| Question And Answer | |
|---|---|
| Subject: | Wrong / Non Reporting of Composition Turnover |
| Category: | GST |
| Querist: | kollipara sundaraiah |
| Answered by: | Law Intern |
| Tags: | GST COMPOSITION SCHEME |
| Date: | April 3, 2025 |
A registered composite scheme composite returns cmp-05 returns filed up to 31-3-24 and cmp-05 returns non filed from 01-04-24 to 31-12-24 period notice details mentioned below issued state gst officer.
01-04-24 to 30-06-24 sales turnover rs:10 lacs tax rs:10,000/-
01-07-2024 to 30-09-24 sales turnover rs:10 lacs tax rs:10,000/-
01-10-24 to 31-12-24 sales turnover rs:10 lacs tax rs:10,000/-
Dealer f.y.23-24 composite returns cmp-05 filed period highest turnover rs:10 lacs show period october-23 to december-23 .
Question:
Dealer gst returns non filed period from 01-04-24 to 31-12-24 sales turnover show actually sales turnover or department mentioned sales turnover show in composite returns correct procedure
You must file the overdue CMP-08 forms for the three quarters (April-June 2024, July-September 2024, and October-December 2024) immediately along with applicable late fees and interest. You should report the actual sales turnover for the period 1st April 2024 to 31st December 2024 in the CMP-08 returns. The department’s mentioned sales turnover of Rs. 10 lakhs is probably an estimated figure.