GST
Composition taxpayer paying tax with CMP-08
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Facts
A composition taxpayer deposits tax through PMT-06 and then files CMP-08 for the quarter, which debits the cash ledger. Composition tax cannot be paid from ITC since there is none.
Provisions and law
- Sec 49(1), CGST Act 2017Every deposit of tax, interest, penalty, fee or other amount is credited to the electronic cash ledger
- Rule 62, CGST Rules 2017Composition taxpayers file CMP-08 quarterly with tax payment
Analysis
Example: a trader with Rs 30 lakh quarterly sales owes 1 percent, Rs 30,000: Rs 15,000 CGST and Rs 15,000 SGST. He creates a challan for these amounts, pays by UPI, and files CMP-08 by 18 July for April to June. Interest applies if paid late.
Conclusion
- Compute quarterly composition tax by head
- Create PMT-06 and pay
- File CMP-08 by the 18th
- Check the cash ledger debit
A Savvy can do this for you
GST payment challan, PMT-06
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