Form CMP-08: Due Date, Eligibility Criteria, Penalty and Format
Get Form CMP-08 Complete Details
Form GST CMP 08 was introduced in April 2019 for composition dealer replacing the GSTR-4 for the FY 2019-2020. Here are some of the main topics of CMP-08 Form.
Scope of Content
What is CMP 08 due date of filing Form?
The CMP-08 due date for filing CMP-08 Form is on or before the 18th of the month succeeding the quarter of an F.Y. (Financial Year).
| Return Period | Due-Date |
|---|---|
| April-June | 18th July* |
| July-Sept | 18th Oct |
| Oct-Dec | 18th Jan |
| Jan-Mar | Jan-Mar |
*Note: The due date for filing CMP08 in GST has been extended to 31st July 2019 for April to June quarter.
What are the consequences for not filing CMP-08 Form within the prescribed due date?
In case if a composition dealer fails to furnish the CMP-08 Form within the due date then he/she will be liable to pay the penalty of 200 INR per day (100 INR CGST and 100 INR SGST/UTGST). As per the IGST ACT, the CMP-08 late fees calculator for filing CMP-08 Form is same as CGST and SGST. In simple words, the penalty for composition dealer under the IGST Act is 200 INR per day too.
Note: The maximum CMP 08 late fee amount of penalty for late filing can be 5,000 INR calculated from the due date of filing CMP-08 Form to the actual filing date of CMP-08.
Format of CMP-08 Form
CMP-08 Form has 4 major parts and they are:
1. In the very first part of CMP-08 Form, the GST Composition scheme holder has to fill his GSTIN or GST Number in the CMP-08 Form.
2. The legal name and trade name will be auto-filled.
3. In the 3rd Part of the CMP-08 Form, the composition dealer has to furnish the self-assessed liability.
4. The last part of Form CMP-08 deals with the verification of the composition dealer. In this part of CMP-08 Form, either the taxpayer or his representative has to verify the form with his DSC (Digital signature).
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