Answer

GST

What CMP-08 is and when it is due

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  1. Facts

    CMP-08 is the quarterly statement through which a composition taxpayer declares turnover and pays tax. It is due by the 18th of the month after each quarter: 18 July, 18 October, 18 January and 18 April.

  2. Provisions and law

    • Sec 39(2), CGST Act 2017A composition taxpayer furnishes a statement every quarter (CMP-08) and a return every year (GSTR-4).
    • Rule 62, CGST Rules 2017A composition taxpayer files CMP-08 by the 18th of the month after each quarter and GSTR-4 by 30 June after the year (Notification 12/2024-CT).

  3. Analysis

    Unlike regular taxpayers, you do not file GSTR-1 or GSTR-3B. CMP-08 acts as both statement and payment. At year end you file GSTR-4, which picks up the CMP-08 figures. Even a quarter with no sales needs a nil CMP-08.

  4. Conclusion

    1. Note the four CMP-08 dates in your calendar.
    2. Total turnover for the quarter from your bill of supply register.
    3. Compute tax at your composition rate.
    4. File CMP-08 and pay by the 18th.

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