GST : Simplified Compliance for Composition Dealers

Posted by

Quarterly Statement of Self-Assessed Tax

Applicable To : Composition Dealers

Effective From : Quarter April-June 2019

Form : GST CMP-08

Current Compliance :

Till now composition dealers were required to file quarterly return in Form GSTR-4. This form ran into 7 pages and required several details to be submitted

Changed Compliance

  • Every quarter, the composition dealer needs to file GST CMP08. This is a much simpler form to be filled. This form will require details like outward supplies, inward supplies attracting reverse charge ; tax, interest payable and paid
  • GSTR-4 will have to filed filed once a year on or before April 30.

New Calendar for 2019-20

Form FilingDue Date
CMP-08April-June 2019July 18,2019
CMP-08July-Sept 2019Oct 18,2019
CMP-08Oct-Dec 2019Jan 18,2020
CMP-08Jan-March 2020April 18,2020
GSTR-4Apr 2019 -March 2020April 30,2020

http://www.cbic.gov.in/resources//htdocs-cbec/gst/notfctn-21-central-tax-english-2019.pdf
Notification 21/2019 Dated 23-04-2019

This blog is contributed by CA Jigar Shah | Partner S K Rathi & Co