Screenshot_2024-11-13-06-47-12-116_com.android.chrome PDF - GST CMP 08 Filing

# CHAPTER 9 - E-FILING OF GSTR CMP 08 ## Unit objective After studying this module, the students shall be able to understand: - Knowledge to access the requirements for composite tax payers. - Understand the purpose of GSTR CMP 08. - File GSTR CMP 08. ## 9.1 GST CMP 08 **Applicable for Composite...

# CHAPTER 9 - E-FILING OF GSTR CMP 08 ## Unit objective After studying this module, the students shall be able to understand: - Knowledge to access the requirements for composite tax payers. - Understand the purpose of GSTR CMP 08. - File GSTR CMP 08. ## 9.1 GST CMP 08 **Applicable for Composite Taxpayer** Form GST CMP-08 is used to declare the details or summary of self-assessed tax which is payable for a given quarter by taxpayers who are registered as composition taxable person or taxpayer who have opted for composition levy. *** | GSTR Forms | Purpose | Due Date | |---|---|---| | GST CMP 08 | The form contains details of tax liability on sales and purchases | 18th of the next month from the end of the quarter | *** ## 9.2 Requirement for filing Form GST CMP-08 What are the pre-conditions for filing Form GST CMP-08 - Taxpayer must be registered as Composition Taxpayer or have opted for Composition scheme and should have an active GSTIN. - Taxpayer must have valid User ID and password. - Taxpayer must also have valid & non-expired/non-revoked digital signature (DSC), in case of taxpayer who wish to file it by digital signature. - Taxpayer must have filed all the applicable GST CMP-08 for the previous quarter(s). ## 9.3 Output of GST CMP 08 filing What happens after Form GST CMP-08 is filed - ARN will be generated on successful filing of the Form. - Status of GST CMP-08 will be changed to 'Filed' from 'Not filed'. - An SMS and email will be sent to the mobile number of the authorized signatory on the successful filing of Form GST CMP-08. - Electronic Cash Ledger and Electronic Liability Register Part-I will get updated after filing of Form GST CMP-08. - Negative liability adjustment table will be updated, if required. ## 9.4 Online filing of GST CMP 08 1. Access the www.gst.gov.in URL. The GST Home page is displayed. 2. Login to the GST Portal with valid credentials. 3. Click the Services > Returns > Returns Dashboard command. 4. The File Returns page is displayed. Select the Financial Year & Return Filing Period (Quarter) for which you want to file the statement from the drop-down list. 5. Click the SEARCH button. 6. The File Returns page is displayed. In the GST CMP-08 tile, click the PREPARE ONLINE button. 7. The Statement for payment of self-assessed tax is displayed. 8. Enter details in Table 3 and click on 'SAVE' to save details. 9. A success message will appear on clicking 'SAVE'. Click OK. 10. Click PREVIEW DRAFT GST CMP-08 and a pdf file will be downloaded on your machine. 11. Click on PROCEED TO FILE to file GST CMP-08. 12. A message will appear in a green box above the table to check the status in sometime. 13. Refresh the screen after sometime and Payment of Tax page is displayed. Available cash balance as on date in Electronic Cash Ledger is shown to the taxpayer in "Cash Ledger Balance" table. 14. Generate Challan 15. Select the Payment Modes as E-Payment/ Over the Counter/ NEFT/RTGS. 16. Click the GENERATE CHALLAN button. 17. The Challan is generated. Click on DOWNLOAD button to download the challan. 18. Downloaded challan is displayed here. Click on MAKE PAYMENT button. 19. Go to Returns Dashboard again, note the Additional Cash required is Nil now. 20. Declaration Select the checkbox against the Choose the Authorised Signatory from the drop-down. 21. Click on FILE GST CMP-08. 22. Click the YES button. 23. The Submit Application page is displayed. Click the FILE WITH DSC or FILE WITH EVC button. 24. FILE WITH EVC: Enter the OTP sent on email and mobile number of the Authorized Signatory registered at the GST Portal and click the VALIDATE OTP button. 25. The success message is displayed and ARN is displayed. Status of the Form GST CMP-08 changes to "Filed". Go BACK to download filed GST CMP-08. 26. Download the filed GST CMP-08 by clicking on DOWNLOAD FILED GST CMP-08.