date to file GSTR-9A for FY 17-18
is 30th June 2019
Due Date to file GSTR-9A for FY 17-18
is 30th June 2019

How much is the Late Fee for filing return after the due date?

If the taxpayer does not file the return on or before the due date, he is liable to pay a Late Fee of INR 200 (CGST INR 100 and SGST INR 100) for each day of delay. The Late Fee is calculated from the date after the due date up to the date of filing of the return.

What information is required to be reported under GSTR-9A?

Following basic details of the taxpayer are auto-populated:

  • Financial Year – Enter the financial year for which the taxpayer files the return
  • GSTIN i.e. GST Identification Number of the taxpayer
  • Legal Name and Trade Name of the business

Following details are auto-filled based on the GSTR-4 filed during the financial year:

Other required information:

  • Details of tax paid during the financial year
  • The details of demands paid and refunds claimed during the financial year
  • The details of input tax credit availed or reversed due to opting in or out of composition schem

FAQs

Do I need to file GSTR-9A if my registration has been cancelled in the financial year?

A taxpayer who has an Active GSTIN during the financial year even for a single day must file the annual return on GST Portal. Thus, even if the registration is cancelled, the taxpayer must file annual return i.e. GSTR-9 or GSTR-9A

Can I file Nil GSTR-9A?

A taxpayer can file Nil GSTR-9A if:
1. There are no outward supplies i.e. sales
2. There are no inward supplies i.e. purchases
3. The taxpayer does not claim any refund
4. The taxpayer does not claim any input tax credit
5. There is no liability to be reported
6. There is no outstanding demand
7. No late fee payable

Types of GST Annual Return

Annual Return is the GST Return that every registered taxpayer should file electronically on the GST Portal for each financial year. However, the following persons are not required to file an annual return:

  • ISD i.e. Input Service Distributor
  • CTP i.e. Casual Taxable Person
  • NRTP i.e. Non-Resident Taxable Person
  • TDS Deductors
TCS Collector - The provisions of TCS under GST became applicable from 1st October 2018. Thus, E-Commerce Operators i.e. TCS Collectors are not required to file the annual return for FY 2017-18.
Tip
TCS Collector - The provisions of TCS under GST became applicable from 1st October 2018. Thus, E-Commerce Operators i.e. TCS Collectors are not required to file the annual return for FY 2017-18.

Types of Annual Return under GST

  • GSTR-9 – Annual Return for Regular Taxpayers, SEZ Units and SEZ Developers
  • GSTR-9C – It is not an annual return. It is a reconciliation statement that reconciles the data as per the books of accounts and the data reported in annual return. The taxpayers to whom GST Audit is applicable should file GSTR-9C along with GSTR-9

Due Dates for Annual Returns under GST

As per the GST Act, the due date to file Annual Return is 31st December of next financial year.
For FY 17-18, the original due date was 31st December 2018. However, the GST Council extended the date.

Due Date to file GSTR-9, GSTR-9A, GSTR-9C for FY 2017-18
30th June 2019
Due Date to file GSTR-9, GSTR-9A, GSTR-9C for FY 2017-18
30th June 2019

FAQs

What is the difference between GSTR-9 and GSTR-9C?

1. GSTR-9 is the annual return which should be filed by every registered taxpayer under GST irrespective of the turnover.
2. GSTR-9C is the reconciliation statement which should be filed by registered taxpayers to whom GST Audit is applicable. When the turnover of a registered taxpayer exceeds Rs.2 Cr during the financial year, they should file GSTR-9C along with GSTR-9.

I shifted from the Composition Scheme to the Regular Scheme. Should I file GSTR-9 or GSTR-9A?

A taxpayer who has shifted from Composition Scheme to Regular Scheme or vice-versa must file both GSTR-9 and GSTR-9A. He should file GSTR-9A for the period during which he was registered as Composite Dealer and GSTR-9 for the period during which he was registered as Regular Dealer.
Example
If a taxpayer was registered under Composition Scheme from 1st July 2017 to 30th September 2017 and shifted to Regular Scheme from 1st October 2017 to 31st March 2018, he should file the following returns for FY 2017-18:
1. GSTR-9A from July 2017 to September 2017
2. GSTR-9 from October 2017 to March 2018

When does the statutory requirement to file GST return triggers?

 When a person becomes liable to register or gets voluntarily registered, then the person applies for the registration within the prescribed time-frame. After obtaining the GSTIN (15 Digit – Goods and Services Identification Number), the person becomes responsible to file GST returns as per the rule. Even the person who obtains the registration voluntarily under GST is also required to file Returns as per the GST Rule.

GST Annual Return for Regular Taxpayers : GSTR-9

What is GSTR-9?

GSTR-9 is the Annual Return that a registered taxpayer under GST needs to file once for each financial year on the GST Portal. It comprises of details of sales, purchases, input tax credit, demand and refund.

Who should file GSTR-9?

  • The taxpayers registered under the regular scheme
  • Taxpayers who have shifted from Composition Scheme to Regular scheme any time during the financial year
  • Taxpayers who have shifted from Regular scheme to Composition scheme any time during the financial year
  • SEZ Units i.e. Special Economic Zone Units
  • SEZ Developers i.e. Special Economic Zone Developers

The following taxpayers should not file GSTR-9:

  • Taxpayers registered under composition scheme who did not opt for regular scheme during the financial year
  • NRTP i.e. Non-Resident Taxable Persons
  • ISD i.e. Input Service Distributor
  • CTP i.e. Casual Taxable Person
  • TDS Deductor i.e. persons required to deduct tax at source
  • E-Commerce Operator or TCS Collector i.e. persons required to collect tax at source

When should I file GSTR-9 under GST?

Due Date to file GSTR-9 is 31st December of the next financial year. However, the GST council extended the due date of FY 2017-18.

Due Date to file GSTR-9 for FY 17-18
Is 30th June 2019
Due Date to file GSTR-9 for FY 17-18
Is 30th June 2019

How much is the Late Fee for filing GSTR-9 after the due date?

If the taxpayer does not file GSTR-9 on or before the due date, he is liable to pay a Late Fee of Rs.200 (CGST Rs.100 and SGST Rs.100) for each day of delay. The Late Fee is calculated from the date after the due date up to the date of filing of the return.

What information is required to be reported under GSTR-9?

Following basic details of the taxpayer are auto-populated:

  • Financial Year – Enter the financial year for which the taxpayer files the return
  • GSTIN i.e. GST Identification Number of the taxpayer
  • Legal Name and Trade Name of the business

Following details are auto-filled based on the GSTR-1 and GSTR-3B filed during the financial year:

  • Sales including exports on which tax is payable
  • Purchases on which tax is payable under reverse charge mechanism
  • Advances on which tax is payable
  • Credit Note or Debit Note issued for the above cases
  • Sales including exports on which tax is not payable
  • Input Tax Credit on purchases availed during the financial year by filing GSTR-3B
  • Input Tax Credit reversed and the ineligible input tax credit for the financial year

The following information is auto-filled and cannot be edited by the taxpayer. Thus, the taxpayer can only review this information.

  • ITC i.e. Input Tax Credit details auto-filled based on the details auto-populated in Form GSTR-2A
  • Details of tax paid in the returns filed during the financial year

Other required information:

  • Details of transactions of the previous financial year reported in the next financial year
  • The details of demands paid and refunds claimed during the financial year
  • Goods received from composition dealers, job worker and from person to whom goods were sent on an approval basis
  • HSN Summary of Sales
  • HSN Summary of Purchases

FAQs

Do I need to file GSTR-9 if my registration has been cancelled in the financial year?

A taxpayer who has an Active GSTIN during the financial year even for a single day must file the annual return. Thus, even if the registration is cancelled, the taxpayer must file annual return i.e. GSTR-9 or GSTR-9A

Can I file Nil GSTR-9?

A taxpayer can file Nil GSTR-9 if:
1. There are no outward supplies i.e. sales
2. There are no inward supplies i.e. purchases
3. The taxpayer does not claim any refund
4. The taxpayer does not claim any input tax credit
5. There is no liability to be reported
6. There is no outstanding demand
7. No late fee payable

Should I file my GST Return monthly or quarterly?

Every business registered under GST must file all its GST Returns regularly within the due dates to avoid penalties and late fees. Periodicity of filing GST return will be deemed to be monthly for all taxpayers unless quarterly filing of the return is opted for

Taxpayer registered under Regular Scheme

For business registered under the regular scheme, the type of GST Return and the frequency of filing it depends on the turnover of the business.

1. Returns under Monthly Scheme

If the aggregate turnover of the business in the preceding financial year exceeded Rs.1.5 Crore OR the aggregate turnover during the current financial year is expected to exceed Rs.1.5 Crore, following returns are to be filed:

GST Return Frequency Description Due Date
GSTR-3B Monthly Summary Return with details of outward supplies, inward supplies and payment of tax 20th of next month
GSTR-1 Monthly Sales Return with details of outward supplies for businesses with aggregate turnover of more than Rs.1.5 Crore 11th of next month

2. Returns under Quarterly Scheme

If the aggregate turnover of the business in the preceding financial year was up to Rs.1.5 Crore OR the aggregate turnover during the current financial year is expected to be up to Rs.1.5 Crore, following returns are to be filed:

Form Frequency Description Due Date
GSTR-3B Monthly Summary Return with details of outward supplies, inward supplies and payment of tax 20th of next month
GSTR-1 Quarterly Sales Return with details of outward supplies for business with aggregate turnover of more than Rs.1.5 Crore last date of next month from end of the quarter

Taxpayer registered under Composition Scheme

A business can register under the Composition Scheme if the aggregate turnover is up to Rs.1 Crore. Tax is to be paid at a specified rate based on the nature of the business.

Taxpayers who have applied for registration under Composition Scheme should file the following GST Return:

Form Frequency Description Due Date
GSTR-4 Quarterly Return with details of outward supplies and payment of tax at a fixed rate of turnover of the return period 18th of next month from end of the quarter

FAQs

Who should file GSTR1 monthly?

Every registered dealer is required to file GSTR-1 every month. The return contains details of all outward supplies made during the month. However, certain taxpayers having annual turnover upto Rs 1.5 crores can opt to file the GSTR-1 once in every quarter.

Can the taxpayer change the period (whether monthly or quarterly) of filing his return?

The taxpayer will have the option to change the period (from quarterly to monthly and vice versa) of filing his returns only once – at the time of filing his first return for that financial year.

How do I convert from monthly to Quarterly?

For change Return filing Status from Monthly to Quarterly, follow the steps
1. Visit GST Portal
2. Enter login details, then click login.
3. Click file returns.
4. Select month, then click search.
5. Select yes if you are change monthly to Quarterly, then click search.

When should I file GSTR-4 under GST?

Every taxpayer who has opted for the Composition Scheme under the GST regime needs to file GSTR-4 form. It comprises of details of sales, purchases and tax liability on sales. It should be filed electronically on the GST Portal.

Due dates to file GSTR-4 for FY 2020-21

  • The due date to file the GSTR 4 for FY 2020-21 is 30th April 2021
  • The due date to file the GSTR 4 for FY 2019-20 was extended to 31st October 2020 from 31st August 2020

How much is the Late Fee for filing GSTR-4 after the due date?

The taxpayer is imposed with a late fee for each day of delay and interest on the tax liability if the GSTR-4 is not filed on or before the due date.

  • If there are no transactions in the return period, the taxpayer should file a NIL Return to avoid late fee and penalty
  • If GSTR-4 for a quarter is not filed, it cannot be filed for the next quarter too
  • Late fee is calculated from the date after the due date up to the date of filing of the return
  • Late fee of the current return is payable when the taxpayer files GSTR-4 for the next return period
  • As per the Act, earlier the taxpayer was liable to pay a late fee of INR 200 (CGST INR 100 and SGST INR 100) per day of delay. It was later reduced to INR 50 per day and INR 20 per day in case of Nil Return.

 

GSTR Form Description Quarter Late Fees
GSTR-4 Return of Composition Dealer July to September
October to December
January to March
Waived
GSTR-4 Return of Composition Dealer April to June
July to September
Waived
GSTR-4 Return of Composition Dealer (Tax Payable > Nil) October to December onwards INR 50 per day
GSTR-4 Return of Composition Dealer(Tax Payable = Nil) October to December onwards INR 20 per day

 

FAQs

Pre conditions for filing GSTR-4?

Pre-conditions for filing of Form GSTR-4 are:
1. The taxpayer should be registered as Composition Taxpayer or have opted for a Composition scheme and should have a valid/active GSTIN.
2. The taxpayer should have a valid User ID and password.

Can a taxpayer sign/ submit his GSTR4 return in the Offline tool?

No. After uploading the return to the GST Portal, the taxpayer has to preview the form, submit, Utilize Cash to pay off liabilities, and then file GSTR-4.

Should I file a GST Return if I have no Sales?

Every person who is registered under GST having a valid GSTIN must file all the GST Return applicable to his business. File GST Returns even if there are no transactions in the business. If there are no sales or purchases, the taxpayer must file a NIL Return.

A taxpayer can file a NIL Return if all the following conditions are satisfied:

  • There are no outward supplies i.e. sales during the tax return period
  • There are no inward supplies i.e. purchases or expenses during the tax return period
  • Tax liability during the tax return period is Nil

What is the Due Date to file NIL Return under GST?

The taxpayer with no business transactions must keep in mind the GSTR Form to be filed and the due date of filing.

If you fall under the Regular Scheme

GSTR Form Frequency Description Due Date
GSTR-3B Monthly Summary Return with details of outward supplies, inward supplies and payment of tax 20th of next month
GSTR-1 Monthly Sales Return with details of outward supplies for business with aggregate turnover of more than Rs.1.5 Crore 11th of next month
GSTR-1 Quarterly Sales Return with details of outward supplies for business with aggregate turnover of upto Rs.1.5 Crore last date of next month from end of the quarter

If you fall under the Composition Scheme

GSTR Form Frequency Description Due Date
GSTR-4 Quarterly Return with details of outward supplies, inward supplies and payment of tax at a fixed rate 18th of next month from end of quarter

What are the consequences if GST Return is not filed ?

It is mandatory for every registered taxpayer to file GST Return. Taxpayers with no business transactions should file Nil Return within the due date.

Consequences for not filing a NIL Return:

  1. Late Fee of Rs.20 per day is charged from the due date of filing to the actual date of filing the return subject to a maximum late fee of Rs.10,000 per return.
  2. If the taxpayer does not file GST Return for a specific period, he cannot file GST Returns for subsequent periods too. Thus, the late fee would keep accumulating.
  3. There would be no interest liability in case of nil return since there would not be any tax liability.
  4. The taxpayer may receive a notice from the GST Department for non-filing of returns to which an appropriate response needs to be submitted.
  5. The taxpayer cannot apply for the cancellation of registration if he does not file all the returns.
I have a GST number, but I haven't filed a single NIL return yet. How can I save the penalties?
If you have a GST number, it is compulsory to file GST return even if there are no business transactions during the return period. Read more about ways to save penalty if you have failed to file return
Read Answer
I have a GST number, but I haven't filed a single NIL return yet. How can I save the penalties?
If you have a GST number, it is compulsory to file GST return even if there are no business transactions during the return period. Read more about ways to save penalty if you have failed to file return
Read Answer

The Late Fee and Interest Liability are auto-populated based on the date of filing of the return. The taxpayer can view them in the E-Liability Ledger on the GST Portal. He can file the return only once the late fees are paid.

FAQs

What happens if I don’t file my GST return?

If you don’t file any GST return then subsequent returns cannot be filed. For example, if the GSTR-2 return of April is not filed then the next return GSTR-3 and subsequent returns of May cannot be filed. Hence, late filing of GST return will have a cascading effect leading to heavy fines and penalty

Can I file GST Return on my own?

Yes you can file your own returns on GST Portal.
GST return can be filed in different forms depending upon the nature of transaction and registration. Return Forms that are applicable for Normal Tax payers along with its Due Dates:
1. Monthly Details of Outward supplies in GSTR-1 by the 10th of next month.
2. Monthly details of Inward Supplies in GSTR-2 by the 15th of next month.
3. Monthly Filing of Return along with payment of tax due in GSTR-3 by the 20th of next month.
4. Annual Filing of Return in FORM GSTR-9 by 31st December of next financial year.