Composition scheme

GST Form CMP-08
Composition scheme
CA. Kapil Mittal

Must Know Facts On Filing CMP-08 Return: Due Date | Eligibility | Penalties

CBIC has segregated taxpayers across the country, and there are certain business persons who have been given the option to opt for a simplified procedure of compliance under GST. The option is given if you opt for composition scheme under section 10 of the CGST Act 2017  or benefit of Notification NO. 2/2019-dated 7th March 2019-Central Tax Rate. If you are one such specified person, then you need to furnish your return in a simplified statement on a quarterly basis through Form CMP-08.  1. Insights on Form CMP-08? A challan/statement through which one can declare the details or summary of

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Composition Scheme extended to supplier of Services
Composition scheme
CA. Kapil Mittal

Composition Scheme extended to supplier of Services

CBIC has extended benefit of composition scheme to supplier of service vide notification no. 2/2019-Central Tax (Rate) dated 7th March, 2019 upto first aggregate turnover of INR 50 Lacs. Supplier is liable to discharge GST @ 6% on such supplies.

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