Hurry Up Composition Taxpayers! The Last Date to File Form CMP- 08

Hurry Up Composition Taxpayers! The Last Date to File Form CMP- 08 Today is the last date to file your details of payment of self-assessed tax payable for the quarter (January to March, 2022) in Form CMP-08. Late payment of Form CMP-08 will attract interest.

What is the CMP-08 form?

To disclose the specifics or summary of his or her self-assessed tax payable for a given quarter, a composition dealer will use Form CMP-08, which is a special statement-cum-challan. It also serves as a challan for tax payments. A composition dealer is one who has registered under the composition scheme for both the supply of commodities and the provision of services. In addition to Form CMP-08, a composition dealer must file his or her annual return using the updated Form GSTR-4 by the 30th of April following the end of a financial year.

Who should fill out the CMP-08 form?

A taxpayer who has chosen the composition scheme must file Form CMP-08 every quarter in order to deposit payments.