Businesses in India can apply for the GST Composition Scheme online through the GST portal to limit tax liability and enhance liquidity.
CMP-05 Show cause for eligibility as composition dealer Justify eligibility 15 days Penalty under section 122, denial of composition scheme 3 REG-03 Clarification for GST registration Submit clarification in REG-04 7 working days Rejection of application 4 REG-17 Show cause for can...
The new return GST CMP-08 has now been made available on the GST portal. Composition Taxpayers shall now file GST CMP-08 instead of GSTR-4. 1. Why was GST CMP-08 due date been extended? The Deadline for the GST return filing for Composition Taxpayers in FORM GST CMP-08 was extended...
Also, there is GST CMP 08 for the composition scheme dealers but it has to be filed every quarter lowering the need for regular updates on the GST due date filing calendar. GST Return Form NameFiling PeriodDue Date in March 2025 GSTR 07 Monthly (February 2025) 10th March GSTR 08 ...
Apart from these, there have been new changes including a window to opt for composition scheme opening for 2022-23, which have been released. Read all the latest GST news updates here: Top GST News of the month. On the IRIS GST front, our monthly newsletter – IRIS GST Times has complet...
GSTR-10: The final return upon cancellation or surrender of GST registration. GSTR-11: For those with a Unique Identity Number, claiming refunds on their purchases. CMP-08: A quarterly statement for Composition Scheme taxpayers detailing tax liability. ITC-04: For manufacturers to declare details...
As we all know that the Annual GST return, GSTR-9 is now available for filing on the GST portal. Evidently, all the traders having GST registration under Composition scheme are required to file their Annual GST return in Form GSTR-9A. Here are some important Frequently Asked Question...
If you are a trader who opted for the composition scheme, you are required to pay taxes at a fixed percentage on your sales. TallyPrime completely supports the composition scheme from issuing bill of supply to filing CMP-08 returns.
CMP-08 Statement-cum-challan for composition taxpayers Quarterly 18th of the month following the quarter April-June 2024, July-September 2024, October-December 2024, January-March 2025 GSTR-4 Annual return for composition taxpayers Annually 30th April 2025 FY 2024-25 GSTR-5 Return for non-reside...
Return for the composite dealer (Quarterly): It is a GST Return that has to be filed by aComposition Dealer. With the recent changes, it periodicity of filing has been changed to Annual 4 GST CMP-08 Quarterly self-assessed statement-cum-payment by composition dealers. ...