GST
Returns to file after opting for composition
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Facts
A composition taxpayer files CMP-08 every quarter with self-assessed tax, and GSTR-4 once a year. GSTR-1 and GSTR-3B are not required during composition.
Provisions and law
- Sec 39(2), CGST Act 2017Composition taxpayers file a yearly return and pay tax quarterly
- Rule 62, CGST Rules 2017Quarterly CMP-08 statement by the 18th after the quarter and yearly GSTR-4
Analysis
Example: for April to June, CMP-08 is due by 18 July. GSTR-4 for FY 2026-27 is due by 30 June 2027, the date changed from 30 April from FY 2024-25 onwards. Missing CMP-08 for two quarters can block e-way bill generation. Late fee and interest apply to delays; check current amounts.
Conclusion
- Mark CMP-08 due dates: 18 July, 18 October, 18 January, 18 April
- Keep sales and purchase records each quarter
- Pay tax with CMP-08
- File GSTR-4 by 30 June
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Opting into composition, CMP-02
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