Step by Step guide of filing CMP-08 for composition taxpayer

CMP-08 is a form cum challan for composite scheme dealers registered under the GST. GST Form CMP-08 “Statement for payment of self-assessed tax” is to be filed quarterly, however, GSTR-4 has also to be filed annually within 30th April of the financial year.

What’s the due date of filing CMP-08?

The due date is 18th day of the succeeding quarter. This form has to be filled even if there’s no transaction during the quarter that is NIL return will be filed. But for quarter April- June 2019, the date has been extended to 31st august 2019.

What are the GST Penalties and prosecution?

Penalty on late filing of return

If a particular taxpayer fails to furnish his return on or before the due date mentioned above, he must pay a late fee of Rs 50/day, i.e., Rs 25/day CGST and Rs 25/day SGST in case of any tax liability. On the other hand, if there is a nil tax liability, then the aforementioned late fee gets reduced to Rs 20/day, i.e., Rs 10/day CGST and Rs 10/day SGST.

One must also note that the late fee is also subject to a maximum of Rs 5000 starting from the due date to the actual date of return filing by the taxpayer.

Steps to pay GST in Form GST CMP-08

Following are the steps for working on CMP-08:-

  • Preparations of details –

Before directly moving to the form, a dealer should prepare a detailed statement of the information which would be required while filling up the form.

Below given is a table which consists of the information regarding to turnover and taxes which has to be given in form.

Note – All the values will go in Rs in the table.

Everything about FORM GST CMP-08 and new changes in GSTR-4

Sl. No. Description Value IGST CGST SGST/ UTGST CESS
1. Outward Supplies (including exempt supplies)
2. Inward supplies attracting reverse charge including import of services.
3. Tax payable(1+2)
4. Interest payable, if any
5. Tax and interest paid

Summary of 36th GST Council Meeting held on 27 July

In Sr. No. 1.  Value will include taxable supplies as well as exempt supplies. But GST liability is calculated only on taxable supplies.

In Sr. No. 2. Inward supplies liable to paid under Reverse Charge Mechanism including import of services is entered. For example Services received from GTA or Legal services etc.

In Sr. No. 3. Total of Tax Payable for outward supplies as declared in Sr. no. 1 and tax payable under RCM in sr. no. 2 is entered i.e. (1+2)

In Sr. No. 4. If the tax payment is done after due date then interest is payable @18 %.

GST Interest Calculator

In Sr. No. 5 Total of Figures declared in 3 and 4 above will be entered.

  • Login in to the GST portal and select the CMP-08 under the return dashboard.

Select the relevant year and then choose the quarter for which you are filing the return. Then click search button for proceeding.  Then click on ‘PREPARE ONLINE’ for the CMP-08 form (payment of self-assessed tax).

Taxation on Alcohol and related products

  • Fill up the tax liability details in table 3 of the CMP-08 form.

Fill up the details as per the table you made in step 1 and if you don’t have any transactions during the quarter then click on the NIL return. Then click on the SAVE button.

  • Preview draft CMP-08 before making the tax payment

Click on the “Preview draft GST CMP-08” to check  the filled information.

GST 2.0 : New GST Return Filing System

  • Make the payment towards the liability and file CMP-08

Make payment either using the cash balance left in the electronic cash ledger or click on ‘Create Challan’ to choose either the Net Banking or NEFT in case there is insufficient cash in the cash ledger. Confirm the details submitted by checking the box against the declaration statement.

Submit the CMP-08 using electronic verification code (EVC) or digital signature (DSC). You will get a message confirming the filing of CMP-08 (payment of self-assessed tax).

GSTN generates an ARN on the successful filing of CMP-08. Further, an SMS and an email are sent to the taxpayer on his registered mobile and email ID.

For any question visit us at forum

The author of above article is Sneha Bhalotia, ICAI. 

Disclaimer:The article or blog or post (by whatever name) in this website is based on the writer’s personal views and interpretation of Act. The writer does not accept any liabilities for any loss or damage of any kind arising out of information and for any actions taken in reliance thereon.  It is prepared based on understanding of provisions as stood applicable as on date.
Also, and its members do not accept any liability, obligation or responsibility for author’s article and understanding of user.
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