GST CMP 08 for Composition Taxpayers : Facts & Features

Composition Taxpayers can not find GSTR 4 (Querterly Return) in their dashboard from financial year 2019-20. A new return filing procedure was introduced in April 2019 and it is applicable from FY 2019-20 and onwards. Let’s take a look on new changes. Form CMP 08 is a statement cum challan to declare the details or summery of a taxpayer’s self assessed tax payable for a given quarter. Composition Taxpayers need to file Form CMP 08 quarterly instead of GSTR 4 from FY 2019-20. Composition Taxpayers need to file Form CMP…