Answer

1. F

   Facts

   Report the correct turnover in GSTR-4 and pay the extra tax with interest. Table 8 shows the liability and the CMP-08 summary in Table 5 cannot be edited.

2. P

   Provisions and law

   • Rule 62, CGST Rules 2017Quarterly CMP-08 statement and annual GSTR-4 return for composition taxpayers
   • Sec 50(1), CGST Act 2017Interest at 18 percent a year on tax paid late
3. A

   Analysis

   Table 5 is auto-drafted from CMP-08 and is not editable, so the gap shows up against Table 6. Interest under Sec 50(1) is entered manually. Example: CMP-08s showed ₹48 lakh but books show ₹52 lakh; extra tax at 1 percent is ₹4,000, plus interest from the quarter it related to. Check on the portal how Table 8 computes the gap.

4. C

   Conclusion

   1. 1Reconcile books turnover with CMP-08 totals by quarter.
   2. 2Enter the correct turnover in Table 6.
   3. 3Check the extra tax in Table 8.
   4. 4Calculate and enter interest.
   5. 5Pay and file.

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