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GSTR4 AND CMP 08

Vijay Mohan (637 Points)

14 July 2020

is it manditory to file CMP 08 AND GSTR4 BOTH FOR A COMPOSITION DEALER WHOSE TURNOVER IS BELOW 1.5 CRORES

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3 Replies

Pawan Vemula (284 Points)
Replied 14 July 2020

Yes Sir Mandatory

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Vijayprakash P (1313 Points)
Replied 14 July 2020

Filing of GSTR4(quarterly) and CMP08 is mandatory for a composite dealer whose threhold limit below 1.5 crores.

Sagar Patel (Tax and Business Consultant) (11611 Points)
Replied 23 July 2020

The composition dealers have to pay tax in CMP-08 challan-cum-statement every quarter by the 18th of the month following the quarter and requires to file return annually in GSTR 4 by 30th April of following financial year. For F.Y 2019-20 GSTR 4 due date extended to 31st August 2020.