Sushmita Goswami | Apr 18, 2022 |
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.
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.
A taxpayer who has chosen the composition scheme must file Form CMP-08 every quarter in order to deposit payments.
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