Skip to main content

FILING NIL FORM CMP-08 STATEMENT THROUGH SMS ON GST PORTAL

By

 



A Composition taxpayer may now file NIL statement in Form GST CMP-08 for a quarter, through an SMS, apart from filing it through online mode, on GST portal.

(a)  To file NIL Form GST CMP-08 through SMS, the taxpayer must fulfil following conditions:

Ø  Taxpayer must be registered as composition taxable person (by filing Form GST REG-01) or have opted for composition levy (by filing Form GST CMP-02)

Ø  Taxpayer must have fulfilled all the applicable statements in Form GST CMP-08 for the previous quarters.

Ø  Authorised signatory and his/her phone number must be registered on the GST portal.

Ø  There must not be any data in save stage, in online version of Form GST CMP-08, on the GST Portal.

(b) The taxpayer can file the nil return, if taxpayer has  not performed the below mentioned activities:

Ø  Any outward supply(Commonly known as sale)

Ø  Any liability due to reverse charge (including import of services)

Ø  Any other tax liability.

(c)     Steps to file NIL Form GST CMP-08 through SMS are as follows:

Ø  Send SMS to 14409 to file NIL Form GST CMP-08 i.e. <NIL> <Return Type> <GSTIN> <Return period> (For example for filing NIL return for tax period April-June 2020: NIL C8 07AABCM3425F1ZH 062020)

Ø  Send SMS again on the same number 14409 with verification code to confirm filing of NIL Form GST CMP-08 i.e. <CNF> <Return Type> <Code>. (For example verification code received is 123456, SMS CNF C8 123456)

Ø  After successful validation of verification code, GST portal will send back ARN to registered E-Mail ID and Mobile No. to intimate successful NIL filing of GST CMP-08.

Please note that due date to file Form GST CMP-08  is 18th of the month following the quarter.

SOURCE : GST WEBSITE

Disclaimer : TAXGyaAan is meant purely for the educational purpose of Tax Laws and Regulatory Updates. It will not be treated as professional advice. This Blog should not be substituted for professional advice. For specific Queries, please post in the comments section. 

Labels:

Comments

Post a Comment

Popular posts from this blog

CONCEPT OF INPUT SERVICE DISTRIBUTOR (ISD)

By
What is Input Service Distributor (ISD)? As per Section 2(61) of CGST Act, “Input Service Distributor” has following characteristics: Ø       It is an office of the supplier of goods or services or both. Ø       It receives tax invoices issued under section 31 towards the receipt of input services. Ø       It issues a prescribed document for the purposes of distributing the credit of central tax, state tax, integrated tax or union territory tax paid on the said services. Ø       Such document is issued to a supplier of taxable goods or services or both having the same Permanent Account Number as that of the said office. Registration Requirement for Input Service Distributor (ISD) Section 24 of the CGST Act (read with Rule 8 of CGST Rules, 2017), requires an office of the supplier which intends to act as Input Service Distributor (ISD), to separately obtain registration as ISD. Returns for Input Service Distributor (ISD)...
8 comments
Read more

CBIC notify the number of HSN digits required on tax invoice under GST

By
Central Board of Indirect Taxes and Customs issued a Notifications No. 78/2020 – Central Tax & 06/2020 – Integrated Tax dated October 15, 2020, to notify the number of HSN digits required on tax invoice. With effect from April 01, 2021, HSN required to be printed on invoice would be as below: S. No. Aggregate Turnover in  preceding F. Y. No. of digits for HSN Code 1 Up to rupees five crores 4 2 more than rupees five crores 6 However, a registered person having aggregate turnover up to five crores rupees in the previous financial year may not mention the number of digits of HSN Code on a tax invoice issued by him under the said rules in respect of supplies made to unregistered persons. SOURCE : CBIC NOTIFICATIONS Disclaimer :  TAXGyaAan is meant purely for the educational purpose of Tax Laws and Regulatory Updates. It will not be treated as professional advice. Thi...
3 comments
Read more

CLARIFICATION ON GSTR 9 (ANNUAL RETURN) & GSTR 9C (RECONCILIATION STATEMENT)

By
CBIC has extended due date of f urnishing of the Annual Return for the FY 2018-19 to 31.10.2020 (Notification No.69/2020-Central Tax dated 30.09.2020) Board has received certain representation that the auto populated GSTR 9 for the year 2018-19 (Tables 4, 5, 6 and 7) also includes the data for FY 2017-18.However, this information for FY 2017-18 has already been furnished by the taxpayers in the annual return (GSTR9) filed for FY 2017-18 and there is no mechanism to show the split of two years (2017-18 & 2018-19) in FORM GSTR-9 for 2018-19. In this regard, it is clarified that   the taxpayers are required to report only the values pertaining to Financial Year 2018-19 and the values pertaining to Financial Year 2017-18 which may have already been reported or adjustedare to be ignored. No adverse view would be taken in cases where there are variations in returns for taxpayers who have already filed their GSTR-9 of Financial Year 2018-19 by including the details of supplie...
2 comments
Read more