CMP-08 is used to declare the details or summary of self-assessed tax which is payable for a given quarter by taxpayers who are registered as composition taxable person or taxpayer who have opted for composition levy.
Taxpayers who either have registered as composition taxable person through Form GST REG-01 or taxpayers who have opted for composition levy through Form GST CMP-02, need to file Form GST CMP-08.
Form GST CMP-08 is to be filed on quarterly basis. The due date for filing Form GST CMP-08 is 18th of the month succeeding the quarter or as extended by Government through notification.
Pre-conditions for filing of Form GST CMP-08 are:
No, there is no late fee for delayed filing of Form GST CMP-08.
No, CMP-08 liabilities can be paid only through cash and not through ITC (as Composition taxpayer cannot claim ITC).
GST CMP-08 is to be filed by composition taxpayer for all applicable quarters effective from 2019-20 i.e. 1st period would be Apr 2019-Jun 2019.
If available cash balance in Electronic Cash Ledger is less than the amount required to offset the liabilities, then additional cash required to be paid by taxpayer is shown in the ‘Additional Cash Required’ column. You may create challan for the payment of this amount directly by clicking on the ‘CREATE CHALLAN’ button.
Negative Liability Adjustment means that any negative entry done in the present quarter will be carried forward to the next quarter. This adjustment will be reflected in ‘Adjustment of negative liability of previous tax period’ column of Table 4 of the next quarter GST CMP-08 filing.
For e.g. for filing GST CMP-08 for quarter Apr-Jun 2019, negative values from last quarter Jan-Mar 2019 of GSTR-4 will be adjusted and shown in this column.
You can file Form GST CMP-08 using DSC or EVC.
On clicking “PROCEED TO FILE” button, GST Portal will check if the last applicable return in Form GSTR-3B which has become due is filed or not. If the return in Form GSTR-3B has not yet been filed, you will get error message that “You have not filed last tax period’s return as a normal taxpayer. Please file the same before attempting to file statement in Form GST CMP-08.”
For Example: Taxpayer opts for composition scheme w.e.f. 1st April 2021 and the first quarterly statement in Form GST CMP-08 becomes due for the quarter ending June 2021 on 18th July 2021. The taxpayer was a normal taxpayer till 31st March 2021 of the previous financial year and the return for the month/quarter ending March, 2020-21 in Form GSTR-3B had become due in April of the current financial year. In such cases, whenever the taxpayer attempts to file Form GST CMP-08 for the Apr-Jun quarter of 2021-22 tax period, GST Portal will check if Form GSTR-3B of period ending Mar’21 has been filed by the taxpayer or not and display an error message if it is yet to be filed.
After Form GST CMP-08 is filed:
Form GST CMP-08 once filed, cannot be revised.