Key Takeaways
- Form CMP-08 is a quarterly return for composition taxpayers to declare and pay self-assessed taxes.
- Due date: 18th of the month following each quarter (e.g., by 18th July for April-June).
- Late filing incurs ₹200/day penalty, max ₹5,000, plus 18% interest.
- Filing steps: Enter tax details, review, pay, and submit via the GST portal.
- E-way bill blocked if CMP-08 is not filed for two consecutive quarters.
GST Form CMP-08 is a requirement for taxpayers who have registered for the Composition Scheme under the framework of Goods and Services Tax. It declares the summary of self-assessed tax liabilities and simplifies tax filing for small businesses. Composite taxpayers need to file this form quarterly to maintain proper compliance.
In this blog, we will discuss what is Form CMP-08, how to file CMP 08 in GST and who should file this form while highlighting other aspects that you need to know.
What Is Form CMP-08?
Form CMP-08 is a statement or return form which composition taxpayers need to file to declare their self-assessed liability or self-assessed tax for a specific quarter (on or before the 18th of a month which is succeeding the quarter of a fiscal year). Form CMP-08 can also be used as a challan while paying tax.
It is important to remember that composition dealer taxpayers must also file Form GSTR-4, i.e., the annual returns on or before 30th April which follows the end of a given fiscal year.
Who Should File CMP-08?
Any taxpayer who has opted for the Composition Scheme needs to file CPM-08 for depositing payments each quarter. Here are the two kinds of taxpayers:
- The supplier of services, who in the previous financial year have ₹50 lakh of aggregate annual turnover. They also need to meet the conditions stated under Notification Number 2/2019 Central Tax (Rate) which is dated 7th March 2019.
- The supplier (retailer or manufacturer) with an annual aggregate turnover of up to ₹1.5 crore in the previous fiscal year. For special category states, the aggregate annual turnover is ₹75 lakh. Some exceptions are:
- A person who makes inter-state supplies
- Non-resident taxable person or casual taxpayer
- A person who manufactures ice cream pan masala, tobacco, edible ice (irrespective of cocoa content) and other tobacco products
- A person who supplies goods which do not attract any GST.
- Businesses making supplies through e-commerce operators
What Is the Due Date to File the Form CMP-08?
You need to file Form CMP-08 on a quarterly basis, on or before the 18th of a month which is succeeding the quarter of a given financial year. For instance, it is mandatory to file CMP-08 by 18th April 2024 for the quarter of January-March, 2024.
Take a look at the table below to learn about the due dates of each quarter.
| Quarter | Due Dates |
| 1st Quarter – April to June 2024 | 18th July 2024 |
| 2nd Quarter – July to September 2024 | 18th October 2024 |
| 3rd Quarter – October to December 2024 | 18th January 2025 |
| 4th Quarter – January to March 2025 | 18th April 2025 |
What Is the Penalty for Not Filing CMP-08 Within the Due Date?
A taxpayer needs to pay ₹200 (₹100 CGST + ₹100 SGST) for each day of delay as a penalty if he/she fails to file CMP-08 within the due date. This late fee/ penalty will amount to a maximum of ₹5,000 from the beginning of the due date to the actual filing date. An interest rate of 18% will apply to the late fee charges for late filing of Form GST CMP-08.
If CMP-08 for two consecutive quarters is not filed, e-way bill generation will be blocked. To unblock it, taxpayers must apply to the jurisdictional tax officer using Form GST EWB 05 and may need to submit all pending forms for previous quarters.
How Does a Taxpayer Fill CMP-08?
To file CMP-08 form, a taxpayer needs to provide the following details:
- GSTIN information: First, the taxpayer needs to provide details of the Goods and Services Tax Identification Number.
- Trade Name and Legal Name: These fields are auto-filled based on GSTIN details. This includes basic details like the registered legal name of the business and the trade name.
- Inward Supplies: The taxpayer needs to enter details of inward supplies under the reverse charge mechanism on which he is required to pay tax.
- Outward Supplies: The taxpayer needs to provide outward supplies details on which he needs to pay tax.
- Imports: Details of imports of goods or services are necessary.
- Total Tax Payable: The taxpayer needs to enter details of the total amount of tax that is payable.
- Interest: Details of interest on late payments which are due or other defaults need to be mentioned.
- Date of Filing and ARN: After payment of tax, the taxpayer needs to mention the GST return filing date and Application Reference Number in the CMP-08 Form.
How to File GST CMP 08?
Follow the steps below for filing Form GST CMP 08:
Step 1: Access Form CMP 08
You first need to log in to the official GST portal. Go to ‘Return Dashboard’, and tap on ‘CMP-08’. Then, proceed to select the filing period and financial year. After clicking on ‘Search’, choose ‘Prepare Online.’
Step 2: Enter Tax Liability Details
Enter the summary of supplies values and the tax which is payable for the relevant quarter. Mention the due interest amount, if any. Choose ‘File Nil GST CMP-08’, if you meet these conditions:
- No outward supplies during the return period on which any amount of tax is payable.
- There are no output GST liabilities from inward supply under the reverse charge mechanism. This also includes imported services.
- You do not have tax liabilities.
Upon completion, tap on ‘SAVE.’
Step 3: Review the Form
Tap on ‘PREVIEW DRAFT GST CMP-08’ to verify the information once.
Step 4: Make Payment and File
Pay with the electronic cash balance. You can also create a challan for payment through NEFT or net banking if there is insufficient cash in your electronic cash ledger. Once you have made the payment, submit the Form using a Digital Signature Certificate (DSC) or Electronic Verification Code (EVC).
Upon submission, you will receive a confirmation message along with the generation of an Acknowledgement Receipt Number (ARN). You will also receive notifications regarding the successful filing on your contact number.
Conclusion
The CMP-8 Form is an essential quarterly return form for composition dealers, as it ensures that they declare their tax liabilities and make timely payments. This also reduces the tax filing burden of taxable individuals and small businesses. Therefore, understanding how to file CMP-08 in GST can help you maintain business compliance and avoid penalties like late payment charges and interest.
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FAQs
What is Form CMP-08 in GST?
Form CMP-08 is a quarterly return that composition taxpayers use to declare their self-assessed tax liability. It must be filed by the 18th of the month following each quarter. The form also serves as a challan for making tax payments, helping businesses comply with GST rules.
Who needs to file Form CMP-08?
Taxpayers registered under the GST Composition Scheme, such as service providers with turnover up to ₹50 lakh or manufacturers/retailers with turnover up to ₹1.5 crore, must file CMP-08. Special category states have a turnover limit of ₹75 lakh. Some exceptions apply, such as businesses making inter-state supplies.
What is the penalty for late filing of CMP-08?
If CMP-08 is filed late, a penalty of ₹200 per day (₹100 CGST + ₹100 SGST) is charged, up to a maximum of ₹5,000. Additionally, an interest rate of 18% per year applies to any outstanding tax amount, increasing the overall cost of non-compliance.
How do I file Form CMP-08 online?
To file CMP-08, log into the GST portal, access the ‘Return Dashboard,’ and select the relevant quarter. Enter the tax details, review the form, and submit it after making payment via the electronic cash ledger or by creating a challan for payment through NEFT or net banking.
What happens if I don’t file CMP-08 for two consecutive quarters?
If CMP-08 isn’t filed for two consecutive quarters, e-way bill generation will be blocked. To unblock it, the taxpayer must file the pending returns and may need to approach the jurisdictional tax officer using Form GST EWB 05 to resolve the issue.
