Kollipara sundaraiah asked 4 years ago
GSTR-4 composite return mandatory
Any composite scheme registered dealer composite return filed CMP-08 only or CMP-08 and gstr4 both returns filed compulsory or not
Answer the questionKollipara sundaraiah asked 4 years ago
Previously, businesses were filing tax returns every quarter in GSTR-4, which consisted of seven pages.
CMP-08, a statement cum challan, was introduced in April 2019 to make it applicable from the financial year 2019-2020.
Additionally, the Central Board of Indirect Taxes and Customs (CBIC) has redesigned the GSTR-4 of the Central Goods and Services Tax Rules, 2017, to be filed by 30th April for every financial year by the composition dealers.
Any additional tax liability that is not declared in Form GSTR-4 can be shown in Form GSTR-9A.